Learning continues to be crucial for professional development, and professionals in Singapore have multiple financial assistance schemes at their disposal to enhance their skills. Two of the most prominent funding sources one can take advantage of are the Union Training Assistance Programme (UTAP) and SFC Certified Courses. Knowledge regarding these schemes will enable individuals to make the best possible decisions regarding their professional development while saving a significant amount of money.
The Union Training Assistance Programme UTAP is a program by the National Trades Union Congress (NTUC) aimed at assisting union members in their learning process. NTUC members are eligible to get up to 50% of course fees funded, with a limit of $250 annually, when they take up approved training courses. For members who are 40 years and older, the limit is raised to $500 annually, promoting lifelong learning and career development.
The SkillsFuture Credit SFC Certified Courses are recognized courses which Singaporeans are able to use their SkillsFuture Credit to subsidize the cost. All Singaporeans aged 25 and older are given a one-time $500 SkillsFuture Credit, and further top-ups are given on a regular basis. SFC-certified courses span across numerous industries such as technology, business management, healthcare, and digital marketing.
Most professional courses are eligible for both UTAP and SFC Certified Courses. With the use of both schemes, NTUC members can save considerable amounts on their training costs while acquiring useful skills. For instance, if a course is $1,000, you can use $500 of SkillsFuture Credit and then claim 50% of the balance using UTAP, so career advancement is very affordable.
Investing in life-long learning is paramount in today's rapidly changing workforce. With the Union Training Assistance Programme (UTAP) and participating in SFC Certified Courses, Singapore professionals can upgrade at low cost and boost their career advancement. Begin looking into eligible courses today and get moving on furthering your career!
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