Programme Commencement Date
Between 8 April 2020 to 30 June 2022
(Enhanced Course Fee Subsidy)
Eligible Funding Scheme
IBF-STS: For self-sponsored individuals and FI/FinTech Firm-sponsored individuals
FTS: For FI/FinTech Firm-sponsored individuals
Nett Fee Model - GIRO# to FTP's corporate bank accountFull Fee Model2 – Trainees' NRIC Linked PayNow Bank Accounts1
1. How to Submit: Enhanced Funding Claims for F.I.s (Funding Adminstrators)
Claim Submission Period#(Claim to be submitted by entity through the IBF Portal)
In-house programmes/ External programme where full fee is charged
Between 8 April 2020 to30 June 2022(Enhanced course fee subsidy and Training Allowance Grant)
IBF-STS and FTS
Updated on 31 March 20221 Eligible entities include MAS Licensees and exempt entities2 Companies will only be allowed one claim submission for the enhanced course fee subsidy every month. Please ensure that claim records are consolidated before submission.
Training Allowance Grant (Submission by FTP/FI/FinTech Firms)
Please refer to the Terms of Reference for Auditors and Internal Compliance Departments
Self-Sponsored claimsAll programme fees claimed can include Singapore GST.
Company-sponsored claimsAll programme fees or eligible expenses claimed should exclude Singapore GST. If GST is not separately reflected in the invoices, checks should be done to ascertain if the training provider is a GST-registered entity for which GST has already been subsumed in the costs. If so, the GST amount should be excluded from the claim.
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.
To apply for an IBF Portal account, plase click