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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 Training grant Type of Course Target Audience (Rates)* Course Support Period
PREPARATORY COURSE FOR SINGAPORECA QUALIFICATION (FOUNDATION) – SINGAPORE TAXATION (MAIN) CRS-N-0046632 Training Grant & Absentee Payroll only 95% of Course fee max CAT B, Certifiable (Non-WSQ), External PME (CF with AP), Eligible for MCES, SME, WTS 18 July 2018 to 17 July 2019
PREPARATORY COURSE FOR SINGAPORE CA QUALIFICATION (FOUNDATION) – FINANCIAL MANAGEMENT (MAIN) CRS-N-0046633 Training Grant & Absentee Payroll only 95% of Course fee max CAT B, Certifiable (Non-WSQ), External PME (CF with AP), Eligible for MCES, SME, WTS 18 July 2018 to 17 July 2019
PREPARATORY COURSE FOR SINGAPORE CA QUALIFICATION (FOUNDATION) – ASSURANCE (MAIN) CRS-N-0046634 Training Grant & Absentee Payroll only 95% of Course fee max CAT B, Certifiable (Non-WSQ), External PME (CF with AP), Eligible for MCES, SME, WTS 18 July 2018 to 17 July 2019
PREPARATORY COURSE FOR SINGAPORE CA QUALIFICATION (FOUNDATION) – PRINCIPLES OF FINANCIAL REPORTING (MAIN) CRS-N-0046635 Training Grant & Absentee Payroll only 95% of Course fee max CAT B, Certifiable (Non-WSQ), External PME (CF with AP), Eligible for MCES, SME, WTS 18 July 2018 to 17 July 2019
PREPARATORY COURSE FOR SINGAPORE QUALIFICATION (FOUNDATION)– ADVANCED FINANCIAL REPORTING (MAIN) CRS-N-0046636 Training Grant & Absentee Payroll only 95% of Course fee max CAT B, Certifiable (Non-WSQ), External PME (CF with AP), Eligible for MCES, SME, WTS 18 July 2018 to 17 July 2019
PREPARATORY COURSE FOR SINGAPORE CA QUALIFICATION (FOUNDATION) – ACCOUNTING FOR DECISION MAKING (MAIN) CRS-N-0046637 Training Grant & Absentee Payroll only 95% of Course fee max CAT B, Certifiable (Non-WSQ), External PME (CF with AP), Eligible for MCES, SME, WTS 18 July 2018 to 17 July 2019
Diploma of Sustainable Operations CRS-N-0047137 Training Grant Only $2 per hour Grant amount: $176 CAT C, NonCertifiable, External PME(CF) 07 August 2018 to 06 August 2019
PREPARATORY COURSE FOR ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA) – Strategic Business Reporting CRS-N-0048082 Training Grant Only $2 per hour Grant amount: $112 CAT C, NonCertifiable, External PME(CF) 12 Oct 2018 To 11 Oct 2019
Preparatory Course for Association of Chartered Certified Accountants (ACCA) - Audit and Assurance (International) CRS-N-0048084 Training Grant & Absentee Payroll only $2 per hour Grant amount: $105 CAT C, NonCertifiable, External PME(CF) 12 Oct 2018 To 11 Oct 2019
PREPARATORY COURSE FOR ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS (ACCA) – Financial Management CRS-N-0048083 Training Grant & Absentee Payroll only $2 per hour Grant amount: $105 CAT C, NonCertifiable, External PME(CF) 12 Oct 2018 To 11 Oct 2019
Preparatory Course for Association of Chartered Certified Accountants (ACCA) - Financial Reporting (International) CRS-N-0048085 Training Grant & Absentee Payroll only $2 per hour Grant amount: $105 CAT C, NonCertifiable, External PME(CF) 12 Oct 2018 To 11 Oct 2019
Preparatory Course for Association of Chartered Certified Accountants (ACCA) - Taxation (Singapore) CRS-N-0048086 Training Grant & Absentee Payroll only $2 per hour Grant amount: $105 CAT C, NonCertifiable, External PME(CF) 12 Oct 2018 To 11 Oct 2019
Preparatory Course for Association of Chartered Certified Accountants (ACCA) - Performance Management CRS-N-0048087 Training Grant & Absentee Payroll only $2 per hour Grant amount: $105 CAT C, NonCertifiable, External PME(CF) 12 Oct 2018 To 11 Oct 2019
Preparatory Course for Association of Chartered Certified Accountants (ACCA) - Management Accounting CRS-N-0048089 Training Grant & Absentee Payroll only $2 per hour Grant amount: $105 CAT C, NonCertifiable, External PME(CF) 12 Oct 2018 To 11 Oct 2019

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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