A Group Personal Retirement Plan is a collection of personal pension plans usually provided by employers for their employees.
As an employer, you need to be able to attract and retain high calibre staff. One of the ways in which several leading organizations do this is through the establishment of a Retirement Benefits Scheme.
The principle objective of Employers setting up a Retirement Benefits Scheme is to provide:-
1) Tax benefits for their employees while in employment upon their retirement and;
2) Financial security benefits upon their retirement
3) Widows/widowers and dependents’ benefits in the event of death before retirement.
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