MoneySense invites you to partner us to bring financial literacy education to various segments of the population.
Find out how we can work together to help consumers acquire the knowledge and skills to manage their finances, make prudent financial decisions, and plan for their longer term needs.
The institute can also conduct free talks or workshops at your premises.
For more information on the talks and workshops, you can visit the IFL website.
If you're interested in arranging for a talk or workshops, you may get in touch with IFL via the "Contact Us" form on the IFL website.
As announced to schools in March 2023, we will be discontinuing the co-funding of financial literacy workshops for schools under the IES with effect from 30 June 2023.
For schools which had planned to apply for co-funding for financial literacy workshops under IES this year, please submit your completed applications
- within three months of the end-date of the financial literacy workshop OR
- by 30 September 2023, whichever is earlier.
After 30 September 2023, we will no longer accept any applications.
Please refer to this FAQ for more information.
If your school had conducted a financial literacy workshop on or before 30 June 2023, please read on to check if your school is eligible to apply for co-funding, how you can apply and the necessary documents to submit.
Co-funding: who is eligible
To apply, you need to meet all of these criteria:
- The school is registered with the Ministry of Education (MOE).
- The programme encourages students to build some or all of the core financial capabilities as well as knowledge in at least one of the three tiers of financial literacy defined by MoneySense – Tier 1: Basic money management; Tier 2: Financial planning; Tier 3: Investment know-how).
- The programme is run by an eligible vendor (please refer to the list of eligible vendors). Applications where the vendors are not in the list will be disqualified.
- The programme must cover only financial literacy topics.
- The financial literacy workshop must be conducted on or before 30 June 2023.
How much co-funding you can get
MoneySense typically co-funds up to 50% of the net qualifying expenses, subject to a cap of $25 per participating student. The net qualifying expenses refers to the total cost of the programme minus fees (payable in cash and/or Edusave) charged to participating students.
As a special concession, MoneySense also co-funds up to 80% of the fees charged to a participating student if the student is on the MOE's Financial Assistance Scheme.
How to apply for co-funding and reimbursement
Schools may work with the list of eligible vendors to run approved financial literacy workshops and submit an application for co-funding within three months after the end of the workshop.
MoneySense's co-funding works on a reimbursement basis. The reimbursement will be made after the school has been invoiced.
To apply for co-funding and reimbursement, please:
1. Download and complete the IES Application Form for Schools.
2. Submit the soft copy of the required documents and any attachments (please refer to checklist for submission requirements) to moneysense@mas.gov.sg. Hard copy submissions are not required.
We will process the payment after receiving and evaluating all relevant documentation from the school.
We will be discontinuing the co-funding of financial literacy workshops for schools under the IES with effect from 30 June 2023 i.e. the workshop must be conducted on or before 30 June 2023.
Note: Vendors are not allowed to apply on behalf of schools.
How long it takes
The process usually takes about three months. It may take longer if there are discrepancies in the submitted documents. Please contact moneysense@mas.gov.sg for any queries relating to school funding application matters.