Housing Fund Scheme Contribution
The amount of monthly contribution depends on the participants' financial capability.
No contribution from the Employer is required.
General Contribution Guidelines:
Contributions are voluntary and not compulsory; you may choose to contribute as per your financial situation.
There is no minimum or maximum amount for contributions.
Every contribution made will receive a dividend return.
Contributions and dividends can be withdrawn once in a lump sum; the account will be closed after withdrawal.
Financial Assistance of $25,000:
For eligible Members aiming for the Financial Assistance of $25,000, there is a minimum contribution requirement.
To qualify for this assistance, eligible Members must contribute consistently every month without missing any payments.
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Members who have withdrawn TAP55, they will be converted to SPK once implemented.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.