FUNDING
What is it
The Critical Infocomm Technology Resource Programme Plus (CITREP+) is a programme under IMDA's TechSkills Accelerator (TeSA) initiative to support the ICT workforce in keeping pace with technology shifts, through the continuous and proactive training of technical skills sets, in order to remain relevant and productive.
Who is it for
• Eligible Singaporeans and PRs
• Companies to upskills eligible employees
Benefits
• Enjoy course and/or certification fee support
All Singaporeans and PR can apply CITREP+ 70-100% funding depending on eligibility.
SKILLSFUTURE CREDIT
Opening SkillsFuture Credit of $500
SkillsFuture Credit aims to encourage individuals to take ownership of their skills development and lifelong learning. Introduced in 2015, all Singaporeans aged 25 and above will receive an opening credit of S$500.
One-Off SkillsFuture Credit Top-Up
To further encourage Singaporeans to take timely action to reskill and upskill to seize opportunities in the future economy, a one-off SkillsFuture Credit top-up of $500 will be provided to every Singapore Citizen aged 25 years and above as at 31 December 2020.
From 1 October 2020, this top-up can be used on all SkillsFuture Credit-eligible courses, and will expire on 31 Dec 2025.
Additional SkillsFuture Credit (Mid-Career Support)
To improve individuals’ access to career transition programmes, a one-off SkillsFuture Credit of $500 will be provided to every Singapore Citizen (SC) aged 40 to 60 (inclusive) as at 31 December 2020. This will be over and above the $500 SkillsFuture Credit top-up for SCs aged 25 and above as at 31 December 2020.
From 1 October 2020, eligible individuals can use the Additional SkillsFuture Credit (Mid-Career Support) on (i) SGUnited Skills Programme, (ii) SGUnited Mid-Career Pathways Programme – Company Training, and (iii) Career Transition Programmes.
All unused credit from this additional SkillsFuture Credit will expire on 31 December 2025.
IBF STANDARDS TRAINING SCHEME
What is the IBF Standards Training Scheme?
The IBF Standards Training Scheme ("IBF-STS") provides funding for training and assessment programmes accredited under the Skills Framework for Financial Services.
Enhanced Funding Support for IBF-STS and IBF Credit
MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90%. IBF will provide an additional 5% in support in the form of IBF Credit, bringing the course fee subsidy up to 95%. This existing scheme will also be expanded to include workers in eligible FinTech firms.
UNION TRAINING ASSISTANCE PROGRAMME (UTAP)
What is UTAP?
UTAP is a training benefit for NTUC members to defray their cost of training. This benefit is to encourage more NTUC members to go for skills upgrading.
NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2022.
*Unfunded course fee refers to the balance course fee payable after applicable government subsidy. This excludes GST, registration fees, misc. fees etc.
