Transfer of SkillsFuture Credits between Family Members

48 Mr Leon Perera asked the Minister for Education whether the Government will consider allowing family members to transfer their SkillsFuture Credits to one another so as to promote better utilisation of SkillsFuture credits by those who have greater training needs.

Mr Lawrence Wong: The SkillsFuture Credit seeks to empower every Singaporean to take charge of his or her own learning over the course of his or her life, even in the senior years. For this reason, we have designed the SkillsFuture Credit to be non-transferable.

We recognise the need in these times to provide greater support to Singaporeans for their training needs. The Government has therefore provided a $500 top-up to all Singaporeans aged 25 and above this year, as well as an additional $500 SkillsFuture Credit (Mid-Career Support) for Singaporeans aged 40 to 60. The SkillsFuture Credit helps to offset out-of-pocket course fees, which are already highly subsidised by the Government at up to 90%.