ARMED FORCES FUND BOARD

"LTAT's Success, Benefits Members of the Armed Forces"

HOUSING WITHDRAWAL

1. What are the requirements for housing withdrawal scheme?

On application date, contributor:

  • has reached minimum age of 22 years and
  • has contributed not less than 5 years to LTAT and
  • not a registered owner of any immovable property (house/land), (this withdrawal is for the purpose of purchasing the first immovable property only ; and
  • has signed a valid Sales & Purchase agreement on or before 1 February 1995 or
  • has obtained a loan on the house / land.

2. How many times can a withdrawal be made for this purpose?

 A contributor is allowed to withdraw only once through out his contribution period.

3. Can a contributor withdraw for the purpose of house renovation?

Withdrawal for house renovation is not permitted.

4. How much can a contributor withdraw?

The allowable amount for withdrawal under this sceme is :-

  • not exceeding forty per centum (40%) of the contributors contribution ; or
  • not exceeding ten per centum (10%) of the immovable property; or
  • not exceeding ten thousand ringgit (RM10,000.00)

 The amount of payment will be made based on which ever is of lower amount.

5. How can the withdrawal application be made?

Application for withdrawal can be made via a withdrawal form (LTAT/PWCA 47) which is issued free at LTAT's office or through download from LTAT's website.

6. How long is the withdrawal process?

Payment will be made within 24 hours working day from the date the documents are received and all requirements are fully complied.

WITHDRAWAL OF RETIREMENT

1. When can a contribution be withdrawn?

Based on seksyen 12 of LTAT Act 101, contribution for compulsory contributors may only be withdrawn upon :

  • death of the contributor ; or
  • One month after the contributor has been discharged / retired from service ; or
  • Upon attaining the age of fifty years.

For voluntary contributors, withdrawals can be made at any time and they are given the flexibility to become a member for the second time though has made the first withdrawal. However, under Section 15B, the contributors can also withdraw some of the contributions to purchase immovable property.

2. How does a contribution be paid?

A contributor will be paid in a lump sum once all documents required are received by LTAT.

3. Do LTAT take long time to process payment?

Payment will be made within 24 working hours after LTAT received completed documents from Mindef.

4. How much will be paid by LTAT?

Amount of contributions to be paid depends on the following :

  • Pensionable contributors will received his portion of contribution together with the cumulative yearly dividends and bonuses. The government contribution will be remitted to the Consolidated Pension Fund for payment of his monthly pension.
  • Non-pensionable contributor will receive both, members’ contribution and government contribution inclusive of cumulative dividend and bonuses.
  • Government debts, if any, will be deducted by LTAT prior to payment being made.
  • Should a contributor is discharge from service due to infirmity of mind or body; contributors will receive his contributions inclusive of accumulated dividend and bonus and also the Disablement Benefit Scheme. The government’s contribution will be remitted to KWAP.
  • Should a contributor die whilst in service, their next of kin will receive contribution similar to pensionable contributors and in addition they will also receive Death Benefit Scheme.

DEATH BENEFIT SCHEME

1. How much is the payment for the Death Benefit Scheme?

Total amount to be paid under the Death Benefit Scheme is based on a formula which comprises of :

  • a factor based on the number of years of service calculated (from the date the contributors contributes to LTAT to the date the contributors dies or retired from service due to infirmity of mind or body); and
  • total cumulative contribution. The total amount payable under this scheme is (i) x (ii)

2. How does a contributor apply to withdraw their contribution?

Should a contributor fulfilled the withdrawal criteria, the application for withdrawal can be made by filling up the required form LTAT/PWCA/14-2/1 (Pengakuan oleh Ahli) which is distributed free during the final documentation process in Mindef.

3. Should a contributor die how does a contribution be withdrawan?

Beneficiaries or next of kin can apply for the contribution withdrawal with the following documents:

  • LTAT/PWCA/14-2/2 form (Borang Kenyataan Waris).
  • To submit a photocopy of identity card of next of kin/beneficiaries and other related documents.

4. How does a next of kin or beneficiary knew about the contributions in LTAT?

Beneficiary or the next of kin will be contacted. Therefore it is important that the record of beneficiary or next of kin at JRP Mindef is updated.

DISABLEMENT BENEFIT SCHEME

1. What are the requirements needed before Disablement Benefit Scheme is paid?

Disablement Benefit Scheme are paid based on 49H that is ‘medical standard below the required for retention/medically unfit’ or equivalent with BR 9748-Article 1014 Invaliding for the Navy, whereby the service report BAT D 132 has to be endorsed with the findings of the Medical Board that is BAT F 524/525.

2. How much is the payment for the Disablement Benefit Scheme?

Total amount to be paid under the Disablement Scheme is based on a formula which comprises of :

  • a factor based on the number of years of service calculated (from the date the contributors contributes to LTAT to the date the contributors dies or retired from service due to infirmity of mind or body); and
  • Total cumulative contribution.

The total amount payable under this scheme is (i) x (ii)

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Lembaga Tabung Angkatan Tentera
12th Floor, Bangunan LTAT,
Jalan Bukit Bintang, 55100 

KUALA LUMPUR
Emel: ltat[at]ltat.org.my


Tel: (60) 3-2148 9777
Faks: (60) 3-2142 7646