Skills Development Fund (SDF) | Workforce Development Agency (WDA) Funding


The Skills Development Fund (SDF) was established in October 1979 with the institution of the Skills Development Levy (SDL) Act with the primary objective of encouraging employers to invest in skills upgrading of the workforce. From around 2010, the SDF is known as WDA Funding. Courses need to be registered and pre-approved by WDA before individuals or companies apply for funding.

The SDF does this by offering assistance as an incentive to companies to mount training programmes for employees. Incentives are offered on the basis of a cost-sharing principle and the training must be relevant to the economic development of Singapore. The amount of incentives that a company can obtain is not tied to the levy contribution.

NTUC - SEP FUNDING

In order to be eligible for funding, union members must register at NTUC Centre and approved by NTUC before course commencement.

NTUC will issue an approval letter to members to pay the subsidised course fees at FTMSGlobal once the funding is approved.

Training allowance under NTUC-SEP for Lower Income Union Members Training. Additional incentives are also provided to the lower income union members to make training more affordable.

Lower Income Union Members who are taking the NTUC-SEP programme will be eligible for a training allowance of S45 per hour based on the number of actual course attended. (Terms and Conditions apply.)

TERMS OF SDF ASSISTANCE

  1. Mode of payment: Cheque (NTUC-SEP and Company sponsored), Others (Mendaki-SEP)
  2. Attaining at least 75% attendance and sit for all prescribed examinations not exceeding the End Date stated above
  3. Upon completion of the course, submit all relevant documents (copy of receipt, exam results and/or exam docket)
  4. Student must comply with terms and conditions of the SDF Scheme.  Failure to comply will result in subsidy not being granted to the student thereby making him liable to pay the balance of the course fee to FTMSGlobal.

Forms to be submitted together with SDF-assisted enrolment form

  1. MENDAKI-SEP: Form 1 (Version Q), SEP (Yellow form), photocopy of NRIC, current payslip and letter of employment
  2. Submission deadline: Two (2) weeks before the month of the intake
  3. NTUC-SEP: Copy of approval letter from NTUC
  4. Company sponsored: SDFEasynet approval

ACADEMIC COURSES

with SDF assistance/ WDA Funding

HOSPITALITY

Course Fee

SDF Assistance

S$7/hour

w/o GST

Balance Payment Fee + GST *

w/ GST

w/o GST

Diploma in Hotel Management (CTH, UK)

S$7500

S$7009.35

S$3150

S$3859.35 + S$490.65 =

S$4350

DIPLOMA

Course Fee

SDF Assistance

50%

w/o GST

Balance Payment Fee + GST

w/ GST

w/o GST

Diploma in Accounting & Finance

S$6204

S$5798.13

S$2899.07

S$2899.06 + S$405.87 =

S$3304.93

Diploma in Business Administration

S$6204

S$5798.13

S$2899.07

S$2899.06 + S$405.87 =

S$3304.93

Diploma in Computer Science

S$6204

S$5798.13

S$2899.07

S$2899.06 + S$405.87 =

S$3304.93

Diploma in Business Information Technology

S$6204

S$5798.13

S$2899.07

S$2899.06 + S$405.87 =

S$3304.93

 

CIMA Certificate in Business Accounting

with SDF assistance

CIMA Certificate in Business Accounting

Course Fee

(excl. GST)

SDF Assistance (S$7/hour) w/o GST

Balance Payment Fee + GST *

w/ GST

w/o GST

C01 Fundamentals of Management Accounting

S$3750

S$3504.67

S$1512.00

S$1992.67 + S$245.33=

S$2238

C02 Fundamentals of Financial Accounting

C03 Fundamentals of Business Mathematics

C04 Fundamentals of Business Economics

C05 Fundamentals of Ethics, Corporate Governance & Business Law

 

 

CAT

 

With SDF Assistance (Special Offer Discounts do not apply)

 

Modules

 

S$ Course Fees

 

80% SDF

w/o GST

S$ Balance

Payment

Fees + GST *

 

90% SDF

w/o GST

S$ Balance

Payment

Fees + GST *

 

w/ GST

w/o GST

   
 

INTRODUCTORY DIPLOMA

 

FA1 - Recording Financial Transactions

 

620

579.44

 

463.55

115.89 + 40.56 =

156.45

 

521.50

57.94 + 40.56 =

98.5

 

MA1 - Management Information

     
 

INTERMEDIATE DIPLOMA

 

FA2 - Maintaining Financial Records

 

760

710.28

 

568.22

142.06 + 49.72 =

191.78

 

639.25

71.03 + 49.72 =

120.75

 

MA2 - Maintaining Costs and Finance

     
 

ADVANCED - CORE & 2 OPTIONS

 

FAB - Accountant in Business

 

2275

(5 papers)

2126.17

(5 papers)

 

1700.94

425.23 + 148.83 =

574.06

 

1913.55

212.62 + 148.83 =

361.45

 

FFA - Financial Accounting

     
 

FMA - Management Accounting

     
 

FAU - Foundations in Audit

     
 

FTX - Foundations in Taxation

     
 

FFM - Foundations in Financial Management

     

 

To get to know more about the available funding for our Foundations In Accountancy (FIA) Suite's Diploma in Accounting and Business, please click here.

For more details on Skills Developement Fund (SDF) Grant, please call our friendly staff or visit the WDA/SDF website at http://www.skillsconnect.gov.sg

Registration for WDA Seminar / Information Details

Registration for WDA Seminar / Information Details

If you want more information or would like to reserve a place and enjoy the promo discount, please fill in this form. You will be contacted as soon as possible.
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