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Jul 7, 2024, 12:28:35 AM
TAP/SCP Retirement Calculations
https://www.reddit.com/r/Brunei/comments/1dx3umo/tapscp_retirement_calculations/...↳
3
Because they calculate as if you have been under SPK from the start, but in reality no. They also don’t show employee contributions in your account anymore as if the money was not allocated for your retirement.
I assume they also deficit so using future retirees money for current retiree withdrawals. Invest in other retirement savings besides SPK if you are still in the working population
NewtFew2966
1
Maybe because of changing to SPK? Whatever you save from your own contribution you will get 100%. But employer contribution is not technically for you. You will get monthly after 60y.o some % amount of average of your wage, until your death. Either you will get more or less than your employer contribute.
Al-911
1
TAP = huge lumsum receive at 55 yrs age but very little for monthly after 60 yrs old above but run out after no more scp $ or limit to 80 yrs age
SPK = less lumpsum receive at 60 but way higher than TAP monthly (i.e 3-5x more) & lifetime
Various_Form_9800
1
Others are checking this out too! ⤵︎
I found the information below and here's a summary
Retirement planning can feel like a rollercoaster! One user shares how their family's TAP estimates dropped drastically from one visit to the next, making them wonder if their retirement savings are more like a mystery box than a solid plan. 🎢💰
Others are checking this out too! ⤵︎
