Government Support to Enhance Lifelong Learning and Upskilling for Older Singaporeans
In an effort to support lifelong learning and upskilling for Singaporeans aged 40 and above, the government is introducing the SkillsFuture Level-Up Programme, which includes a S$4,000 SkillsFuture Credit top-up. This top-up, to be disbursed in May 2024, will be available to those turning 40, on top of the existing S$500 credit that supports a wide range of courses.
The new credit will be specifically allocated for training programmes that lead to better employability outcomes, such as part-time and full-time diplomas, post-diplomas, and undergraduate courses, as well as courses related to sectors under the Progressive Wage Model.
Furthermore, Singaporeans aged 40 and above will receive full government subsidies for pursuing a second diploma at polytechnics, the Institute of Technical Education (ITE), and arts institutions, starting from the 2025 academic year.
Additionally, these individuals can receive a monthly training allowance when enrolled in certain full-time courses. The allowance will match their average income from the past 12 months, capped at S$3,000. The training allowance can be claimed for up to 24 months over a lifetime.
