What is the NTUC Training Fund (SEPs)?
The Covid-19 outbreak has caused Self-Employed Persons (SEPs) to incur a significant drop in earnings. Together with the Ministry of Manpower (MOM), the National Trade Union Congress (NTUC) is introducing the NTUC Training Fund (SEPs) to help Self-Employed Persons to supplement their income and, also prepare them to be future-ready through skills upgrading and training.
Under the Government SEP Training Support Scheme and NTUC Training Fund, a total of $40m will now be available to support our SEPs to go for training. This training fund will allow SEPs to get paid an allowance whilst taking up training during this lull time.
This joint initiative will be referred to as the “NTUC Training Fund (SEPs)” and comprises the Government’s $36m SEP Training Support Scheme and NTUC Training Fund $4m.
Who is eligible?
Who is eligible?
All Singapore Citizens or Permanent Residents who are Self-Employed Persons (SEPs).
What is required?
Consolidated statement of income / Notice of Assessment for year of assessment 2020 submitted to IRAS in capacity of SEP.
How does NTUC Training Fund (SEPs) benefit SEPs?
When Self-Employed Persons attend and complete courses under SkillsFuture Series and approved Sector-specific training programmes, they will receive a Training Allowance as indicated below.
Union members who initiate training on their own could enjoy 50% discount off unfunded course fee support for up to $250 each year training benefits for courses under Union Training Assistance Programme (UTAP) per year.
You will be required to submit an appeal if:
- You are unable to provide the Consolidated statement of income / Notice of Assessment for year of assessment 2020 submitted to IRAS in capacity of SEP
- Your Employment Income is more than your Trade Income
- You became a SEP only in 2020
- Your main income in Year 2020 is from Self-Employment
To submit an appeal, you will need to submit the following additional documents:
- Contract for Service + Vocational License (if any)
Contract for Service should include:
- UEN registration number of applicant’s company with Letterhead
- Name and NRIC of applicant
- Date of the service provided
- Endorsement by company (client’s company stamp) and signed by both parties
- Invoice or Bank Statement to prove delivery and payment of service
- CPF Statement of Account from Jan 2019 – Dec 2019
- CPF Transaction History from Jan 2020 – Current
- Signed copy of Letter of Undertaking
Note: As each situation is unique, please note that applications are subjected to approval on a case-by-case basis.