Singapore Budget 2015: Citizens aged 25 and above to get S$500 in SkillsFuture Credit from 2016

Lee U-Wen
Published Mon, Feb 23, 2015 · 08:13 AM

For more stories, analysis and infographics on Singapore Budget 2015, head to

ALL Singaporeans aged 25 and above will each get a SkillsFuture Credit of S$500 from 2016, said Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam on Monday.

This is an initial amount and the government will make further top-ups at regular intervals. The credits, which won't expire, can only be used for education and training.

The SkillsFuture Credit can be used for courses supported by government agencies, such as those offered by Institutes of Higher Learning and accredited education and training providers.

READ MORE: Focused on Singapore's future; CPF salary ceiling, contribution for older workers, to go up; Foreign worker levies' pace of increase to be refined

INFOGRAPHIC: Snapshot of the Singapore economy; What Budget 2015 may bring

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to



Get the latest coverage and full access to all BT premium content.


Browse corporate subscription here