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.
Less: PSG (50%)
Net Payable after PSG
You can claim 90% on the out of pocket expenses if you are eligible for SFEC.
SFEC Utilisation is capped at $7,000 for enterprise transformation programmes (e.g. PSG)
*For illustration purposes only
WHO IS ELIGIBLE?
1 Jan 2021 to 31 Dec 2021
Employed at least 3 Singapore Citizens or Permanent Residents every month over the same qualifying period
Have not been previously qualified at any of the earlier periods (1 Apr 2019 to 31 Dec 2020)
Are not in default of their SDL contributions during the qualifying period and do not have an inactive ACRA status during qualification.