Tap on to Government Funds For Your Training
Through the Skills Development Fund (SDF), employers can enjoy grants for staff training. Funding rates is S$2/hour. Employers will need to apply for course fee funding under www.skillsconnect.gov.sg for our courses.
Productivity and Innovation Credit (PIC)
Under the PIC Scheme, businesses can enjoy 400% tax deductions/allowances and/or 40% cash payout for investments made in any of the Six Qualifying Activities from the Years of Assessment (YAs) 2013 to 2018. Businesses may claim PIC benefits on costs incurred to provide training to employees. Training may refer to external training and in-house training.
Qualifying training costs include training for all employees. It does not matter whether they are local or foreign employees.
For more information, please visit the website under www.iras.gov.sg/irashome/PIcredit.aspx
You can use your credit to pay for or offset skills related course fees by applying for claim(s) starting January 2016. All Singaporeans aged 25 years old and above will be able to access their SkillsFuture Credit account and submit a claim via www.skillsfuture.sg/credit once they receive their account activation letter.
UTAP (Union Training Assistance Programme)
NTUC members enjoy 50% unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP (Union Training Assistance Programme). Terms and Conditions apply.
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