TAP SCHEME 

WHO should register?

Citizens or Permanent Residents of Brunei Darussalam

Below the age of 55 years old

Receive pension* or does not receive pension

Working in Public or Private Sector

Under the Employee Trust Act - a person who works and receives payment for the work he/ she performs is considered as an employee.

Permanent employee,

Temporary employee

Contract employee

Probation employee

Director receiving salary

What is the contribution rate?

Mandatory rate prescribed by the TAP Act is 5% of Employee's salary

Additional contribution of 5% from Employer

Contribution must be rounded up to the next dollar.

WITHDRAWAL SCHEMES

Under Employee Trust Act Chapter 167 Section 17, members who have reached 55 years old are allowed to make full withdrawal. However, they may opt to withdraw their funds given fulfilled all terms and conditions through the following schemes (refer to 'Withdrawal Schemes'):

TAP 50 Years Old, Incapacitation, Next-of-Kin, Housing and Emigration.