Create Your Desired Future
Are you envisioning a retirement filled with travel, relaxation, and pursuing your passions? Don’t let it stay just a dream!
What Is A Retirement Savings Account (RSA)?
A Retirement Savings Account (RSA) is a defined Contribution plan required under the Pensions Reform Act 2014. It is mandatory for every organization with three or more employees.
The Process Involved
In line with the regulations of the Pensions industry, the process of a Retirement Savings Account begins when:
- An employee obtains and fills the personal Retirement Savings Account (RSA) form.
- Afterwards issued a unique Personal Identification Number (PIN) by PENCOM.
- CPL issues a registration letter stating the PIN and account number of the new Customer.
- The Letter also contains remittance details and responsibilities of the employee.
- The Monthly deductions of 10% and 8% of the total of basic, transport and housing to be paid by the employer and employee respectively into the RSA account.
The Goal
The purpose of RSA is to ensure that upon retirement, loss of job, invalidity or death, employees under the scheme won’t be a liability to the society as they would continue to enjoy monthly payments that will sustain them throughout their lifetime.
Why Choose Our Retirement Savings Plan?
- Peace of Mind: We take care of the complexities, so you can focus on what matters most. Our compliant and regulated plan ensures your contributions are safe and managed by experienced professionals.
- Guaranteed Retirement Income: Enjoy a steady stream of income upon retirement, thanks to your accumulated savings and investment returns. No more worries about financial constraints!
- Tailored Investment Options: Choose from a range of investment funds based on your risk tolerance and retirement goals. Grow your savings faster with higher-risk options or prioritize security with conservative choices.
- Flexible Contributions: Contribute what you can comfortably afford, with options for both mandatory and voluntary contributions. Every bit counts towards a brighter future!
- Transparency and Convenience: Track your account balance, monitor investments, and access key information anytime, anywhere through our user-friendly online platform and mobile app.
