How can I grow my savings in SPK Member Account?
Members can grow their savings by voluntarily contributing more to their SPK Member Account.
Voluntary contribution refers to contributions made by Members on top of the mandatory amount.
Why do I need to save more?
Members can increase their savings and use them for pre-retirement use, or add to your SPK Annuity for your retirement days.
Who can make voluntary contribution?
SPK Members
Both Member and Employer may contribute more into the SPK scheme voluntarily apart from the mandatory contribution. The additional contribution from Employer will be credited into the SPK Member Account which Member can withdraw before retirement.
Contribution Amount
For SPK, there is no minimum amount, however the maximum volunatry contribution is $1,000.00 per month. The voluntary contribution will go to SPK Member Account.
Withdrawal
The savings from SPK Member Account can be withdrawn according to the SPK withdrawal schemes eligibility.
SPK Self-Employed Members
These Members can make voluntary contribution into the retirement account of minimum $17.50 and up to $40.00 in order to to receive the Match-Up benefit of $17.50 from the Government. Contribution made into the SPK Retirement Account can be withdrawn as SPK Annuity.
What is SPK Self-Employed and the benefits?
Housing Fund Scheme Members
Members who have registered to Housing Fund Scheme can make voluntary contribution into their account to save for owning a house.
What is Housing Fund Scheme and the benefits?
How to make voluntary contribution?
Increase contribution from salary (via employer)
Via online banking or internet/mobile banking
At the nearest TAP Counter
Steps to Grow Your Savings Online
Members are encouraged to use mobile banking facilities to make voluntary contribution
Step 1
Log In to
Mobile Banking
Check with your bank if it has Tabung Amanah Pekerja as option for payment. If there is, log in to your mobile banking.
Step 2
Go to Bill Payment
via Mobile Banking
Go to 'bill payment' option and select Tabung Amanah Pekerja as the recipient of the payment.
Step 3
Key-in
Payment details
Key-in your SPK Member Account number and the amount to be paid as your voluntary contribution.
Step 4
Submit
Payment
Ensure all of your payment details and the recipient are correct. Click 'Submit' to complete the payment.
FAQ
Frequently Asked Questions
Yes, both Members and Employers can make voluntary contributions, which will be credited to the Member Account. There is no minimum amount required for voluntary contributions, but the maximum limit for combined Member and Employer voluntary contributions is $1,000 per month.
At SPK, the primary objective is to foster a fair and inclusive environment for all our Members while also promoting healthy competition and driving industry growth.
The decision to cap voluntary contributions is aimed at ensuring equal access and creating opportunities for other financial institutions. By implementing this limit, we mitigate concentration risk and encourage the availability of a diverse range of retirement investment options.