THE Employees’ Trust Fund (TAP or Tabung Amanah Perkerja) is a godsend to the people of Brunei Darussalam after the pension scheme was discontinued.
I am one of those Bruneians. I am thankful that there is some sort of guarantee at the end of my lifelong service where I will have money to spare to continue to live a comfortable life.
That is, however, if I am able to live long enough to enjoy the fruits of my labour.
As a parent to two girls, I am unsure what will happen to all that hard-earned money if I were to pass away before the money can be withdrawn.
Being a parent, I live for my girls and if I were to pass away, I would like my girls to gain from this and no one else.
Can anyone from TAP shed some light on this?
Another question I would like to direct to TAP with regards to the withdrawal scheme is how this scheme is applicable/not applicable (depending on how you look at it) to Bruneians who have decided to migrate elsewhere to look for better job opportunities.
I learnt from a nephew of mine that he was not allowed to withdraw his TAP until he reaches the age of 55 despite him not being able to make any more contributions to the account as he has left the country.
He has worked and contributed to this country for over 20 years.
The TAP money could have made moving easier for him.
He was told that the only way he could withdraw the savings was if he denounced his citizenship. Is this true? Was he wrongly informed?
If TAP’s website was up and running perhaps I could have dealt with them accordingly through the right channel. However, this was not the case.
I sincerely hope TAP or any relevant agency could clarify these matters.
– Citizen Who Wants Answers