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.
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.
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.