Singapore SkillsFuture Enterprise Credit SFEC Checker and Calculator 2026 — S$7,000 Enterprise Transformation Cap on BGP Grants Like PSG and EDG, Full S$10,000 Workforce Training Bucket, SSG Subsidy Plus SFEC 90% Triple-Stack Net Cost, 30 November 2026 Claim Deadline Countdown and Redesigned EWTP Credit Guide for Singapore SME Employers

THE SKILLSFUTURE ENTERPRISE CREDIT (SFEC) IS A ONE-OFF S$10,000 CREDIT GIVEN TO ELIGIBLE SINGAPORE EMPLOYERS TO OFFSET THE COST OF WORKFORCE TRANSFORMATION AND ENTERPRISE TRANSFORMATION PROGRAMMES. Administered jointly by Enterprise Singapore and SkillsFuture Singapore (SSG), the SFEC was introduced to encourage employers to invest in digitalisation, workforce upskilling, and business capability transformation. HOW SFEC WORKS — THREE KEY FACTS: (1) REIMBURSEMENT, NOT ADVANCE: SFEC is not a cash payment upfront. The employer completes and pays for a qualifying programme or grant, then claims SFEC reimbursement from the credit balance. The SFEC reimburses up to 90% of the employer out-of-pocket cost after existing subsidies (PSG, EDG, SSG subsidies). (2) AUTOMATIC — NO APPLICATION NEEDED: Eligible employers were automatically notified by EnterpriseSG via email to the registered CorpPass administrator. There is no separate SFEC application form. The credit is applied automatically when you claim SFEC-supportable programmes on the Business Grants Portal (BGP) or SkillsFuture for Business portal. (3) TWO TRACKS: Enterprise Transformation (capped at S$7,000) and Workforce Transformation (up to the full S$10,000 minus Enterprise usage). CURRENT STATUS: The current SFEC scheme expires 30 November 2026. All claims must be submitted by this date. Unused credit is permanently forfeited. The redesigned SFEC under the Enterprise Workforce Transformation Package (EWTP) with a fresh S$10,000 begins 1 December 2026.

THE S$7,000 CAP ON ENTERPRISE TRANSFORMATION IS THE MOST COMMONLY MISUNDERSTOOD ASPECT OF THE SFEC SCHEME AND CAUSES MANY SINGAPORE EMPLOYERS TO MISCALCULATE THEIR EXPECTED REIMBURSEMENT. THE RULE: Of the total S$10,000 SFEC credit, a maximum of S$7,000 can be used for Enterprise Transformation programmes (BGP schemes like PSG, EDG, and MRA). The remaining S$3,000 is ring-fenced specifically for Workforce Transformation (training courses, Career Conversion Programmes, job redesign initiatives). WHY THIS CAP EXISTS: EnterpriseSG introduced this split to prevent employers from using the entire SFEC on technology grants alone (PSG/EDG), while ignoring the people-development side of transformation. The S$3,000 ring-fence ensures every eligible employer also invests in workforce upskilling, not just software and systems. THE PRACTICAL IMPACT: An employer running a PSG project (software adoption at S$40,000): PSG covers S$20,000 (50%). Employer out-of-pocket: S$20,000. SFEC 90% of S$20,000 = S$18,000 — BUT capped at S$7,000. Actual Enterprise SFEC: S$7,000 (not S$18,000). The employer commonly expects S$18,000 in SFEC but actually receives S$7,000. HOW TO MAXIMISE SFEC: Use the S$7,000 Enterprise bucket on your largest BGP grant project. Use the remaining S$3,000+ Workforce bucket on SSG-approved training courses for your employees — these can often be heavily subsidised (70% for SMEs), making the out-of-pocket very small and SFEC coverage (90% of that small amount) very efficient.

