How will the SkillsFuture Mid-Career Training Allowance be computed?
Individuals with income in the latest-available 12-months will qualify for the Training Allowance when they pursue full-time training. The monthly TA is computed at 50% of the individual’s average monthly income over the latest available 12-month period of income data in the Government’s records as of the course start date, with a minimum allowance of $300 and maximum allowance of $3,000. The Training Allowance allowance is fixed for the duration of the course.
Individuals aged 40 and above can access the SkillsFuture Mid-Career Training Allowance calculator on the MySkillsFuture website to get an estimate on the amount of Training Allowance they will receive.
This information is sourced from SKILLSFUTURE
Related questions
I received an email notification that my eligible SkillsFuture Mid-Career Training Allowance is $0. Why is this so?
If I am a returning Singaporean with overseas income, how will my SkillsFuture Mid-Career Training Allowance for full-time training be calculated?
The estimated SkillsFuture Mid-Career Training Allowance computed by the Training Allowance Calculator is $0. What does this mean?
Is there a validity period for the estimated SkillsFuture Mid-Career Training Allowance amount computed by the Training Allowance Calculator?
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