What is the International Postings Programme?

The International Postings Programme (iPOST) is a leadership development initiative supported by the Financial Sector Development Fund (FSDF). Its objective is to increase opportunities for Singaporeans to be groomed through international exposure to build capabilities for future global and regional leadership roles.

Under the iPOST, the FSDF will defray part of the costs incurred by Financial Institutions (FIs) in sending Singapore citizen staff on global and regional attachments or postings.

Eligibility

  • Applicants should be Singapore-based FIs [1].
  • Only high-potential incumbent staff who are Singapore citizens will be eligible.
  • Applicants should have a clear objective for sending their high-potential Singapore citizen staff on an international attachment or posting, which should be relevant and an important component of the staff’s career and leadership development plan.
  • Duration of the international attachment or posting should be at least 6 months.
  • Posted Singapore citizen staff should return to Singapore upon completion of the assignment to take on larger role.

Funding Support

The details of the funding support are as follows:

Qualifying Costs Funding Support
  • Airfare
  • Accommodation
  • Cost-of-living / per diem allowance based on IRAS per diem rate[2]
  • Southeast Asia: 90%
  • Asia excluding Southeast Asia: 70%
  • Rest of world: 50% of qualifying costs[3]
​Funding is capped at 2 years and at $50,000 per year per participant


Approval and Claims Process

Approval for funding under iPOST is on a case-by-case basis, subject to the fulfilment of all eligibility criteria.

Funding for approved applications will be disbursed on an annual reimbursement basis. More details will be outlined in the Letter of Offer provided to successful applicants. 


How to Apply

All interested applicants should submit their applications to the IBF directly, at least two months before the start of the international attachment or posting. 

Keen to find out how your FI can leverage on this scheme? 

Contact us at ipost@ibf.o​rg.sg.

Footnotes:

[1]Entities regulated by the Monetary Authority of Singapore (either licensed or exempted from licensing)
[2]https://www.iras.gov.sg/irashome/Businesses/Employers/Tax-Treatment-of-Employee-Remuneration/Per- Diem-Allowance/Acceptable-Rates-for-Per-Diem-Allowance/
[3]Subject to MAS internal guidelines and benchmarks