Debated in Parliament on 8 Jan 2025.
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.
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.
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