Breakdown in Utilisation Rate of SkillsFuture Credits by Age Group

28 Mr Melvin Yong Yik Chye asked the Minister for Education (Higher Education and Skills) (a) what is the breakdown in utilisation rate of SkillsFuture credits according to the different age groups; and (b) whether the Ministry will consider allowing elderly citizens to transfer their credits to their younger immediate family members for skills upgrading.

Mr Ong Ye Kung: Since the launch of the SkillsFuture Credit one year ago, more than 126,000 Singaporean Citizens have used their SkillsFuture Credit. There is a good spread across the different age bands, as shown in Table 1 below.

The objective of the SkillsFuture Credit scheme is to send a strong signal to adult Singapore Citizens to take charge of their own learning journey. This is an objective that is relevant to every Singapore Citizen, whether young or old. Making the SkillsFuture Credit transferrable will undermine this objective. Hence, it is not transferable.