SkillsFuture Credit with LSBF

Watch the video below to obtain a quick overview of SkillsFuture Credit!

What is it?

SkillsFuture is a national movement to provide Singaporeans with the opportunities to develop their fullest potential throughout life, regardless of their starting points. Through this movement, the skills, passion and contributions of every individual will drive Singapore's next phase of development towards an advanced economy and inclusive society.

SkillsFuture Credit aims to encourage individuals to take ownership of their skills development and lifelong learning. All Singaporeans aged 25 and above will receive an opening credit of S$500 from January 2016. Your credit will not expire and the government will provide periodic top-ups, so you may accumulate your credit.

How can you use it?

You can use your credit to pay for or offset skills related course fees by applying for claim(s) starting January 2016. All Singaporeans aged 25 years old and above will be able to access their SkillsFuture Credit account and submit a claim via www.skillsfuture.sg/credit once they receive their account activation letter.

To find out how to navigate the SkillsFuture Credit portal, please refer to the videos and user guides here.

Funding Mechanism
Below are the courses eligible for SkillsFuture Credit claim:

Course Title Course Code Type of Funding Support Type of Course Target Audience (Rates)* Course Support Period
Advanced Diploma in Accounting and Finance (Part time) CRS-N-0030926 Training Grant Only CAT C, Non-Certifiable PME (CF)  06 Mar 2015 To 24 Feb 2017
Advanced Diploma in Business Administration (Chinese) CRS-N-0031148 Training Grant Only CAT C, Non-Certifiable PME (CF) 28 Mar 2015 To 24 Feb 2017
Diploma in Business Administration (Chinese) CRS-N-0031147 Training Grant Only CAT C, Non-Certifiable PME (CF) 22 Jan 2016 To 24 Feb 2017
Advanced Diploma in Business Studies (Full Time)

CRS-N-0031040

Training Grant Only CAT C, Non-Certifiable PME (CF) 06 Mar 2015 To 24 Feb 2017

Advanced Diploma in Business Studies (Part time)

CRS-N-0030925 Training Grant Only CAT C, Non-Certifiable PME (CF) 06 Mar 2015 To 24 Feb 2017
Preparatory Course for the Association of Chartered Certified Accountants (ACCA) Introductory Certificate in Financial and Management Accounting CRS-N-0028740 Training Grant Only CAT C, Non-Certifiable External PME (CF) 07 Mar 2016 To 06 Apr 2017
Advanced Diploma in Accounting and Finance (Full Time) CRS-N-0031044 Training Grant Only CAT C, Non-Certifiable PME (CF) 06 Mar 2015 To 24 Feb 2017

Preparatory Course for Association of Chartered Certified Accountants (ACCA) Intermediate Certificate in Financial and Management Accounting

CRS-N-0028739

Training Grant Only

CAT C, Non-Certifiable

External PME (CF)

07 Apr 2016 To 06 Apr 2017
Diploma in Business Studies (Part time) CRS-N-0029004 Training Grant and Absentee Payroll Only CAT B, Certifiable (Non-WSQ) External, PME (CF with AP) 20 Jan 2016 To 29 Dec 2016
Diploma in Accounting and Finance (Full Time) CRS-N-0029002 Training Grant and Absentee Payroll Only CAT B, Certifiable (Non-WSQ) External, PME (CF with AP) 01 Oct 2015 To 29 Dec 2016
Diploma in Accounting and Finance (Part-Time) CRS-N-0029001 Training Grant Only CAT C, Non-Certifiable External, PME(CF) 15 Dec 2015 To 24 Feb 2017
Diploma in Business Studies (Full time) CRS-N-0029003 Training Grant and Absentee Payroll Only CAT B, Certifiable (Non-WSQ) External, PME (CF with AP) 01 Oct 2015 To 29 Dec 2016
Advanced Diploma in Hospitality and Tourism Management (Part Time) CRS-N-0032585 Training Grant Only CAT C, Non-Certifiable External, PME(CF) 07 Apr 2016 To 06 Apr 2017
Higher Diploma in Hospitality and Tourism Management CRS-N-0032590 Training Grant Only CAT C, Non-Certifiable External, PME(CF) 07 Apr 2016 To 06 Apr 2017
Higher Diploma in Business Studies CRS-N-0032734 Training Grant Only CAT C, Non-Certifiable External, PME(CF) 29 Jan 2016 To 28 Jan 2017

Rnf - Rank and File
PMet - Professional, Managers, Executive, Technicians

*Link to Funding Mechanism
Refer to the link below for the funding mechanism.
Http://www.wda.gov.sg/content/wdawebsite/L102-ForEmployers/L223E-007EmployerBasedFund.html

Application Procedure

For the consolidated user guide which outlines the steps for various processes within the SkillsFuture Credit, view it here.

For the most updated information, please read SkillsFuture Credit's T&C here.


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