CORPORATE INDIVIDUAL PENSIONS SCHEME

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Overview

METROPOLITAN CORPORATE INDIVIDUAL PENSIONS SCHEME – TIER 2 & TIER 3

Overview

Our Corporate Individual Pensions Scheme is specially designed to allow corporate workers plan for their retirement. Whether you have or do not have a workplace pension, this can be a good way of securing extra retirement income.

We offer flexible and tailored solutions – where an individual employee, group of employees or employers together with employees can make extra pensions contributions aside the mandatory tier 1 and 2 and the employer sponsored tier 3 scheme. These contributions then grow into a lump sum (pension fund) that will provide you with pension benefits when you retire.

At Metropolitan, we combine efficient administration utilizing our team of experienced and well trained staff and a stable administrative technology solution to ensure your retirement funds grow and are secured. We focus on managing the complexities, enabling employers to focus on managing their businesses.

Features

Contribution

  • Minimum contribution amount: 50.00GHC

  • No restrictions on contribution amount

  • Contributions can be deducted from payroll

Withdrawals

  • Withdrawal: 50% withdrawal allowed after every 3 years. Full withdrawal allowed only on termination of scheme membership

  • Member is paid a lump sum benefits.

How To Join

To become a member of this exciting scheme:

  • Simply complete and submit a Membership Form to Metropolitan Pensions Trust

  • Submit together with a valid National ID

  • Membership Forms are available our Head Office or any of our regional office, or downloadable on our website on our Downloads Page

  • Your account will be activated within 24 hours of submission of completed form.

  • Metropolitan would also provide you with a Pensions Account Number (PAN) to be used in contribution payment and claims processing.

The Benefits

The Pool Advantage
By pooling money from a number of people and investing, members enjoy greater returns on investments because of the economies of scope.

91 Day Treasury Bills Benchmark
The benchmark for the scheme is the 91 day treasury bill rate but the scheme is designed to outperform it

Mortgage Collateral
You can use your account as collateral to secure a mortgage loan for your primary residence

Stay Connected to your Retirement Fund
Online access to Benefit Statement, Live Beneficiary Update, Fund Value, Unit Price History, Projection Calculator, etc

Professional Management
At Metropolitan, we combine efficient administration utilizing our team of experienced and well trained staff and a stable administrative technology solution to ensure your retirement funds grow and are secured

Flexible Retirement Planning
You decide how much to contribute, the frequency of contribution and duration of your retirement account

Safety of your Data
Back up of scheme records and data at 3 locations – Johannesburg, Cape Town and Ghana