Benefit 1:
Guaranteed Dividend
3% per annum
for members contributing to the Housing Fund Scheme account.
This benefit is available only to individual participants with a basic salary not exceeding $6,000.00 per month.
For participants with a salary above $6,000.00, the dividend rate will be based on what TAP has declared.
Benefit 2:
Home Ownership Financial Assistance
Financial Assistance under this Scheme is available exclusively for participants whose average monthly income over the last 24 months preceding the application is not more than $2,000, or whose household income does not exceed $4,000 per month.
Conditions to be Eligible for the Financial Assistance
Eligible Age
At least 25 years old at the time of the withdrawal application for this scheme.
Not a House Owner
Does not own a house for themselves or their family (e.g., spouse or dependents).
Contribution Frequency
Has made consistent and continuous contributions as a member of TAP and in this scheme for a period of not less than 48 months.
Contribution Rate
Has an average contribution rate of at least 5% of their monthly salary into this scheme.
TAP Housing Withdrawal
Has not made any withdrawals from their TAP account under the TAP Housing Withdrawal scheme.
Note:
For individual participants without a family, the financial assistance will be half of that provided to participants with a family. However, if the participant marries and their household income falls below $4,000.00, they may be eligible for a top-up, provided they still meet the other eligibility criteria.
FAQ
Frequently Asked Questions
Yes, SPK Members can register to STP provided that Members meet the following conditions:
• A citizen of Negara Brunei Darussalam holding a yellow identity card;
• Aged 55 years old and below;
• Does not own a house either for themselves or his/her spouse;
• Does not receive a monthly pension from his/her service with the Government.
Yes, Members are allowed to withdraw from the SPK Member Account.
Yes. You may withdraw your balance by completing the Balance withdrawal form available in TAP website, www.tap.com.bn (Click Menu Members Select the scheme category Withdrawal) and submit the completed form and required documents to any of TAP branches.
Members who have withdrawn TAP55, they will be converted to SPK once implemented. Any remaining balance in their TAP account due to dividend will be transferred to Member’s Account. For balance that is from contribution will be transferred to both Member’s Account and Retirement Account accordingly.
SCP Members who receiving annuity payout, after SPK is implemented, their savings will be adjusted in accordance to their SCP savings at the age of 60 years old.
Savings under Skim Tabungan Perumahan (STP) will not be affected by implementation of SPK.