This is standalone Pension Scheme set up by an employer for the management of employees’ Tier-3 pension under the 3-Tier Contributory Pension Scheme. It is a voluntary and flexible retirement plan to assist members to save and build up retirement capital.

Key Features of the Scheme include:

• Contribution rate – varies.
  • Both employer and employee may contribute.
  • Retirement Age – 60 years, but benefits may be taken before retirement.
  • Portable – can be moved to another Scheme.
  • Tax relief on contributions up to 16.5%.
  • Tax exemption on withdrawals if withdrawing after 10 years.