Occupational Retirement Benefit Scheme
Occupational Retirement Benefit schemes are set up as defined contribution schemes where the amounts of contribution by both employer and employee are determined at the start of the scheme.
What we offer
Our plan is an employer sponsored arrangement that is set up under irrevocable trust. Upon being set up, the scheme is becomes a separate legal entity from the employer. We offer two services in this space, namely:
- Deposit Administration (Fund Management)
- Benefits/Scheme Administration
At the time of retirement, the overall benefit is determined by the total amount of contributions and the accrued interest earned on the contributions.
Benefits at a glance
- 1No set-up fee
- 2Financial security
- 3Tax relief benefit
- 4Guaranteed payment after retirement
- 5Payment to dependents in the event of loss of life