Side Hustle Success with SkillsFuture Credits: Benefits and Eligibility
Side Hustle Success with SkillsFuture Credits: Benefits and Eligibility
You can get paid to start your side hustle?!
Side hustles are taken up to supplement an individual’s income. Primarily, side hustles are taken up to help individuals make ends meet, accelerate growth in their savings, or just for the fun of it!
Many of the most popular side hustles today didn't exist in pre-internet times. Technology has removed a lot of the barriers to entry for part-time work.
Singaporeans can get paid to take up a side hustle through the SkillsFuture Singapore programme!
Get Help Starting a Side Hustle
SkillsFuture Singapore (SSG) is a government-led initiative. It aims to help Singaporeans update their skills at any stage in their lives, allowing them to become/remain relevant and productive.
The SkillsFuture scheme has been in place since 2015, aiming to build a culture of skills development and lifelong learning. So far, the scheme has been popular, with over 540,000 Singaporeans benefitting from it in 2020. Learning skills no matter where you are in life is key to a dynamic side hustle community!
SkillsFuture Credit
For ALL Singaporeans or PRs aged 25 or over
Start with a $500 opening credit
No expiry date
SkillsFuture Credit Top-Up
As of October 2020, the scheme is for ALL Singaporean or PR aged 25 or over by 31st Dec 2020
One-off $500 credit top-up
Claimable for all SkillsFuture Credit-eligible courses
For ALL Singaporeans or PR aged 40 to 60 years by 31st Dec 2020
Extra one-off $500
Claimable for the following SkillsFuture Credit-eligible courses: SGUnited Skills Programme, SGUnited Mid-Career Pathways Programme – Company Training, and Career Transition Programmes, courses administered by SSG-appointed CET centre courses, courses that carry out training requirements for Progressive Wage Model sectors, the Institute of Higher Learning's complete qualification programmes.
Selected courses provided by Ministry of Education (MOE) funded institutions
Public agency-supported courses
SkillsFuture@PA courses provided by the People’s Association
Courses provided by the Infocommunications Media Development Authority of Singapore (IMDA)’s Silver Infocomm Junctions
Selected courses under National Silver Academy
Find out more about the SkillsFuture Program Here.
Getting Paid to Take up a Side Hustle
If you're self-employed, you can benefit from the NTUC Training Fund for select courses, such as real estate, media, arts, and tourism. This provides you with an opportunity to earn up to $11/hour to take up a side hustle. On top of the allowance, the courses are eligible for subsidised fees and SkillsFuture Credit.
The Bottom Line
There are lots of reasons to have a side hustle in Singapore and lots of ways to go about it. Opportunities are out there, but you’ll need to put in the work to find out the types of side hustle that you could take on – not everybody can manage a side hustle.
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