Scribd
Upload
63 views2 pages

SkillsFuture Level-Up for Mid-Career Singaporeans

The SkillsFuture Level-Up Programme aims to assist mid-career Singaporeans aged 40 and above in reskilling and upskilling through three measures: a $4,000 SkillsFuture Credit top-up, support for pursuing another subsidised full-time diploma, and a SkillsFuture Mid-Career Training Allowance. The programme will provide financial support for selected courses and training, with the allowance covering 50% of average income for eligible individuals. More details will be announced at the MOE Committee of Supply.

Uploaded by

Roman Libra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
63 views2 pages

SkillsFuture Level-Up for Mid-Career Singaporeans

The SkillsFuture Level-Up Programme aims to assist mid-career Singaporeans aged 40 and above in reskilling and upskilling through three measures: a $4,000 SkillsFuture Credit top-up, support for pursuing another subsidised full-time diploma, and a SkillsFuture Mid-Career Training Allowance. The programme will provide financial support for selected courses and training, with the allowance covering 50% of average income for eligible individuals. More details will be announced at the MOE Committee of Supply.

Uploaded by

Roman Libra
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

ANNEX D-1: SKILLSFUTURE LEVEL-UP PROGRAMME

The SkillsFuture Level-Up Programme seeks to support mid-career Singaporeans aged 40 and
above in undertaking significant reskilling and upskilling to boost their prospects in their
current job or pivot to a new career. It comprises three new measures:

(A) $4,000 SkillsFuture Credit (Mid-Career) Top-Up;


(B) Support for mid-career Singaporeans to pursue another subsidised full-time
Diploma; and
(C) SkillsFuture Mid-Career Training Allowance.

(A) $4,000 SkillsFuture Credit (“SFC”) (Mid-Career) Top-Up

The SFC was introduced at Budget 2015 to encourage Singaporeans to take ownership of their
skills development. To provide more support for mid-career Singaporeans, we will provide a
$4,000 SFC (Mid-Career) top-up to every Singaporean in the year they turn 40 years old.
Singaporeans currently aged 40 and above will receive the top-up in May 2024. The credit will
have no expiry date.

Eligible individuals can use the SFC top-up for selected courses that are industry-oriented and
have better employability outcomes. More details on eligible courses will be announced at the
MOE Committee of Supply.

(B) Support for Singaporeans to pursue another subsidised Full-Time Diploma

Currently, individuals who have previously received MOE subsidies or Government


sponsorship for a diploma or higher qualification (e.g., degree) are not eligible for another
subsidised full-time diploma qualification at our institutions.

From Academic Year 2025, Singaporeans aged 40 and above will qualify for the Mid-Career
Enhanced Subsidy for another subsidised full-time diploma at our Polytechnics, ITE, and Arts
Institutions (i.e., Nanyang Academy of Fine Arts and LASALLE College of the Arts). This
will expand the opportunities available for mid-career Singaporeans to take subsidised courses.

(C) SkillsFuture Mid-Career Training Allowance

To better support mid-career workers who need to undergo substantive reskilling, we will
provide a training allowance to Singaporeans aged 40 and above who undertake full-time long-
form training, to partially offset the income loss from taking time off from work. This will be
made available from early 2025, for eligible individuals who enrol in the following full-time
long-form training programmes:

(i) Full-time SkillsFuture Career Transition Programme courses, which are designed
to support mid-career transitions into sectors with good hiring opportunities; and

(ii) Full-time publicly-funded full qualifications up to undergraduate degree level


offered by our Institutes of Higher Learning and Arts Institutions.

1
MINISTRY OF FINANCE
The training allowance will be equivalent to 50% of the individual’s average income over the
latest available 12-month period, capped at $3,000 per month. Every individual can receive up
to 24 months of training allowance throughout their lifetime.

More details will be provided at the MOE Committee of Supply.

More Information

Measure Contact Details


SkillsFuture Level-Up Programme Please contact SkillsFuture Singapore at
[Link]
[Link]/s/feedback.

2
MINISTRY OF FINANCE

You might also like