THE ENTERPRISE TRANSFORMATION TRACK COVERS SFEC-SUPPORTABLE PROGRAMMES HOSTED ON THE BUSINESS GRANTS PORTAL (BGP) AT BUSINESSGRANTS.GOV.SG. QUALIFYING ENTERPRISE TRANSFORMATION PROGRAMMES (SFEC CAPPED AT S$7,000 TOTAL): PSG — Productivity Solutions Grant: Pre-approved IT solutions and equipment (50% co-funding). SFEC covers 90% of the employer 50% co-payment, up to the S$7,000 Enterprise cap. EDG — Enterprise Development Grant: Custom transformation projects (50% for SMEs, 30% for non-SMEs). SFEC covers 90% of the employer co-payment, subject to the S$7,000 cap. MRA — Market Readiness Assistance Grant: Overseas market entry support (50% for SMEs). SFEC covers 90% of employer co-payment, subject to the S$7,000 cap. JR — PSG-Job Redesign: Consultancy for job redesign around technology adoption. Job redesign consultancy under BGP may fall under Enterprise Transformation and consume the S$7,000 cap. IMPORTANT: The employer must first receive approval and complete the base BGP programme (get the Letter of Offer, complete the project, submit the grant claim). Only after the base BGP grant claim is approved does the SFEC auto-calculate and disburse. You cannot claim SFEC on a BGP programme that has not been approved or completed. STACKING ORDER: (1) Apply and complete BGP programme. (2) BGP base grant (PSG/EDG) pays 50% first. (3) SFEC automatically reimburses 90% of your remaining 50% co-payment, subject to the S$7,000 Enterprise cap.

THE WORKFORCE TRANSFORMATION TRACK ALLOWS THE FULL S$10,000 SFEC CREDIT (MINUS WHATEVER WAS USED FOR ENTERPRISE TRANSFORMATION) TO BE APPLIED TO QUALIFYING TRAINING AND PEOPLE-DEVELOPMENT PROGRAMMES. QUALIFYING WORKFORCE TRANSFORMATION PROGRAMMES (NO SUB-CAP — UP TO REMAINING SFEC BALANCE): WSQ Courses — Workforce Skills Qualifications: Any approved WSQ course from SSG-registered training providers. Covers digital marketing, data analytics, financial accounting, leadership, customer experience, supply chain, cybersecurity, and hundreds of other topics. SSG subsidises 70% for SMEs (or 90% for mature workers aged 40+), and SFEC covers 90% of the remaining 30% (or 10%). Career Conversion Programmes (CCPs) — from Workforce Singapore (WSG): These programmes reskill mid-career workers into new roles. Employer salary support co-payment and training fees both qualify. Job Redesign — WSG Job Redesign initiatives: Implementation support for redesigning roles around new technology. The employer co-payment for WSG job redesign advisory qualifies. NOT QUALIFYING FOR SFEC WORKFORCE TRACK: Generic in-house training designed by internal HR without an approved training partner. Courses not on the SSG course listing at skillsfuture.gov.sg. Non-approved training providers. Foreign employees on Work Permits, S Passes, or Employment Passes (different claim process — employer must submit directly via SkillsFuture for Business, unlike Singapore Citizens and PRs where the training provider handles the submission). HOW SSG SUBSIDY AND SFEC STACK: SSG subsidises first (70% for SME, 90% for mature worker). SFEC then covers 90% of remaining employer co-payment. A S$3,000 WSQ course: SSG covers 70% = S$2,100. Employer co-payment: S$900. SFEC (90% of S$900): S$810. Employer final cost: S$90 (3% of original).

