Transferability of SkillsFuture Credits from Parent to Child

71 Ms Carrie Tan asked the Minister for Education whether SkillsFuture credits can be made transferable from parent to child if the parent is already retired.

Mr Chan Chun Sing: The SkillsFuture Credit seeks to encourage individuals to take ownership of their skills development and lifelong learning journey. As we encourage Singaporeans to pursue learning throughout life, we have designed the SkillsFuture Credit to be non-transferable between individuals, even after retirement. Many courses are highly subsidised by the Government to ensure that training costs remain affordable. In addition, the SkillsFuture Credit can be used on top of the course fee subsidies.

For retirees, they may wish to consider the range of SkillsFuture Credit-eligible courses that are specially curated to suit the skills and learning interests of seniors, such as those offered by the National Silver Academy (NSA) as well as IT courses offered by the Silver Infocomm Junctions.