VOLUNTARY PERSONAL PENSION
What is Voluntary Personal Pension Fund?
This is a savings plan open to both formally employed members and informal members, designed to give one the flexibility to save and invest at their own pace. The plan runs for a minimum of 10 years.
After 10 years, one may choose to withdraw their funds as a lumpsum or keep the investment running and withdrawal at desired time. However, after participating in the fund for not less than 5 years, you can access up to 40% of your fund value at the time.
The fund is market-linked, with the goal of delivering competitive returns each year.
Benefits:
- Flexible structure allowing partial withdrawals or lump sum
- Boosts financial security for retirement
- Competitive investment returns
- No restrictions on contribution amounts
How can one join?
Our Business Development team will guide prospective members through the onboarding process and provide full product details. Or assistance can be provided through our toll free line 323
Tracking your savings:
Minimum Contribution:
All income groups can join.
How will my funds be invested?
- Government securities
- Equities
- Corporate bonds
- Term deposits
Tax:
Withdrawals are not taxed.