Why 7 in 10 Singaporeans have yet to use S$500 SkillsFuture credit that expires end-2025
Why 7 in 10 Singaporeans have yet to use S$500 SkillsFuture credit that expires end-2025
In Singapore's bustling professional landscape, Randi Ang stands out as an exception. Unlike most of his peers, the 34-year-old data analyst has fully utilized his S$500 SkillsFuture credit to pivot from healthcare administration to the technology sector.
"It transformed my career trajectory," Ang shares, reflecting on how the course helped him transition from accounting to a tech role. His success story, however, highlights a worrying trend: seven in ten Singaporeans haven't touched their government-allocated credits, which expire at the end of 2025.
The Expiring Opportunity
SkillsFuture, Singapore's flagship lifelong learning initiative, provides every citizen aged 25 and above with annual credits to fund skill development. Designed to keep the workforce competitive in a rapidly evolving economy, the program represents a significant investment in human capital.
But as the 2025 deadline approaches, alarm bells are ringing. While Ang's experience demonstrates the program's potential impact, thousands of Singaporeans remain hesitant to utilize their credits. Interviews with learners reveal common barriers that prevent them from taking the first step.
Navigating the Maze
For many, the journey begins with frustration. "The course listings felt overwhelming," explains Sarah Lim, a marketing professional who's held onto her credits for three years. "It's like searching for a specific book in a library with no catalog system."
The SkillsFuture portal offers thousands of courses across diverse industries, but potential learners report difficulty finding options that match their specific needs. The process of filtering by duration, cost, and relevance often leaves users more confused than informed.
Beyond the Credit
Beyond the complexity of course selection, financial considerations often become roadblocks. While the S$500 credit covers substantial portions of many courses, some require additional co-payments. For working professionals juggling family commitments and tight budgets, these extra costs can be significant deterrents.
"I found courses that were perfect for my career goals, but the S$200 co-payment was too much alongside my mortgage and childcare expenses," shares Raj Kumar, a 41-year-old project manager. "The credit helps, but it doesn't solve the entire financial equation."
The Human Cost of Inaction
Behind the statistics lie personal stories of missed opportunities. SkillsFuture credits represent more than just government funding—they're a chance for personal reinvention, career advancement, or pursuing long-deferred passions.
"Every month I delay using my credit feels like a month of standing still," says teacher Mei Lin. "In my field, new teaching methodologies emerge constantly. Not updating my skills means I'm not giving my students the best possible education."
As the expiry date approaches, the pressure mounts. For Randi Ang, the investment paid dividends in career satisfaction. For others, the path to utilizing their credits remains clouded by uncertainty. The coming months will determine whether Singaporeans can collectively turn this opportunity into action before time runs out.