What is the purpose of the Scheme Withdrawal?
All Members are allowed to withdraw from their account when they have met the eligibility terms and conditions.
The objective of the scheme withdrawal is to allow Members to withdraw for their pre-retirement financial needs such as to own a house, to settle or reduce loans, for children's education, investment for future financial needs and many more.
Friendly Financial Literacy Reminder:
Focus on your needs when you plan to withdraw. Withdrawing will deplete your savings at 60 years old.
Types of SPK Withdrawal
SPK Incapacitation Withdrawal
SPK Terminal Illness
SPK Renouncing Citizenship Withdrawal
SPK Next-of-Kin Withdrawal
Deferred SPK Silver Generation Age 50 - 55 Member Scheme Withdrawal (born between 1968 - 1973)
Members who are in the age category 50 - 55 years old (born between 1968 - 1973) who deferred conversion to SPK are still in the TAP and SCP scheme. Hence, these Silver Generation Members follows the TAP and SCP scheme withdrawal eligibility terms and conditions, and when necessary and eligible, are allowed to withdraw the following withdrawals before converting to SPK.
TAP Scheme Withdrawal
TAP Housing Withdrawal
TAP 50 Years Old Withdrawal
TAP 55 Years Old Withdrawal
TAP Incapacitation Withdrawal
TAP Emigration Withdrawal
TAP Next-of-Kin Withdrawal
SCP Scheme Withdrawal
SCP Emigration Withdrawal
