S$500 to kick off each SkillsFuture account

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.