Modern Office

SKILLS FUTURE
ENTERPRISE CREDIT

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.

SAVE MORE!

Get additional subsidy for on top of 80% PSG grant (about 18% more)

Package Price* 
Less: PSG (80%)
Net Payable after PSG

5,000

- 4,000

1,000

Less: SFEC (90%)

-900

Net Payable after PSG and SFEC

100

*For illustration purposes only

WHO IS ELIGIBLE?

1

Contributed at least S$750 Skills Development Levy over the qualifying period from 1 January 2020 to 31 December 2020

2

Employed at least 3 Singapore Citizens or Permanent Residents every month over the same period

3

Have not been qualified at any of the earlier period

(1 April 2019 - 31 December 2020)