Personal Pension Scheme
Republic Personal Pension Scheme is a personal pension scheme, which grants the contributor an opportunity to save consistently to secure a comfortable future. The minimum contribution amount is GHS 50 per month. The amount can however, be increased anytime. Note that the higher the contribution amount, the higher the retirement income eventually. Republic Trust administers the Scheme and contributions received from individuals are invested in line with the National Pensions Regulatory Authority investment guidelines. The scheme has two sub-accounts:
- Personal Savings Account
- Retirement Account
Personal Savings Account has holding period of 5 years and partial/full withdrawals are permitted after this period. An early redemption will come at a penalty Retirement Account is maintained until retirement. Partial/Full withdrawal without any penalty is permitted after 10 years.