When people hear the term “insurance policy”, a few things come to mind; silver-tongued insurance agents and “if you die” scenarios just to name a few. And yes, while these are some facts of life about these financial instruments, it’s hardly the only things you should know about them. This time around, we will explore…
Tabung Amanah Pekerja (TAP) and Supplemental Contributory Pensions (SCP) are both government initiated pensions schemes. One of my earliest posts was about them! This scheme is applicable to Bruneian citizens and permanent residents. What I didn’t talk about in detail was how you can calculate TAP and SCP contributions. And to be honest, you don’t need to…
Whenever I talk about retiring, I always envisioned it hand-in-hand with financial independence. Surely the thought of not having any more income when you stop working would be cause for worry, right? That is why I don’t see myself retiring until this very important criterion of self-sustenance is satisfied. While earning an income feels draggy…
Lately I’ve been thinking about life. Particularly now; it’s all about going to work and becoming financially secure but is that all there is? Sure, I have my hobbies, this blog and social life. But how sustainable is this lifestyle? As you’ve guessed from the post title, I’m talking about retirement and what comes after…
In my post last week about investing, I covered briefly about two programs in Brunei called TAP and SCP. TAP and SCP came into being as an alternative to state-funded pension schemes for public servants. They have since developed into a plan for all citizens and permanent residents. Currently, only uniformed personnel of the Royal Brunei Armed…
