Prepare financial before starting a family

For those who wants to start a family they have to remember that their earnings no longer belong to them alone, but their earnings will be for the family they are about to have.

They have to allocate a sum of their earnings for their future. They must save not only for their future but also for their children’s future.

This was stated during a briefing on smart savings and financial planning by the Employees Trust Fund Department, Head of the Corporate Communication Department, Rosli Hj Harun during a briefing to would be bridegrooms who will be starting their own family soon.

He said that employees have to contribute five per cent of their basic salary and another five per cent will be contributed by their employer

he Employees Trust Fund, through its Corporate Communications Department, held a briefing on TAP and the Supplementary Contributory Pension (SCP) for newly registered employees at the Ministry of Finance building yesterday.

The main objective was to gain knowledge and increase awareness on the fund schemes made available to the local employees in the public and private sectors.

Awg Rosli Hj Haron, Acting, said that he accumulated fund will be retained for the employees as fixed savings for their retirement. Each individual can qualify to withdraw finances under the following schemes: 55-year withdrawal scheme, 50-year withdrawal scheme, those desiring to purchase or build a new house, those who are severely injured, emigration, and next-of-kin

He had also touched upon SCP which complements the existing TAP scheme, and ensures that employees who meet the SCP prescribed requirements will receive a monthly minimum of $150. The SCP scheme also offers benefits such as Derivative SCP and the Survivorship to accommodate the individual’s family member in the event of the recipient passing away before reaching the mandatory age of 60.

Meanwhile BIBD Wealth Management Unit Manager Dayang Nurul Jafriah bte Abdullah explains several techniques on financial planning, in particular when starting a family.

Starting a family is not as easy as we think. We sometimes forget about the amount of finances we need to build a family. After the wedding and honeymoon period, the real life begins. In this life the couple will share responsibilities and burdens for their family. At least half of their income if not most of their income will be needed to start a family, and once a baby arrives, their spending will have a sharp increase.

Hence we need a nest egg for our future and that through several financial schemes it can ensure a stable finaincal future for families and it is always better to start young, when financial commitment is not as large.

The financial planning talk aimed to promote the importance of financial management, to avoid potential budget crisis and to make plan for savings and investment

Malay version –

BANDAR SERI BEGAWAN Selasa 23 November – Didalam usaha untuk menambhakan kesedaran dan kefahamanmengenai kepentingan perancagan kewangan, Tabung Amanah Pekerja (TAP) melalui Jabatan Komunikasi Korporat telah memberi taklimat mengenai Perancagan Kewangan kepada seramai 70 bakal pengantin-pengantin lelaki yang akan mendirikan rumah tangga di Masjid Jame ‘Asr Hassanil Bolkiah.

 

Ketua Jabatan Komunikasi Korporat TAP Rosli Hj Harun menerangkanbahawa peranan TAP yang mana ianya adalah sebagai sebuah organisasi keselamatan sosial dinegara ini dan kaitannya dengan perancagan Kewangan.

Beliau menekankan caruman TAP sebanyak 5% daripada gaji ahli adalah kadar yang minima bagi ahli membuat simpanann di hari persaraan, dan sebanyak 95% lagi adalah sepenuhnya dibawah kawalan ahli untuk membuat simpanan bagi keperluan-keperluan mendatang.

Selain dari itu beliau juga menjelaskan kepada yang bakal mendirikan rumah tangga bahawa mereka perlu membuat anggaran dana yang diperlukan ketika akan mendirikan rumah tangga dan  juga bersara kelak, berdasarkan gaya hidup yang ingin dicapai dan objektif kewangan yang diimpikan bagi membolehkan mereka membuat persiapan dari peringkat awal lagi.

Manakala Pengurus unit pegurusan harta (Wealth Management Unit) BIBD Dayang Nurul Jafriah bte Abdullah telah memberikan penerangan mengenai konsep perancangan kewangan yang mana beliau menekankan bahawa setiap impian memerlukan perancangan kewangan, termasuk impian untuk belajar di luar negeri untuk membeli kerta ataupun untuk memiliki rumah.

Beliau juga mengkongsikan beberapa panduan didalam pengawalan hutang dan langkah-langkah yang diambil didalam memulakan perancangan kewangan.

Mendirikan rumah tangga adalah salah satu aspek yang penting dalam kehidupan kita, dan supaya kita tidak terjermus dalam budaya hutang piutang, para perserta diingatkan untuk berjimat cermat apabila berbelanja, apatah lagi sesudah mereka mendapat cahaya mata nanti

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