Trainees NRIC Linked PayNow Bank Accounts*
Claim Submission Period#(Claim to be submitted by entity through the IBF Portal)
(i)Enhanced Course Fee Subsidy and IBF Credit
GIRO to FI’s or SFA certified FinTech Firm’s corporate bank account
Enhanced Course Fee Subsidy
Training Allowance Grant (Submission by FTP/FI/FinTech Firms)
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
Training Incentives:Information Note (Last updated: Dec 2019)
FDD Circular (Last updated: Jun 2018)
Financial Instituions and FinTech firms may email their queries to email@example.com.