Funding & Subsidies

Post Secondary Education Account (PSEA)

The Post-Secondary Education Account (PSEA) is a special savings scheme designed to help Singaporean students save for their post-secondary education. Managed by the Ministry of Education (MOE), the PSEA can be used to pay for a wide range of approved programs and expenses at various post-secondary institutions.

Contributions to the PSEA come from the unused funds in a child’s Edusave account and government top-ups, providing a financial boost for furthering education.

For more information, click here to be redirected.

SkillsFuture Credit (SFC)

Singaporean citizens aged 25 and above are eligible to utilize their SkillsFuture Credits for covering course fees. These credits can be applied in addition to existing course fee funding. To facilitate this process, applications through MySkillsFuture.gov.sg should be submitted within 60 days before the course commences.

For accurate invoicing, self-sponsored learners to notified LearnCollab by submitting a screenshot with the learner’s name, submission Claim ID number and the claim amount.

Further details on utilizing SkillsFuture Credits can be found by clicking here .

SkillsFuture Mid-Career Enhanced Subsidy (MCES)

The SkillsFuture Mid-Career Enhanced Subsidy (MCES) supports Singaporean workers aged 40 and above in advancing their careers through lifelong learning. This program offers substantial financial aid for eligible individuals to pursue various training courses and skills development opportunities. By covering up to 90% of course fees, MCES aims to enhance job prospects, facilitate career transitions, and ensure mid-career professionals remain competitive in a rapidly evolving job market. Take advantage of this subsidy to invest in your professional growth and stay ahead in your field.

Union Training Assistance Programme (UTAP)

The Union Training Assistance Programme (UTAP) offers NTUC union members financial support for training. NTUC members can enjoy up to 50% unfunded course fee support when they sign up for courses supported under UTAP.

NTUC members aged 40 and above will get increased funding support from $250 to $500. For more information, please click here .

SkillsFuture Enterprise Credit (SFEC)

SkillsFuture Enterprise Credit (SFEC) is a government initiative in Singapore aimed at encouraging employers to invest in enterprise and workforce transformation. Here is a summary of its benefits:

Financial Support:
Eligible employers receive a one-time credit of up to S$10,000 to cover up to 90% of out-of-pocket expenses on qualifying initiatives.

Wide Range of Qualifying Activities:

Enterprise Transformation: Activities include business process reengineering, adoption of digital solutions, and implementation of technology and innovation projects.
Workforce Transformation: Activities cover training programs for skills development, job redesign initiatives, and initiatives to enhance workforce capabilities.

Ease of Access:
The credit is automatically available to eligible employers, requiring no separate application process.

Support for SMEs:
The SFEC particularly benefits small and medium-sized enterprises (SMEs) by reducing the financial burden of investing in transformation and upskilling.

Encouragement of Continuous Learning and Development:
The initiative promotes a culture of continuous learning and development within enterprises, leading to a more skilled and adaptable workforce.

Alignment with National Strategies:
SFEC supports Singapore’s national strategies for economic growth and workforce development, aligning with initiatives like Industry Transformation Maps (ITMs) and SkillsFuture initiatives.

Overall, the SFEC provides substantial financial incentives to help businesses in Singapore improve productivity, innovate, and build a future-ready workforce. For more information, click here.

SkillsFuture Mid-Career Enhanced Subsidy (MCES)

Enhanced Training Support for Small and Medium Enterprises (ETSS)

[For courses commencing before 1 Jan 2023]

SMEs that meet all of the following eligibility criteria:

Registered or incorporated in Singapore
At least 30% local shareholding by Singapore Citizens or Singapore Permanent Residents
Employment size of not more than 200 (at group level) or with annual sales turnover (at group level) of not more than $100 million

[For courses commencing before 1 Jan 2023]

SMEs that meet all of the following eligibility criteria:

Registered or incorporated in Singapore
Employment size of not more than 200 or with annual sales turnover of not more than $100 million

SME-sponsored Trainees:

Must be Singapore Citizens or Singapore Permanent Residents.
Courses have to be fully paid for by the employer.
Trainee is not a full-time national serviceman.

For more information, click here .

Absentee Payroll

Absentee Payroll (AP) is a government grant that provides financial support to employers in Singapore. It compensates for the manpower costs incurred when employees attend training courses during working hours. With AP funding, businesses can invest in their employees’ skills development without bearing the full cost of their absence, ensuring continuous growth and productivity. This scheme encourages companies to prioritize employee training and upskilling, contributing to a more skilled and competitive workforce.

Mode of Payment

Registered Training Provider

Empowering both individuals and enterprises to acquire essential skills, drive innovation, and excel in today’s dynamic professional landscape.