Individual Learning Account (ILA)

An Individual Learning Account (ILA) is a personal savings scheme designed to help individuals fund their adult education and training. It allows you to deposit money into an account specifically for learning purposes, which may be matched by government contributions or incentives. The funds can be used to pay for courses, certifications, or skills development that enhance employment prospects or personal growth. ILAs aim to make lifelong learning more accessible and customizable, enabling individuals to invest in their skills at their own pace and according to their career or personal goals.