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Log in to the IBF Portal to register for exams and update your IBF Corporate Membership.
Log in to TPGateway for claims submission and funding schemes.
Courses that have commenced before 10 October 2022 should be completed by 30 June 2023 for claims to be submitted before 30 September 2023 or within 3 months from the course end date, whichever earlier.
Course Commencement Date | Between 8 April 2020 to 30 June 2022 (Enhanced course fee subsidy and Training Allowance Grant) |
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Eligible Funding Scheme | IBF-STS and FTS |
Claims Submission By | Training Provider |
Submission Channel | IBF Portal |
Earliest Submission Date | Upon course completion |
Submission Deadline | Within 3 months from the end of the month of the course completion date |
Disbursement | Nett Fee Model - GIRO1 to FTP's corporate bank account Full Fee Model2 – Trainees' NRIC Linked PayNow Bank Accounts |
Upload into the IBF portal | Retain for audit purpose | |
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Enhanced Course Fee Subsidy and IBF Credit (Submission by FTP) |
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Training Allowance Grant (Submission by FTP/FI/FinTech Firms) |
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Goods & Services Tax (GST) | Self-Sponsored claims
Company-sponsored claims
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Double-Funding | Claimants should not be claiming for any other grants, subsidies, or tax concessions, provided either by the Financial Sector Development Fund (FSDF) and/or other government agencies, unless explicitly permitted. |
Administrative Fee | IBF reserves the right to charge an administrative fee in the event that there are errors associated with claims submitted, regardless of whether any grants have been disbursed. |
Invoice | Mandatory details to be reflected in supporting documents:
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Certificate of Completion | Mandatory details to be reflected in supporting documents:
A COC must be issued to each trainee for all courses with compulsory assessment(s). |
Verification of trainees’ employment for courses under the Critical Core skills and Future-Enabled skills categories | With effect from 3 October 2022: IBF-STS funding of training courses under the Critical Core skills and Future-Enabled skills categories will only be available to locals (Singapore Citizens or Singapore Permanent Residents) employed in the financial sector (i.e. by financial institutions or SFA certified FinTech firms).
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Licensed Representatives and General Insurance Agents | All licensed representative (e.g. financial advisers, insurance agents, remisiers) and general insurance agents registered with the General Insurance Association’s (GIA) Agent Registration Board who wish to register for FTS courses, must provide a Letter of Support from his/her Financial Institution (FI) Principal. Training providers should sight the staff pass of the licensed representative or registered agent, and check the MAS Register of Representatives / General Insurance Association (GIA) Agent Registration Board to confirm the trainee’s eligibility. |
Revision to course code | Due to the migration from IBF Portal to TPGateway, a new course reference number will be issued to replace the existing course ID from 10 October 2022. Training Providers must refer to the programme finder for the latest and most updated course reference number before the claim submission. |
Computation of Unit Cost | Click here to access the computation for E-learning courses. Click here to access the computation for Classroom Training. |
Foreign Currency Exchange Rate | Course fees paid in foreign currency other than Singapore dollar should be converted using the daily MAS Exchange Rate based on the date of the invoice. Click here to access the MAS Exchange Rate. |
Processing Timeline | IBF will take approximately 6 to 8 weeks to process the claim upon complete and accurate submission from the claim submission date. Longer processing time may be required in certain cases (e.g. incomplete or inaccurate submissions, Direct Credit Authorisation form not submitted to IBF or nonstandard cases). |
FTP | |
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Enhanced Course Fee Subsidy and IBF Credit (Submission by FTP) |
For programmes that commence between 8 April 2020 and 31 December 2020: Claims Worksheet A - Enhanced Course Fee (Coy-Sponsored) Claims Worksheet B - Enhanced Course Fee (Self-Sponsored) |
Training Allowance Grant Claims Worksheet | Claims Worksheet C - TAG |
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