THERE ARE THREE WAYS TO CHECK YOUR SFEC BALANCE AND ELIGIBILITY IN SINGAPORE IN 2026: METHOD 1 — BUSINESS GRANTS PORTAL (BGP): Log in to businessgrants.gov.sg with your CorpPass account (with “BGP_Access” role). Navigate to My Grants. If your company is eligible, you will see the SFEC S$10,000 credit balance displayed. You can see the balance allocated to Enterprise Transformation (up to S$7,000) and Workforce Transformation (remaining). METHOD 2 — SKILLSFUTURE FOR BUSINESS PORTAL: Log in to the SkillsFuture for Business page at sfec.skillsfuture.gov.sg using your CorpPass account with “EPJS_User” role. This portal is specifically for SFEC claims on training and workforce transformation programmes. The portal shows your SFEC claim history and remaining balance for the Workforce Transformation track. METHOD 3 — CONTACT ENTERPRISESG: Call EnterpriseSG at 6898 1800 (Monday to Friday, 8am to 6pm) or submit an enquiry via their online portal. Provide your UEN and CorpPass administrator details for verification. ELIGIBILITY CHECK: If you are unsure whether your company was eligible for SFEC, check whether your registered CorpPass administrator received an eligibility notification email from EnterpriseSG. If yes, your company is eligible. If you cannot find the notification, call EnterpriseSG to confirm eligibility using your UEN. NOTE: Not all Singapore employers received SFEC. Eligibility was based on qualifying periods (contributing SDL and having minimum local employee headcount). Companies incorporated after 2022 may not have qualified for the current SFEC. They may qualify for the redesigned SFEC (EWTP) starting 1 December 2026.

THE SFEC DISBURSEMENT IS CALCULATED BASED ON THE OUT-OF-POCKET COST INCURRED BY THE EMPLOYER AFTER SUBTRACTING THE BASE GRANT AMOUNT. THE COMPUTATION FORMULA: SFEC = 90% x [Qualifying Cost — Base Grant Amount]. Example for PSG: Total PSG project cost: S$20,000. PSG grant (50%): S$10,000. Employer out-of-pocket: S$10,000. SFEC (90% of S$10,000): S$9,000. BUT Enterprise cap applies: S$7,000 maximum for Enterprise Transformation. Actual SFEC disbursed: S$7,000. Example for WSQ Training: Training course fee: S$3,000. SSG subsidy (70% for SME): S$2,100. Employer co-payment: S$900. SFEC (90% of S$900): S$810. This is under the Workforce track — no sub-cap applies. SFEC disbursed: S$810. DISBURSEMENT TIMELINE: After the base programme claim is approved by the respective agency (EnterpriseSG for BGP programmes, SSG for training), the SFEC credit is automatically calculated and disbursed separately. SFEC disbursements are made quarterly. The employer will receive an email notification to the CorpPass administrator when SFEC has been disbursed. PAYMENT METHOD: PayNow Corporate (tagged “SFEC”) or GIRO (“SkillsFuture Enterprise Credit”). The employer does not need to take any additional action to receive SFEC — it is auto-processed after base claim approval. RECORD KEEPING: Always keep: Tax invoices from vendors or training providers (addressed to the company UEN), proof of payment (bank statement or GIRO receipt), course completion certificates or project completion evidence. These are needed for base grant claims, which trigger SFEC auto-disbursement.

UNUSED SFEC CREDIT AT 30 NOVEMBER 2026 IS PERMANENTLY FORFEITED AND CANNOT BE RECOVERED UNDER THE CURRENT SCHEME. THE CONSEQUENCES OF NOT USING YOUR SFEC BY 30 NOVEMBER 2026: All unclaimed SFEC balance (whether S$1,000 or the full S$10,000) disappears permanently. There is no grace period, no extension, no rollover to the redesigned SFEC. The S$10,000 you receive from the redesigned SFEC (EWTP) starting 1 December 2026 is a completely fresh credit — unrelated to the unused current SFEC. If you have S$8,000 of current SFEC unused and the deadline passes, you lose S$8,000 permanently and start fresh with S$10,000 under EWTP. WHAT YOU CAN DO BEFORE 30 NOVEMBER 2026: Enrol employees in SSG WSQ courses (the fastest way to consume Workforce SFEC). Apply for and complete a PSG solution (fastest BGP route for Enterprise SFEC). Check with your training providers to confirm their course end dates fall on or before 30 November 2026. Submit all outstanding claims for PSG, EDG, or MRA projects that have been completed but not yet claimed. WHAT COUNTS FOR THE DEADLINE: For Enterprise Transformation (BGP): The base grant claim (PSG/EDG claim) must be submitted and approved, and SFEC auto-disbursement will follow in the next quarterly cycle. For Workforce Transformation (training): The final day of training must be on or before 30 November 2026. SFEC claims for training must then be submitted. URGENCY: As of 1 July 2026, there are approximately 152 days to the deadline. Singapore SMEs with S$5,000 to S$10,000 of unused SFEC should immediately identify qualifying programmes and enroll before it is too late.

