SkillsFuture Credit

Published Date: 09 January 2017 12:00 AM

News Parliamentary Replies

Name and Constituency of Member of Parliament

Mr Melvin Yong, Tanjong Pagar GRC

Question

To ask the Minister for Education (Higher Education and Skills) (a) what is the breakdown in utilisation rate of SkillsFuture Credits according to the different age groups; and (b) whether the Ministry will consider allowing elderly citizens to transfer their credits to their younger immediate family members for skills upgrading.

Response

1. Since the launch of the SkillsFuture Credit one year ago, more than 126,000 Singaporean Citizens have used their SkillsFuture Credit. There is a good spread across the different age bands, as shown in Table 1.

Table1: Breakdown of Singaporeans who have used their SkillsFuture Credit, according to age band

Age band Breakdown of Singaporeans who have used their SkillsFuture Credit
25 to 29 years 16%
30 to 39 years 21%
40 to 49 years 19%
50 to 59 years 21%
60 years and above 23%
Total 100%

2. The objective of the SkillsFuture Credit scheme is to send a strong signal to adult Singaporean Citizens to take charge of their own learning journey. This is an objective that is relevant to every Singaporean Citizen, whether young or old. Making the SkillsFuture Credit transferrable will undermine this objective. Hence, it is not transferrable.

Share this article: