Skim Persaraan Kebangsaan

For Verified Self-Employed Contributions

Learn more about contributions made by verified SPK Self-Employed Members..

Verified Self-Employed Members Contribution Rate

Contribution Range:

$17.50 - $40.00

from a verified SPK Self-Employed Member

$17.50

from Government Match-Up


The Government will provide a Match-Up of $17.50 when a Member makes a voluntary contribution between $17.50 and $40.00. Both the contribution and the Match-Up will be credited to the SPK Retirement Account for SPK Annuity.

Contributions Below $17.50 or Above $40.00


Contributions below $17.50 or exceeding $40.00 will be credited to the SPK Member Account. Verified SPK Self-Employed Members will still be able to make withdrawals from the SPK Member Account based on withdrawal eligibility.

Contribution Scenarios for Verified SPK Self-Employed Member

If the Self-Employed Member contributes $17.50:



SPK Retirement Account

$17.50 from Member's contribution


Government's Match-Up

$17.50 contributed into SPK Retirement Account


SPK Member Account

$0
No amount credited into this account


If the Self-Employed Member contributes $40.00:



SPK Retirement Account

$40.00 from Member's contribution

Government's Match-Up

$17.50 contributed into SPK Retirement Account

SPK Member Account

$0
No amount credited into this account

If the Self-Employed Member contributes $10.00:



SPK Retirement Account

$0
No amount credited into this account

Government's Match-Up

No Match-Up

SPK Member Account

$10.00
from Member's contribution

If the Self-Employed Member contributes $50.00:



SPK Retirement Account

$40.00 from Member's contribution

Government's Match-Up

$17.50
contributed into SPK Retirement Account

SPK Member Account

$10.00
from the remaining of Member's contribution