Skim Persaraan Kebangsaan (SPK)

Member Account Benefit

Learn more about the benefits available to Members from the SPK Member Account.

 Go to Skim Persaraan Kebangsaan

What is the SPK Member Account?


The SPK Member Account is where all contributions made by the Member, as well as voluntary contributions from both the Member and the Employer, are credited.


Employees will contribute 8.5% of their basic salary each month into the SPK Member Account. This account can be used for pre-retirement purposes.

SPK Member Account Benefits


The SPK Member Account is a savings account that offers the following benefits:

Accumulation of Contributions

All contributions (mandatory and voluntary) are credited to the SPK Member Account, ensuring that the Member's savings grow over time.

Lump Sum Withdrawal 

at Age 60

Members have the option to withdraw 100% of their savings as a lump sum upon reaching age 60. This provides Members with a substantial fund to utilize during retirement.

Pre-Retirement 

Withdrawal

Eligible Members can make partial or full withdrawals from their SPK Member Account for specific needs before reaching age 60. These withdrawal options offer flexibility in accessing your savings based on your circumstances and needs throughout your working life and during retirement.


Learn more

Does the SPK Member Account Receive Dividends?

Yes, at a rate of 2.5% per annum

The SPK Member Account earns dividends at an annual rate of 2.5%, allowing Members to earn returns on their savings and further enhance their retirement funds.

FAQ

Frequently Asked Questions

Zakat is applicable only to the savings in the SPK Member Account.

Members can request for an estimate of the amount of zakat payable from TAP Counters and make their own payment to the relevant agency.

Yes, withdrawals can be made on a monthly basis for either 10, 15, or 20 years. Additionally, also have the option to partially withdraw as lump sum and receive the remaining balance as a monthly annuity, for example, Members can withdraw 50% as a lump sum and receive the remaining 50% as a monthly annuity for 10 years.