What is SkillsFuture Enterprise Credit (SFEC)?
The SkillsFuture Enterprise Credit (SFEC) encourages employers to invest in enterprise transformation and capabilities of their employees.
Eligible employers will receive a one-off S$10,000 credit to cover up to 90% of out-of-pocket expenses on qualifying costs for supportable initiatives, over and above the support levels of existing schemes.
Get additional subsidy for on top of 80% PSG grant (about 18% more)
Less: PSG (80%)
Net Payable after PSG
Less: SFEC (90%)
Net Payable after PSG and SFEC
*For illustration purposes only
WHO IS ELIGIBLE?
Contributed at least S$750 Skills Development Levy over the qualifying period from 1 January 2020 to 31 December 2020
Employed at least 3 Singapore Citizens or Permanent Residents every month over the same period
Have not been qualified at any of the earlier period
(1 April 2019 - 31 December 2020)