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 are 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.