Encouraging More Singaporeans to Utilise SkillsFuture Credits Top-up Given in 2020 before Expiration
Ministry of EducationSpeakers
Summary
This question concerns measures to encourage Singaporeans to utilize the 2020 $500 SkillsFuture Credit top-up before its 2025 expiration, as raised by Dr Wan Rizal. Minister Chan Chun Sing stated that only 26% of eligible citizens have used the top-up as of November 2024, noting that many others instead receive training through employer sponsorship. To support utilization, the government offers 30,000 courses via an enhanced mySkillsFuture portal and publishes jobs and skills insights to guide training decisions. Minister Chan Chun Sing highlighted that individuals requiring personalized guidance can also access free Skills and Training Advisory services. Additionally, the government is engaging community partners to conduct local workshops and roadshows to raise awareness of the credits and eligible courses before the deadline.
Transcript
54 Dr Wan Rizal asked the Minister for Education in view that only 26% of eligible Singaporeans have used their $500 SkillsFuture Credit (SFC) top-up given in 2020, what measures are being implemented to encourage the remaining eligible Singaporeans to utilise their SFC top-up before it expires at the end of 2025.
Mr Chan Chun Sing: The Government provided a one-off SkillsFuture Credit top-up of $500 for eligible Singaporeans in 2020. This top-up will expire by the end of 2025.
As of 26 November 2024, about 26% of eligible Singaporeans have used their one-off top-up. Many individuals have also gone for training, without tapping on SkillsFuture Credit. For example, of the 520,000 individuals who participated in training supported by SkillsFuture Singapore in 2023, almost half were sponsored by their employers.
We encourage individuals who wish to use the $500 top-up to plan how they can utilise it meaningfully. A wide range of around 30,000 skills-related courses are available. The list of courses can be accessed on mySkillsFuture portal, which has been enhanced so users can more easily search for courses that match their interests and career goals. Individuals could also refer to the jobs and skills insights published by SkillsFuture Singapore (SSG) to guide their training decisions. Those who require more personalised guidance could sign up for SSG's free Skills and Training Advisory services. We also welcome more community partners to work with SSG to raise awareness of SkillsFuture Credit and eligible courses, through local workshops and roadshows.