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SkillsFuture Credit with LSBF

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 Business Studies (Full Time) CRS-N-0031040 Training Grant Only CAT C, Non-Certifiable, External PME (CF) 02 Dec 2017 to 01 Dec 2018

Advanced Diploma in Business Studies (Part Time)

CRS-N-0030925

Training Grant Only

CAT C, Non-Certifiable, External

PME (CF)

02 Dec 2017 to 01 Dec 2018
Advanced Diploma in Hospitality and Tourism Management (Part Time) CRS-N-0032585 Training Grant Only CAT C, Non-Certifiable, External PME (CF) 02 Dec 2017 to 01 Dec 2018
Diploma in Logistics and Supply Chain Mangement (Part Time) CRS-N-0032603 Training Grant Only CAT C, Non-Certifiable, External PME (CF) 02 Dec 2017 to 01 Dec 2018
Diploma in International Hospitality Management (Full Time) CRS-N-0029383 Training Grant Only CAT C, Non-Certifiable, External PME (CF) 02 Dec 2017 to 01 Dec 2018
Diploma in Accounting and Finance (Full Time) CRS-N-0029002 Training Grant Only CAT C, Non-Certifiable, External PME (CF) 02 Dec 2017 to 01 Dec 2018

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

For more information on Skills Development Fund, contact (+65) 6580 7700 to find out more!

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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