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How to Use Your SkillsFuture Credits for Career Development

by | Oct 17, 2023

Have you wondered how to use your SkillsFuture Credits? This credit system is designed to make courses more affordable to ensure that everybody has opportunities to learn new skills and grow. 

In this simple guide, we will be sharing more about effectively using your SkillsFuture credits. Find out what it is, the courses available, and how to start your learning journey! Don’t let your credits go to waste, discover the path to learning new skills. Your brighter future awaits with SkillsFuture Credits!

What are SkillsFuture Credits? 

SkillsFuture Credits are a government initiative in Singapore. They encourage lifelong learning among residents. Started in 2015, every Singaporean aged 25 and above received an opening credit of S$500. Additionally, to encourage Singaporeans to take action in up-skilling, a one-off SkillsFuture Credit top-up of $500 was provided to the same age group as at 31 December 2020. An additional one-off SkillsFuture Credits of $500 was given to every Singaporean citizen between the ages of 40 and 60 for Mid-Career Support.
This credit is for paying for various approved courses to enhance skills and career prospects. The additional credits expire after 31 December 2025, while the opening credits do not expire. You can use these credits to easily and affordably gain new knowledge and skills. This will help you to position yourself for success in the evolving job market. It’s all about empowering your career and personal growth for a future full of possibilities.

How to use my SkillsFuture Credits

1. Go to the MySkillsFuture website

2. Log into your account securely using SingPass

3. Under “View Courses”, there are many areas of training available. You can take your pick on which course interests you.

4. Once you have chosen the course of interest, they will provide you with the link to the training provider’s website.

5. Apply on their website directly.

Benefits of Using Your SkillsFuture Credit

1. Affordable learning – By using your credits to pay or offset the balance, it makes the courses more affordable and accessible. If you don’t make good use of the credits, most of the credits would just expire after 31 December 2025.

2. Enhanced career opportunities – You can improve your skills and qualifications for future job prospects and career advancements.

3. Government-supported initiative – Benefit from a government-supported programme aimed at promoting up-skilling and lifelong learning.

4. Adapting to industry changes – You get to stay ahead by learning the latest trends, technologies, and skills required in the evolving job market.

What courses should I take?

There are many courses available catering to different industries and roles. Whether you are venturing into the tech world or exploring creative fields, there’s a specialised course for every need. Courses provide focused, intensive training, aligning with industry standards and demands.

There are many online courses at Vertical Institute that you can take such as:

1. Data Analytics

Data Analytics is an integral part of every business in Singapore. To thrive in today’s business landscape, it is crucial to learn how to leverage data to make critical business decisions. Learn tools like Excel, SQL and Tableau to analyse big data and create dashboards and visualisations to share your findings

2. Cybersecurity

With increasing cyber crimes in Singapore, the need for cybersecurity awareness and skill sets is higher than ever. Learn more about online security, risk management, cyber security regulations and many more.

3. Digital Marketing

Digital Marketing is now an integral part of every business. To thrive in today’s business landscape, it is crucial to learn how to leverage digital marketing to drive business performance. Participants will gain skills in SEO, SEM, paid social strategies (Facebook / Instagram / TikTok), email marketing, and much more.

4. UX Design

Building a digital presence is becoming increasingly important for various organisations. By having attractive and user-friendly interfaces, it improves customer satisfaction and retention. That is why UI/UX Design skills are in extremely high demand in Singapore today. UX Designers create intuitive digital experiences and user journeys using creative thinking and data-driven research.

5. Blockchain

Blockchain technology and cryptocurrencies are revolutionary changes to the financial services industry and global economy. As digital transformation accelerates, it is crucial to equip ourselves with blockchain knowledge to adapt with technological advancements. If you are interested in learning more about Blockchain and Cryptocurrency, then this course is for you.

6. Advanced Data Analytics

As the importance of big data grows, companies are increasingly relying on skilled data analysts who are proficient in advanced analytics tools to help derive actionable insights, making accurate predictions, and facilitating informed decision-making for stakeholders. If you already know the basics of Data Analytics, then you can take one step ahead and join this instead!

Learn, Connect and Grow

All of the courses are beginner-friendly, with the exception of the Advanced Data Analytics course, and you can get certified in these courses in just 21 hours! The instructors are all industry experts and you will be able to get personal feedback from them with free 1-on-1 consultations.

You’ll be exposed to new concepts and tools through these expert-led lectures, discussions, assignments and project work. Not forgetting how you would be able to put these new learnt skills to use by creating a capstone project solving a real-world data problem.

Subsequently, you can be a part of the Vertical Institute community where members can leverage on their connections with alumni, instructors and experts, while also having dedicated career support and potentially matching with hiring partners.

Are there other subsidies?

Eligible Singaporeans & PRs can obtain up to 70% funding support for our IBF-accredited courses, and Singaporeans aged 25 and above may use their SkillsFuture credits to offset the remaining balance. Alternatively, NTUC Union members can also use their UTAP Funding to offset 50% of the unfunded course fees, capped at $250/year. 

Seize the opportunity

After learning how to use your SkillsFuture Credits, and looking to attend online courses. Vertical Institute is a great place to attend tech bootcamps. You can get certified in these courses in just 21 hours and all classes are online which makes learning flexible.

Here’s what one of our student said about our courses, according to Melissa Chua:

“I enjoyed my experience at Vertical Institute, I learned a lot, and it was flexible to my schedule. The curriculum is exactly what students need as their stepping stone into a good career. I’m very proud of the work I did and am excited for a new career!”

About Vertical Institute

Vertical Institute prepares individuals for the jobs of tomorrow. We specialise in teaching in-demand skills, building the next generation of changemakers and inventors through our world-class tech courses and certifications. 

Vertical Institute is accredited as an Approved Training Organisation (ATO) by SkillsFuture Singapore (SSG) and The Institute of Banking & Finance Singapore (IBF).

Singaporeans and PRs can receive up to 70% IBF Funding off their course fees with Vertical Institute. The remaining fees can be claimable with SkillsFuture Credits or NTUC UTAP Funding.

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