When I make a claim, can I select which SkillsFuture Credit to use?
No, claims that are approved will be deducted from the available balances based on this pre-determined sequence:
a) First, from the time-limited one-off SkillsFuture Credit Top-up of $500 provided in 2020 to those 25 years and above. This allows individuals to utilise the top-up before it expires on 31 December 2025;
b) Followed by the SkillsFuture Credit (Mid-Career) top-up for courses that qualify for it; and
c) Lastly, the SkillsFuture Credit base tier of $500, which can be used on a wider range of programmes.
The SkillsFuture Credit (Mid-Career) and SkillsFuture Credit base tier do not expire.