SkillsFuture credits expiring? Here's what you can do

Those who have not used their SkillsFuture credits expiring at the end of the year can still sign up for some courses, or buy one-year Re-allyLesson-Coursera subscriptions before their credits expire on Dec 31.

- Shermaine Ang

The $500 SkillsFuture Credit top-up issued to all Singaporeans aged 25 and above in 2020 will expire at the year end. To use this top-up, courses must start by Dec 31, 2025, and claims must be submitted by that date.

(ST PHOTO: LIM YAOHUI)

The subscriptions can be used for future courses.The one-off $500 SkillsFuture Credit top-up issued to all Singaporeans aged 25 and above in 2020 will expire at the end of the year. To use this top-up, courses must start by Dec 31, 2025, and claims must be submitted by that date.

Online course provider Coursera said its enrolments from Singapore have increased by 40 per cent since the online learning platform became eligible for SkillsFuture Credit in August 2024.

In response to queries from The Straits Times, Coursera said it saw enrolments more than double in November and December, compared with in September and October, suggesting a strong year-end push by learners to maximise their expiring SkillsFuture credits.

SkillsFuture Singapore had said about seven in 10 people had not yet used their credits as at September.

The onetime credit was issued to all Singaporeans aged 25 and above in 2020 to support their training and development during the Covid-19 pandemic.

It is separate from the base $500 in SkillsFuture credits that Singaporeans receive when they turn 25. Another $500 credit was given to those aged 40 to 60 as at Dec 31, 2020, as part of mid-career support. Neither of these credits will expire.

Similarly, on May 1, 2024, Singaporeans aged 40 and above were given an additional $4,000 credit. This new credit can be combined with any remaining mid-career credit previously given.