Skim Persaraan Kebangsaan

Self-Employed

Member Account Benefit

Learn more about the benefit for the Members from SPK Member Account.

 Go to SPK Self-Employed​

What is SPK Member Account?


The SPK Member Account is where all contributions made by the Member are credited.


​For Verified SPK Self-Employed Members: Voluntary contributions are credited to the SPK Member Account if the amount is less than $17.50 or exceeds $40.00 (the amount exceeding $40.00).


For Unverified SPK Self-Employed Members: All voluntary contributions will be credited to the SPK Member Account, regardless of the amount.


The funds in the SPK Member Account can be withdrawn for pre-retirement purposes.pre-retirement purposes.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 (both mandatory and voluntary) are credited into the SPK Member Account, ensuring that your savings grow over time.

Lump Sum Withdrawal 

Members have the option to withdraw 100% of their savings as a lump sum upon reaching the age of 60. This provides a substantial fund for use 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 SPK Member Account receive dividends?

Yes, at a rate of 2.5% per annum

Yes, the SPK Member Account earns dividends at a rate of 2.5% per annum. This allows 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.

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