TAP 50 Years Old Withdrawal
Members who defer to join SPK and have not withdrawn their TAP account when they have reached 50 years old can do so. Member is encouraged to plan the withdrawal based on the pre-retirement or retirement needs and to spend the withdrawn savings wisely.
SPK Age Withdrawal can be withdrawn for any purposes and not limited to the following:
Children's education;
Housing needs;
Additional budget for Hajj Pilgrimage or Umrah;
Investment to further secure your retirement or income;
Settling or reducing debts or loans before retirement;
Others.
Eligibility
Age
50 - 54 Years Old
Amount
25% of the TAP Account Balance.
Payment Method
Paid in
lump sum
to the Member
Documents Required
Ensure the documents required are complete before proceed with submission.
A complete withdrawal application form.
- Copy of Member’s Identity Card.
- Copy of bank account details/statement or bank book.