Launched in 2022 and enhanced in December 2023, the Retirement Saver Account addresses key gaps in retirement planning by providing a structured and secure savings option.

It offers flexibility and accessibility to both local employees and expatriates, particularly those without access to national retirement schemes.

The product enables individuals to save consistently while earning competitive returns, fostering financial preparedness and stability in their retirement years.

Since its enhancement, the Retirement Saver Account has seen significant growth, with portfolio expansion exceeding 200 per cent in 2024. A recent survey indicated that customers perceive Perbadanan TAIB as a trustworthy institution, with the product gaining strong appeal among young professionals seeking structured savings solutions.

The Retirement Saver Account allows customers to customise their savings plan with voluntary contributions and no mandatory commitments.

Depositors earn a monthly declared hibah and a special annual hibah for maintaining their balance. In 2023 and 2024, the total annual hibah payout stood at 2.5 per cent, aligning closely with the Employee Trust Fund (TAP) savings rate.

The account is also structured to benefit expatriates, ensuring broader access to formal retirement savings.

The Retirement Saver Account supports Brunei Darussalam’s national development goals by promoting long-term financial stability and strengthening the nation’s saving culture. It aligns with Brunei Vision 2035, which aspires to build a dynamic and sustainable economy with high living standards.