YES — SFEC IS DESIGNED TO STACK WITH EXISTING GRANTS AND SUBSIDIES. THIS IS WHERE THE BIGGEST COST SAVINGS ARE. THE STACKING ORDER FOR ENTERPRISE TRANSFORMATION (PSG EXAMPLE): Step 1: PSG covers 50% of approved solution cost. Step 2: SFEC covers 90% of the remaining 50% employer co-payment, capped at S$7,000 Enterprise bucket. Step 3: Net employer cost after PSG + SFEC can be as low as 5% of the original solution cost on smaller packages. THE STACKING ORDER FOR WORKFORCE TRANSFORMATION (TRAINING EXAMPLE): Step 1: SSG subsidy covers 70% (SME) or 90% (mature worker 40+) of course fee. Step 2: SFEC covers 90% of the remaining 30% or 10% employer co-payment. Step 3: Absentee Payroll (AP) claims cover the wage cost of the employee who is training, at S$4.50/hour for SC/PR workers up to S$100,000 per employee per year. Combined, training at near-zero employer cost is achievable: S$3,000 course for SME with 40+ year old employee. SSG subsidy 90% = S$2,700. Employer co-pay = S$300. SFEC 90% = S$270. Final employer cost = S$30. PLUS AP covers the salary time during training. WHICH GRANT APPLIES FIRST: The base grant (PSG, EDG, or SSG) always applies first. SFEC is applied to whatever the employer still owes after the base grant. This stacking order is fixed and automatic — you cannot choose to apply SFEC before PSG. SFEC CANNOT BE CLAIMED IF BASE GRANT NOT USED: If you pay full price for a solution without claiming any base grant, SFEC applies on 90% of the full price. But if you also qualify for PSG (50%), you should always claim PSG first — SFEC on top of PSG gives you more government support in total than SFEC on the full price alone.

THE REDESIGNED SKILLSFUTURE ENTERPRISE CREDIT WILL LAUNCH UNDER THE ENTERPRISE WORKFORCE TRANSFORMATION PACKAGE (EWTP) FROM 1 DECEMBER 2026. KEY FACTS ABOUT THE REDESIGNED SFEC UNDER EWTP: FRESH S$10,000: All qualifying employers will receive a fresh S$10,000 credit starting 1 December 2026. This is COMPLETELY SEPARATE from the current SFEC — unused current SFEC cannot be transferred. DIGITAL WALLET: The redesigned SFEC is expected to be delivered as a digital wallet credit (per official announcements from EnterpriseSG and SSG). SEPARATE PROGRAMMES: The list of EWTP-supportable programmes will be announced separately. It is expected to align with EWTP priorities, which focus on enterprise-workforce integrated transformation. NOT YET CONFIRMED: The exact eligible programmes, application process, Enterprise vs Workforce split, and credit validity period under EWTP have not been fully published as of mid-2026. Monitor enterprisesg.gov.sg and skillsfuture.gov.sg for EWTP launch announcements. WHAT TO DO NOW: Use your CURRENT SFEC before 30 November 2026 (do not leave money on the table). There is no benefit to saving current SFEC for EWTP — the redesigned credit is a SEPARATE S$10,000, not an extension of the current one. If you have S$6,000 unused SFEC, use it on qualifying programmes before 30 November, AND you will still receive the fresh S$10,000 under EWTP from 1 December. Missing the 30 November deadline means permanently losing the remaining current SFEC, while still getting the EWTP S$10,000 from December. This calculator will be updated with EWTP programme details when officially published.

