Training Allowance Grant (TAG)
The Training Allowance Grant (TAG) aims to help Financial Institutions and FinTech firms manage manpower costs and support the skills upgrade of their employees. Self-sponsored individuals are also eligible for TAG to encourage them to invest time into skills upgrading.
The Training Allowance Grant will apply to Singapore Citizens or Singapore Permanent Residents who successfully completed IBF recognised courses (STS & FTS) that commence training from 8 April 2020 to 31 December 2020 (both dates inclusive); and completed no later than 31 March 2021.
$10 per training & assessment hour*
Financial Institutions / SFA Certified FinTech Firms
$15 per training & assessment hour*
Singapore Citizens or Singapore Permanent Residents, physically based in Singapore
Eligible FTS Courses
- Commencing between 8 April 2020 to 31 December 2020 (both dates inclusive)
- Completed no later than 31 March 2021
TAG will only be disbursed to the relevant sponsoring companies or self-sponsored individuals upon the participants’ successful completion and passing the assessment component of the IBF-STS programme.