Policy Summary
Personal Retirement Plan is designed to assist individuals to accumulate retirement capital through regular and flexible contributions and in a Tax Efficient way. This helps provide an income to the retired pensioner during their retirement years. It is set up by an individual
Features of the product
As they say, ‘life begins as retirement, only if you plan’. This emphasizes the importance of starting retirement savings early in life from the age of 18years onwards.
An individual pension plan (IPP) is a Defined Benefits pension plan for one person, typically the owner or an executive of an incorporated company. You can access the funds, either full or partial withdrawal if you have a personal scheme.
The contributions earn compounded interest over the years progressively building the investment income and increasing the fund, there is zero set up fee, combined administration through an umbrella fund and guaranteed minimum return.
Who should take IPP?
Individuals who run their own businesses, employees in companies without group staff pension schemes, employed persons who prefer to contribute additional retirement savings over and above their employer pension, all persons keen on financial freedom at retirement.
Role of Verge Insurance Brokers.
We walk with you through the process of identifying the most reliable, efficient and secure insurance company in which to invest in your IPP. We also ensure you get maximum returns through comparison of 10 years’ average returns earned on IPPs and selecting the one with best returns. We support in application and set-up of the Individual pension account and ensure you receive annual contributions statement for updates.
