Key Takeaways:
- Know the deadline: Submit final claims for eligible programmes and completed training courses by 30 November 2026.
- Check your balance: Unused credits will be forfeited when the current SFEC scheme expires, so businesses should review their remaining credits early.
- Plan your next steps: Identify eligible training courses, confirm claim requirements, and prepare the necessary documentation before the deadline.
With the SkillsFuture Enterprise Credit expiry deadline fast approaching, businesses have until 30 November 2026 to make the most of their remaining credits under the current scheme.
Whether you have yet to check your balance or are unsure how to use your credits, understanding the next steps can help you avoid missing out on available support for workforce development and business transformation.
When Is the SkillsFuture Enterprise Credit Deadline?
The SkillsFuture Enterprise Credit expiry date is 30 November 2026. Employers must submit final claims to the relevant agencies for eligible programmes they have successfully applied for or training courses they have completed by this date. From 1 December 2026, the redesigned SFEC will take effect, with further details to be announced.
If your business has unused credits, now is the time to review your options.
What Is SkillsFuture Enterprise Credit (SFEC) & Why is it Important?
SFEC is a one-off credit of up to $10,000 for eligible employers to support enterprise and workforce transformation. It can cover up to 90% of qualifying out-of-pocket expenses, on top of support from existing schemes. Businesses can use it for approved initiatives, including eligible training courses that help employees develop relevant workplace skills.
How to Check Your SkillsFuture Enterprise Credit Balance
Log in to the Business Grants Portal or the SkillsFuture for Business portal using your business account credentials to check your available credit. If you cannot locate your balance, check with your company’s CorpPass administrator or contact Enterprise Singapore for assistance.
What Happens to Unused SkillsFuture Enterprise Credit?
Unused SFEC credits will expire when the current scheme ends on 30 November 2026. They will not be reimbursed or carried forward automatically into the redesigned scheme. Checking your balance early gives you more time to identify eligible programmes and complete the necessary steps before the deadline.
What You Can Do Now With Your Unused Credits?
Consider whether your business could benefit from workforce training or other approved transformation initiatives. For example, identifying gaps in digital skills, data analysis, or leadership capabilities can help you choose training that supports your business goals rather than rushing into a course simply to use the credits.
How to Claim and Use Your SFEC Credits
SFEC does not require a separate application for initial eligibility. Eligible employers were notified by Enterprise Singapore, and credits are applied to qualifying programmes through the relevant claim process.
For eligible training courses, payment must be made by the employer, and the invoice must be issued to the employer rather than the employee. Follow the relevant agency’s instructions and submit the final claim by 30 November 2026. Approved credits are disbursed quarterly to the employer’s registered GIRO account or PayNow Corporate account.
How to Access Your SkillsFuture Enterprise Credit Employer Account
Use your company’s authorised credentials to access the Business Grants Portal or SkillsFuture for Business portal. Your CorpPass administrator can help with account access and permissions. If you need to check claim details or confirm your balance, use the portal relevant to your programme.
Is SkillsFuture Enterprise Credit Taxable?
Yes. According to IRAS, SFEC payouts are taxable because they help defray companies’ operating costs. Businesses should account for the payout appropriately and consult their accountant or tax adviser if they need clarification on their tax reporting obligations.
What Courses Can You Use SkillsFuture Enterprise Credit For?
Not every training course automatically qualifies for SFEC. Before enrolling, check the official list of eligible courses on the SkillsFuture website and confirm that your business meets the relevant requirements. For those that are indeed eligible, browse from our collection of training options across certified WSQ courses, more compact options in our short SkillsFuture courses, or even our top-rated SkillsFuture for Digital Workplace 2.0 courses, perfect for learners looking to get a broad scope of countless digital tools spanning data analytics and generative AI, applicable across industries. Use these categories to explore possible options, but ensure to verify each course’s SFEC eligibility before committing.
What Should Businesses Do Before the SFEC Expiry Date?
Start by checking your remaining balance, identifying suitable eligible programmes, and confirming the relevant claim requirements. Allow enough time to complete training and prepare documentation, as applicable, rather than leaving everything until the final week.
Ready to invest in your team’s skills? Make the most of your credits and explore JCI’s training options and plan your next steps before the SFEC deadline.