NOT ALL SINGAPORE EMPLOYERS QUALIFY FOR THE CURRENT SFEC. HERE ARE THE CATEGORIES OF INELIGIBLE EMPLOYERS: (1) GOVERNMENT AGENCIES AND SUBSIDIARIES: Statutory boards, government ministries, and companies in which the government holds a majority stake are explicitly excluded from the current SFEC. (2) NEWLY INCORPORATED COMPANIES AFTER 2022: The qualifying periods for the current SFEC closed by end-2022. Companies incorporated after the qualifying assessment window closed have not yet qualified for the current SFEC scheme. These companies will need to wait for the redesigned SFEC (EWTP) starting 1 December 2026, which will have its own fresh eligibility assessment period. (3) COMPANIES THAT DID NOT CONTRIBUTE MINIMUM SDL: One of the qualifying criteria for the current SFEC was contributing at least S$750 in Skills Development Levy (SDL) during the qualifying period. Companies that were inactive, had no local employees, or had very low payroll during the qualifying window may not have met this threshold. (4) COMPANIES WITHOUT MINIMUM LOCAL HEADCOUNT: Qualifying companies needed to have employed at least 3 Singapore Citizens or Permanent Residents every month with CPF contributions during the qualifying period. (5) FOREIGN MULTINATIONALS AND SGX-LISTED PARENT COMPANIES: Some restrictions apply to subsidiaries of foreign multinationals or Singapore Exchange-listed parent companies for specific SFEC-supported programmes. However, the base SFEC eligibility check at gobusiness.gov.sg using CorpPass returns a definitive answer for each UEN. HOW TO CONFIRM: Log in to BGP or SkillsFuture for Business with CorpPass. If SFEC credit is visible, you are eligible. If not, contact EnterpriseSG at 6898 1800 to clarify your eligibility status.

SFEC CAN BE USED FOR TRAINING PROGRAMMES COVERING FOREIGN EMPLOYEES, BUT THE CLAIM PROCESS DIFFERS DEPENDING ON THE EMPLOYEE PASS TYPE. FOR SINGAPORE CITIZENS AND PERMANENT RESIDENTS: Training providers typically submit the SSG subsidy and SFEC claims on behalf of the employer. The employer receives SSG subsidy and SFEC reimbursement without needing to file separately for SFEC on individual employees. FOR FOREIGN EMPLOYEES ON EMPLOYMENT PASSES, S PASSES, AND WORK PERMITS: The employer must submit the SFEC claim directly via the SkillsFuture for Business portal THEMSELVES after course completion. Training providers do NOT automatically submit SFEC claims for foreign workers. The employer must log in with CorpPass (“EPJS_User” role) and manually submit the SFEC claim for each foreign employee trained. FOR ENTERPRISE TRANSFORMATION PROGRAMMES (PSG, EDG) ON BGP: SFEC auto-disbursement for BGP programmes is not employee-specific — it is tied to the company grant claim. Foreign vs local employee status does not affect Enterprise Transformation SFEC claims. SFEC AMOUNT FOR TRAINING: The SFEC covers 90% of the employer out-of-pocket. However, note that SSG subsidy rates may differ for foreign employees (some programmes only provide subsidies for SC and PR employees, leaving the employer to pay full price for foreign worker training, on which SFEC then covers 90%). Always check the specific SSG subsidy eligibility for each course and employee type before enrolling.

