Why is the PSEA cut-off age brought forward from age 30 to age 25? What will happen to the money in my PSEA account?

Question

Accepted Answer

Currently, the age of closure for PSEA is still maintained at age 30 to allow individuals more time to plan their learning and use their PSEA balances to pay the fees of approved courses. There are no plans to shift the age of closure at the moment.

Why is the PSEA cut-off age brought forward from age 30 to age 25? What will happen to the money in my PSEA account?

Related questions

For Singapore citizens who turn 40 years old only after the course commencement period, are they still eligible for the funding support to pursue another full-time diploma?

Are Singapore Citizens who turn 25 years old after 1 January 2021 eligible for the One-Off SkillsFuture Credit (SFC) Top-Up?

Why is SkillsFuture Credit (SFC) only available to Singaporeans aged 25 and above?

Why is there an expiry date for the One-Off SkillsFuture Credit (SFC) Top-Up?