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S$500 to kick off each SkillsFuture account

Singaporeans aged 25 and older eligible; regular top-ups to follow

Lee U-Wen

Published Mon, Feb 23, 2015 · 09:50 PM

Singapore

FROM next year, every Singaporean aged 25 and up will have a personal SkillsFuture Credit account with an initial amount of S$500 to spend on education and training.

The credit can be used to pay for a range of government-supported courses, such as those offered by institutes of higher learning and accredited education and training providers, and the government will provide regular top-ups to this life-long account, which will not expire.

Finance Minister Tharman Shanmugaratnam was announcing the details of SkillsFuture, the na…