FREQUENTLY ASKED QUESTIONS
1. Where can I get my TAP and SCP statement account?
Member's Account Statements can be obtained from e-Amanah online service via www.tap.com.bn or by using TAP's e-Info Kiosk.
2. Where is TAP fund invested?
TAP 's fund is invested both locally and globally in the form of sukuk, bond, fixed deposits and equities. TAP's investments are not allowed in sectors involved in gambling, tobacco, weapons, alcohol and pork related.
3. The mandatory
retirement age is 60 years and TAP is only mandatory until the age of 55 years.
What about the remaining five (5) years?
TAP contribution is no longer mandatory after the age of 55. However, employers and employees are still required to pay their SCP contributions until employee attains 60 years old.
4. What if I can only pay voluntary contribution
this month, but not next month?
As it is on voluntary basis, you may contribute voluntarily without limit to the amount and frequency.
5. If one does not work, can he register
and open a TAP account to pay voluntary contributions
TAP Account will be opened for an employee upon first time employment in a formal sector. Hence, individuals who are not working under an employer will not able to join TAP scheme. However, if the individuals are self-employed, they are advised to join SCP Self-Employed scheme.
6. Can housing withdrawal be made for the purpose
of expanding or renovation of the house?
No. The withdrawal is only for the purpose of buying
or building a home or repayment of home loans to banks or Government Housing.
Hence, withdrawal for other purposes which include renovation and expansion will
not be allowed under this withdrawal scheme.
7. If I already made a withdrawal at the age of
50, can I apply for a second withdrawal at the age of 52 years?
Withdrawal at the age of 50 can only be made once.