Training Grants

PIC Scheme for Singapore Companies

Qualifying expenditure under PIC refers to costs that are incurred to provide training to employees for the purposes of the trade and business. This grant covers external training and in-house training accredited by the Singapore Workforce Development Agency (WDA) or approved/certified by the Institute of Technical Education (ITE). From YA 2012, if the training is not WDA-accredited or ITE-approved/certified, a cap of $10,000 per YA applies.

Important Note:
Please keep proper records and documents of your training expenditures to support claims for PIC.

For more information on PIC Scheme for Training Employees in Singapore, kindly refer to the website: 
https://www.iras.gov.sg/irashome/Schemes/Businesses/Productivity-and-Innovation-Credit-Scheme/Six-Qualifying-Activities-under-PIC/Training-of-Employees/

For further assistance, you may contact:
Email: picredit@iras.gov.sg
Helpline for Companies: 1800 356 8622
Helpline for Self-Employed / Partnerships: (65) 6351 3534

HRDF Claims for Malaysia Companies

Eligibility for Training Grant:

Employers registered and / or incorporated in Malaysia who have registered with PSMB and pay the HRD levy immediately upon registration are eligible to apply for training grants (financial assistance) to defray all or a major portion of the “allowable costs” of training their employees. Training must be in the area of direct benefit to their business operations.

Financial assistance is, therefore, not given to individuals who enrol and finance their training programmes, whether partially or fully, and subsequently requested their employers for sponsorship. Neither is financial assistance given to employers who bear the cost of training after the successful completion of training by their employees.

Employers who contribute to HRDF are eligible to access their levy payments by claiming training reimbursements through various training schemes that are implemented by PSMB.

Claims for Training Grants

Claims for training grants for completed programmes in the year should be submitted not later than 30 June of the following year. Financial assistance in respect of approved “allowable costs” will be reimbursed on a claimed basis. The amount reimbursed is subject to the approved amount or actual expenses borne by employers, whichever is the lesser and to the availability of funds in the employers’ accounts when claims are submitted to HRDF.

For more information on HRDF claims, kindly refer to this website:
http://www.hrdf.com.my/wps/portal/PSMB/MainEN/Schemes/HRDF/SBL