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SkillsFuture Credit aims to encourage individual ownership of skills development and lifelong learning.
All Singaporeans aged 25 or above will receive SkillsFuture Credit of $500 from January 2016.
On 1 October 2020, the Government will provide a one-off SkillsFuture Credit Top-up of $500 for all eligible Singaporeans aged 25 or above by 31 December 2020. Singaporeans aged 40 to 60 by 31 December 2020 will also receive an Additional SkillsFuture Credit (Mid-Career Support) of $500. These new SkillsFuture Credit provisions will expire on 31 December 2025.
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