Training Subsidies & Company Training Support
The Institute of Banking and Finance (IBF) Funding
IBF is the national accreditation and certification agency for financial industry competency in Singapore under the Skills Framework for Financial Services, which were developed in partnership with the industry. Individuals who complete the IBF-accredited skills training programmes and meet the relevant criteria may apply for IBF Certification.
Since 2018, IBF is the appointed programme manager for the administration of professional conversion programmes for the financial industry under Workforce Singapore. As programme manager, IBF will partner financial institutions to re-skill employees for expanded roles and opportunities in growth areas.
The IBF Financial Training Scheme (FTS) and the IBF Standards Training Scheme (IBF-STS) are targeted at promoting financial sector training. IBF is the Funding Administrator for both FTS and IBF-STS. Please see details of both schemes below.
(1) Enhanced Funding Support
for IBF-STS and IBF Credit
The IBF Standards Training Scheme ("IBF-STS") provides funding for training and assessment programmes accredited under the Skills Framework for Financial Services. IBF and MAS will enhance course fee subsidies for locals attending accredited or recognised courses up to 90%.
Singapore Citizens (21-39 years old) & PRs
- Eligible for 70% subsidy
Singapore Citizens (40 years old & above)
- Eligible for 90% co-funding of direct training costs. This existing scheme will also be expanded to include workers in eligible FinTech firms.
The Value Investing and Social Media Marketing courses listed on our website are eligible for the above-mentioned subsidies. Please contact us (WhatsApp link) to understand the total subsidies applicable to you and your out-of-pocket fees.
SkillsFuture is the Singapore government’s initiative to prepare Singaporeans for every stage of their career. SkillsFuture strengthens individual ownership of skills development and lifelong learning.
What is SkillsFuture credit?
SkillsFuture Credit (SFC) is course funding from the government available to Singaporeans 25 years old and above. With effect from January 1, 2016, Singaporeans aged 25 and above will receive an opening credit of $500 dollars to use for work-related courses.
On 18 February 2020, the Government announced a one-off SkillsFuture Credit top-up of $500 for all Singaporeans aged 25 and above in 2020. The top-up will be effective from 1 October 2020.
Ages 25 and above
$500 dollars Credit (No Expiry)
Singaporean Citizens Only
Choose from about 10,000 approved skills-related course
Selected courses offered by (MOE)-funded institutions
SkillsFuture Credit is administered by WDA
To learn more, visit SkillsFuture Credit website to view the official list of FAQs.
How do I check my SFC balance?
Your SkillsFuture Credit (SFC) balance can be used to pay for out-of-pocket fees for attending SkillsFuture accredited courses. The SFC may be used together with existing course fee subsidies provided by the Government.
To check your SkillsFuture credit balance, please login your singpass via https://www.myskillsfuture.gov.sg or call this SkillsFuture Credit Hotline 67855785
SkillsFuture Call Centre Operating Hours
Mondays To Fridays : 8.30 am to 5.30 pm
Saturdays : 8.30 am to 1.00 pm
Closed on Sun & Public Holidays
How do I use my IBF subsidy and SFC to pay for courses listed on Wealth Design Studio's website?
Claim Course Fee Subsidies
For Singaporeans and PRs eligible for course fee subsidies, the training provider will make a claim submission for you after your course completion. You do not need to submit any claims to IBF (Institute of Banking and Finance) on your own. Click here for find out more about IBF Standard Training Scheme
SkillsFuture Credit Eligible
You must make your SFC claim through the SkillsFuture Portal. The training provider will provide the necessary documents for you to process your own claim after you have enrolled in the online course.