ABSENTEE PAYROLL (AP) AND SFEC ARE COMPLEMENTARY AND CAN BOTH BE CLAIMED FOR THE SAME TRAINING SESSION. WHAT IS ABSENTEE PAYROLL: AP compensates employers for the productive time lost when an employee attends SSG-funded training during working hours. For Singapore Citizens and Permanent Residents: S$4.50 per hour of training. Maximum: S$100,000 per employee per year. WHICH APPLIES FIRST — SFEC OR AP: AP covers the salary cost (time) of the employee during training. SFEC covers 90% of the employer out-of-pocket AFTER SSG subsidies for the COURSE FEE. They operate on different cost items (salary cost vs course fee) and can be claimed simultaneously. WORKED EXAMPLE WITH FULL STACKING: Employee (Singapore Citizen, 42 years old) attends 40-hour WSQ Digital Marketing course. Course fee: S$3,000. SSG Enhanced Subsidy (mature worker 40+ at 90%): S$2,700 covered. Employer course co-payment: S$300. SFEC (90% of S$300): S$270. Net employer course cost: S$30. PLUS Absentee Payroll: 40 hours x S$4.50 = S$180. Net employer RECOVERY from AP: +S$180 on top of their S$30 outlay. EFFECTIVE RESULT: Employer pays S$300 for course. Receives S$270 SFEC + S$180 AP = S$450 in total. Employer receives a NET SURPLUS of S$150 above the course co-payment cost. This is why training with SFEC + AP for mature Singapore workers can actually generate a net return to the employer — something few SME owners realise. Submit AP claims on SkillsFuture for Business or via SSG's eSubmission portal within 6 months of course completion.

DOCUMENTATION IS CRITICAL FOR SFEC CLAIMS. MISSING OR INCORRECT DOCUMENTS ARE THE MOST COMMON CAUSE OF CLAIM DELAYS OR REJECTIONS. FOR ENTERPRISE TRANSFORMATION (PSG/EDG ON BGP): The base BGP grant claim documents are also the SFEC trigger documents. Keep: Vendor tax invoice addressed to your company UEN (exact match with ACRA name). Proof of payment (bank statement, GIRO receipt, or credit card statement showing payment). Acceptance of Letter of Offer from BGP. Project completion evidence (for EDG: milestone deliverables, consultant reports, signed completion forms. For PSG: screenshots of system in use, implementation completion letter from vendor). Claims Submission Reference: Your BGP claim application ID. SFEC auto-disbursement is triggered when the BGP base claim is approved — no separate SFEC document needed for Enterprise track. FOR WORKFORCE TRANSFORMATION (TRAINING): Training provider invoice addressed to your company UEN. Proof of payment. Employee attendance records or training provider attendance confirmation. Course completion certificate for the employee. Employee employment contract (showing the employee is genuinely employed by the company). Employee CPF contribution records for the training period. For SFEC-eligible course claims on SkillsFuture for Business: Upload the invoice and proof of payment. The system will calculate the SFEC amount automatically. RETENTION PERIOD: Keep all SFEC-related documents for a minimum of 5 years from the date of disbursement. EnterpriseSG and SSG conduct periodic audits and can request documents for any past SFEC claim during this period.

SSG (SKILLSFUTURE SINGAPORE) PROVIDES BASE TRAINING SUBSIDIES THAT APPLY FIRST, BEFORE SFEC TOPS UP 90% OF THE REMAINING EMPLOYER CO-PAYMENT. CURRENT SSG SUBSIDY RATES (2026): SME EMPLOYEES (SINGAPORE CITIZENS AND PRs): 70% SSG subsidy for most SSG-funded training courses. Employer co-payment: 30%. SFEC covers 90% of 30% = 27% of course fee. Net employer cost: 3% of course fee. MATURE WORKERS (AGED 40 AND ABOVE): Enhanced Training Support for SMEs. Up to 90% SSG subsidy for eligible courses. Employer co-payment: 10%. SFEC covers 90% of 10% = 9% of course fee. Net employer cost: 1% of course fee. NON-SME EMPLOYEES: 50% SSG subsidy for most courses. Employer co-payment: 50%. SFEC covers 90% of 50% = 45% of course fee. Net employer cost: 5% of course fee. CAREER CONVERSION PROGRAMMES (CCPs): For new hires transitioning into new roles. SSG covers training fees (usually 90% or more). Employer receives salary support of 50% to 90% of monthly salary for the reskilling period (varying by CCP programme and employee type). SFEC covers 90% of employer co-payment on training fees. FINANCIAL SECTOR TRAINING (MAS-FTS): Up to 90% for MAS-recognised financial sector training programmes. Available for employees in MAS-regulated financial institutions. SFEC stacks on top of FTS at 90% of remaining employer co-payment. HOW TO VERIFY CURRENT RATES: Check the specific course listing on skillsfuture.gov.sg or mces.gov.sg for the exact funding rates applicable to the course and employee type. Rates are reviewed periodically and may change.

