FTS Eligible

FTS Eligible


FTS - Eligible

This programme is recognised under the Financial Training Scheme (FTS) and is eligible for FTS claims subject to all eligibility criteria being met.

Please note that in no way does this represent an endorsement of the quality of the training provider and programme. Participants are advised to assess the suitability of the programme and its relevance to participants’ business activities or job roles.

The FTS is available to eligible entities based on the prevalent funding eligibility, quantum and caps. FTS claims may only be made for recognised programmes with specified validity period.

Please refer to www.ibf.org.sg for more information.

Who is Eligible?

Company-Sponsored participants are required to be

  • Singapore Citizens or
  • Permanent Residents, physically based in Singapore
  • and who have successfully completed a FTS programme
What is Company sponsors?

Company sponsors refer to

  • Financial Institutions regulated by MAS (either licensed or exempted from licensing).
  • Entities that are significantly involved in supporting financial sector activities will be assessed for eligibility on a case-by-case basis.
What it covers?
  • The FTS provides 50% funding for direct training costs subject to cap of S$2,000 per participant per programme.
  • Singapore Citizens aged 40 years old and above will be eligible for 90% co-funding of direct training costs, subject to existing grant caps of S$2,000 per programme. 

* Direct training cost would be based on the programme fee charged by the external training provider or apportioned basic salaries of internal staff involved in developing and/ or delivering in-house programmes.

* The above information was taken from the IBF website, Info Note for Training Incentives, Version 3 July 2018 - https://www.ibf.org.sg/programmes/Documents/Info%20Note%20for%20Training%20Incentives%20v3%20(Updated%20July%202018).pdf