SPK Age Withdrawal
SPK Age Withdrawal (45, 50, 55, 60 Years Old)
Members are eligible to withdraw when they have reach 45, 50, 55 and 60 years old, ONCE for each eligible age. Member is encouraged to plan the withdrawal based on the pre-retirement or retirement needs and to spend the withdrawn savings wisely.
SPK Age Withdrawal can be withdrawn for any purposes and not limited to the following:
Children's education;
Housing needs;
Additional budget for Hajj Pilgrimage or Umrah;
Investment to further secure your retirement or income;
Settling or reducing debts or loans before retirement;
Others.
Eligibility
45-59 Years Old
50-59 Years Old
55-59 Years Old
60 Years Old
Age
Amount
30% of the Member Account Balance at 45 years old
30% of the Member Account Balance at 50 years old
30% of the Member Account Balance at 55 years old
100% of the Member Account Balance at 60 years old
OR
Monthly Annuity Payment of either
10, 15 or 20 years
OR
Partially withdraw lump sum and receive remaining balance as monthly annuity payment
O
Other Conditions
The application is only once for each Age Withdrawal.
Payment
Paid in lump sum to the Member's registered bank account
Documents Required
Ensure the documents required are complete before proceed with submission.
A complete withdrawal application form.
- Copy of Member’s Identity Card.
- Copy of bank account details/statement or bank book.
Online SPK Age Withdrawal Application
Skip the queue at TAP Branch and do it from your home.