Employers' Responsibilities

Compliance & Rectification

Learn more about how to Employers comply to the responsibilities towards contributing to the welfare of their Employees' retirement and rectify missed or refund additional payments. 

 Go to Employers' Responsibilities

Non-Compliance & Enforcement

It is an offence for Employer to:

  

Provide false documentation, statements and declaration.

  

Fail to pay any outstanding dues to TAP.


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Fail to comply with the Employee Trust Act, Supplemental Contributory Pension Trust Order and National Retirement Scheme Order.

  

Fail to pay TAP contributions on the due date.


Failure to Pay Contribution in time

Employer shall be liable to penalty


To pay dividend loss and service charge incurred resulting from late payment.


Section 8(3) Employee Trust Act

Section 10(1) Employee Trust Act

Section 10(3) Supplemental Contributory Pension Trust Order

Section 12(1) Supplemental Contributory Pension Trust Order

Section 11(4) National Retirement Scheme Order

Section 43(1) National Retirement Scheme Order

Steps to make Penalty Payment



Login to e-Amanah


Click on Outstanding Penalty in the dashboard to display the penalty for any contribution month with an Unpaid status and view the amount due


Make the Penalty Payment via mobile/internet banking, CDM or CQM


Once payment is made, check Balance in e-Amanah, the proceed to click Submit to complete the submission of the penalty payment

Refund Contribution Payment

Employer can make refund application for:


Made an error in paying its contribution to Employees who are an existing Members.

Wrongly paid contribution to Employees who are not eligible for SPK Scheme and TAP/SCP scheme (non SPK/TAP/SCP Members).


Employees who are not eligible to be registered and contributed into the scheme are as follows:

  • Employee receiving Government Pension is not eligible for SCP scheme.

  • Employee who is a Green Identity Card Holder is not eligible for SPK, TAP and SCP scheme.

  • Employee below the age of 18 years old is not eligible for SCP Scheme.

  • Employee currently working under Government Pension Services.

  • Employee below the age of 16 years old is not eligible for TAP and SPK Schemes.

Any overpayment is reflected in Employer ‘Balance’ which is available at the bottom of Contribution Payment Listing page.

Employer can refer to e-Amanah Refund Application Guide available in e-Amanah.

FAQ

Frequently Asked Question

No, Employers do not need to re-register their employees for SPK. Once the SPK is implemented, Employees will be automatically converted into SPK. However, for Employees who have chosen to defer their participation and are aged between 50 to 59, they will be automatically converted into SPK after they make their TAP withdrawal at the age of 55.

No. Employers are not required to register their Employees to SPK. Members from 50 – 59 years old are given options to join SPK immediately of defer conversion to SPK. If the Member join immediately to SPK, their TAP and SCP Accounts will automatically be converted to the new SPK Account. If the Member chose to defer joining SPK, their TAP and SCP Accounts will remain active until they withdraw their TAP55. Employers should refer to their Employees’ options to avoid wrong contribution being paid. This also will be reflected in e-Amanah when you want to pay your Employees’ contribution.

Yes. Employees under the age of 60 currently receiving Government Service Pension and returning back to work in the public or private sector are required to be registered and contributed to SPK.

No, Employers do not need to register these Employees. Employees who have chosen to join SPK immediately will be automatically converted into SPK. Meanwhile, those who have not made any decision will remain in the TAP and SCP schemes.

There is no longer a maximum mandatory contribution cap for SPK. The contribution is based on the full amount according to the prescribed rates for Employees and Employers, with a minimum contribution of $57.50 for Employers.

Contribution rates will be revised in accordance to SPK contribution rate of 8.5% with no capping. The contribution will go to the Member’s Account and full withdrawal under this account can be made once Member reaches age 60 years old.

After the implementation of SPK in July 2023, the contribution rate will be adjusted according to the SPK contribution rate, which is 8.5% of the Employee's salary without a minimum or maximum contribution limit. The contribution rate from the Employer will also be based on the Employee's salary range. However, for Employees between the ages of 50 and 59 who have not decided to participate in SPK, they will remain in the TAP scheme with a contribution rate of 5% for both employees and Employers. These Members will be automatically converted into SPK after they make their TAP55 withdrawal (if they continue to work) following the SPK contribution rates.

After Member withdrawn TAP55, it is consisting of Member and Employer contribution. After the Member is converted to SPK, this has effect to their SPK Annuity amount for their retirement. In order to earn the optimized SPK Annuity amount, Member has the option to top-up the Employer contribution that has been withdrawn.


However, top-up is not mandatory and Member will still receive better SPK Annuity during their retirement.