Trinidad and Tobago Unit Trust Corporation

ttutcfunds • retirement


Pensions Plus

After you stop working and retire you will need to have an income for decades still. Meanwhile inflation continues to carry up the cost of living. For you to maintain your standard of living after you retire you need to plan now, and save now, for your retirement.

The best company pension plan only provides two thirds of your final salary as a pension income after you retire. So you start off your retirement with less income than when you were working.

With prices continuing to rise, the buying power of that income becomes less and less. That is why it is important for you to have a supplemental pension plan, or if you don’t have a company pension it is important for you to have your own personal pension plan.

Pensions Plus is the plan that can provide you with the income you will need after retirement.

Tax Approved

Pensions Plus is a tax approved plan that allows you to contribute up to $1,000 per month tax free, because the amount you contribute is tax deductible for up to $25,000 per year.

Life Insurance

Pensions Plus also provides you with up to $100,000 reducing term life insurance coverage, dependent upon your age, with no medical examination required. In addition, accidental death insurance of $50,000 is provided up to age 65. Each month $25 is deducted from your account as an administration fee.

 

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