THE OFFICIAL BUSINESS GRANTS PORTAL (BGP) AND SKILLSFUTURE FOR BUSINESS PORTAL SHOW YOUR REAL SFEC BALANCE BUT DO NOT PROVIDE ANY PLANNING OR CALCULATION TOOLS. THIS CALCULATOR FILLS SIX SPECIFIC GAPS: (1) S$7,000 ENTERPRISE CAP VISIBILITY: The official portals do not proactively warn you about the S$7,000 Enterprise Transformation cap. Many employers discover this limit only after completing a large EDG or PSG project and expecting a bigger SFEC reimbursement. This calculator explicitly models the cap and shows you if you are hitting it. (2) BUCKET SPLIT PLANNER: Shows exactly how your SFEC credit splits between the Enterprise (S$7,000 cap) and Workforce (remaining up to S$10,000) buckets — so you can plan your programme mix accordingly. (3) TRIPLE-STACK CALCULATION: Computes SSG subsidy + Base Grant (PSG/EDG) + SFEC in one view, showing your true final net cost across both programme types simultaneously. (4) DEADLINE COUNTDOWN: Shows exact days remaining to 30 November 2026 with urgency alerts as the deadline approaches. Official portals do not show this prominently. (5) PDF REPORT: Generates a branded report with full SFEC calculation, bucket breakdown, and net cost summary suitable for CFO review or board documentation. (6) PRE-CLAIM PLANNING: Unlike the official portals (which require CorpPass login and show actual completed claims), this calculator lets you model SFEC amounts BEFORE committing to programmes — helping you decide which programmes to prioritise before the 30 November 2026 deadline.

NO. SFEC CREDIT IS TIED TO A SPECIFIC UEN (UNIQUE ENTITY NUMBER) AND CANNOT BE TRANSFERRED TO ANOTHER ENTITY, EVEN WITHIN THE SAME CORPORATE GROUP. SFEC IS PER-UEN: Each eligible Singapore employer received its own S$10,000 SFEC credit based on its own qualifying period assessment. The credit cannot be pooled, transferred, or shared with parent companies, subsidiaries, or related entities. WHAT THIS MEANS IN PRACTICE: If your holding company and three subsidiaries all independently qualified for SFEC, each entity has its own S$10,000 credit (S$40,000 total across the group). Each entity can use only its own credit for its own qualifying programmes. A holding company cannot use its SFEC to pay for a subsidiary programme. A subsidiary cannot use its SFEC for programmes claimed under the holding company UEN. STRATEGIC IMPLICATION: Entities within a group should each independently track and utilise their own SFEC balance before 30 November 2026. Group CFOs should audit each subsidiary individually to check how much SFEC credit remains and what qualifying programmes each entity can still complete before the deadline. It is common for subsidiaries (which may be less actively managed) to have significant unused SFEC that will be forfeited if not monitored. This is a genuine financial leakage risk for Singapore corporate groups. WHAT ABOUT THE REDESIGNED SFEC UNDER EWTP: The redesigned SFEC starting 1 December 2026 will also be per-UEN for qualifying employers. Transfer restrictions are expected to continue under EWTP.