Skim Persaraan Kebangsaan 

Contribution (SPK) Structure

Learn more to understand the SPK contribution structure; where does yours and your Employer's contribution goes to..

 Go to Skim Persaraan Kebangsaan

Prior to 15th July 2023

All Members have TWO scheme accounts that combine both the Member's and Employer's contributions:

TAP Account

Member's contribution + Employer's contribution + Voluntary Contribution

SCP Account

Member's contribution + Employer's contribution + Voluntary Contribution

Launch of Skim Persaraan Kebangsaan on 15th July 2023

The contribution structure has been modified, and contributions in the TAP scheme and SCP scheme have been segregated.


All Member's contributions from the TAP scheme and SCP scheme have been moved to the SPK Member Account. As a result, there are no longer TAP and SCP scheme accounts for those who have converted to the SPK scheme.

TAP Account

Member's contribution + Voluntary Contribution

SCP Account

Member's contribution + Voluntary Contribution

SPK Member Account

Member's contribution + Voluntary Contribution

All Employer contributions in the TAP scheme and SCP scheme have been moved to the SPK Retirement Account, a pooled fund of contributions made by all Employers in the private sector and the Government of Brunei Darussalam.

TAP Account

Employer's contribution

SCP Account

Employer's contribution

SPK Retirement Account

Pool-fund of Employers' contribution

What is the contribution structure in SPK?

​

In Skim Persaraan Kebangsaan, there are two types of accounts:

  1. SPK Member Account

  2. SPK Retirement Account

These accounts accommodate contributions from both Members and Employers. To simplify, contributions from Members' basic salaries will go to the SPK Member Account, while Employers' contributions will go to the SPK Retirement Account.

Contribution Structure of SPK

​Member

Members' contributions from their basic salary will be deposited into the SPK Member Account. Savings in this account can be withdrawn before reaching retirement age, with the final withdrawal occurring at age 60.

Member's

Salary 


8.5%

Member's Account

 

At 60 years old  (Lump Sum) 


​​Employer 

Contribution 


Prescribed rate

Retirement Account

​At 60 years old 

(Annuity up to Lifetime) 


 Employer 

Employers' contributions are based on the prescribed rate according to the Employee’s salary group. All contributions from Employers will be deposited into the SPK Retirement Account, from which Members can withdraw upon reaching age 60. Members will receive a monthly annuity from this account for their lifetime.

FAQ​

Frequently Asked Questions

Mandatory contributions from the Member, as well as any voluntary contributions made by both the Member and the Employer in TAP and SCP account, is allocated to the Member Account.

Under SPK scheme, contributions from both the Member and Employer are allocated as follows:


Member Account: The Member's mandatory contributions and any voluntary contributions fromboth the Member and the Employer are allocated to the Member Account. The Member's contributions are deducted from their basic salary and are considered their rightful savings.


Employee (You)  Contribute 8.5% per month of your salary  into your Member Account


Retirement Account: The Retirement Account consists of contributions from all Employers,including Self-Employed Members, as well as contributions from the Government and Government Match-Up contributions. The Retirement Account operates similarly to the government pension scheme and is funded by mandatory contributions from the Employer with additional Government assistance.


Employer  Contribute according to the prescribed rate  into Retirement Account


Scenario:

Member’s salary = $1,000.00 / month

Contribution from Employee= $1,000.00 x 8.5% = $85.00  into Member Account

Contribution from Employer= $1,000.00 x 10.5% = $105.00  into Retirement Account