Metropolitan Smart Save Personal Pensions -

Metropolitan Smart Save Personal Pensions

Have you wondered if your Tier 2 and 3 pensions would be enough?

WHAT IS SMARTSAVE PERSONAL PENSIONS

The SMARTSAVE Personal Pensions is a Tier 3 Personal Pensions scheme and a specially designed savings plan for you to make extra smart provisions for your retirement.

Whether you have or do not have a workplace pension, this is the smartest way of ensuring a more decent life during retirement. Retirement does not mean you cannot continue enjoying life.

FEATURES OF THE SMARTSAVE PERSONAL PENSIONS

It is characterized by the following features:

Individuals who are not in group schemes can join to save towards retirement
Formal or Informal Organized Groups (Driver’s Association, Market Women Association, Second Hand Dealers etc.) can join to save towards retirement
Flexible contributions
Normal Retirement age is 60 years (early/late retirement possible)
Members can withdraw from the Plan before retirement age subject to the Pensions Act and scheme rules
Minimum contribution amount is GHC50.00
No restrictions on maximum contribution amount
Cheque or Cash Payment at any Stanbic Bank Branch
MTN Mobile Money (on your mobile phone or at any MTN Service Center)
50% withdrawal allowed after every 3 years. Full withdrawal allowed only on termination of scheme membership
Member is paid a lump sum benefits.

WHAT TO CONTRIBUTE

Minimum contribution amount is GHC50.00
No restrictions on maximum contribution amount

HOW TO CONTRIBUTE

Cheque or Cash Payment at any Stanbic Bank Branch
MTN Mobile Money (on your mobile phone or at any MTN Service Center) Download Brochure

WITHDRAWALS

50% withdrawal allowed after every 3 years. Full withdrawal allowed only on termination of scheme membership
Member is paid a lump sum benefits.

HOW TO JOIN THE SMARTSAVE PERSONAL PENSIONS

To become a member of this exciting scheme:

Simply complete and submit a Membership Form to Metropolitan Pensions Trust
Submit together with a valid National ID
Membership Forms are available at our Head Office, any of our regional offices, or downloadable on our website: Downloads
Your account will be activated within 24 hours of submission of completed form.
Metropolitan would also provide you with a Pensions Account Number (PAN) to be used in contributions payment and claims processing.

BENEFITS OF THE SMARTSAVE PERSONAL PENSIONS

The Pool Advantage
By pooling money from our large membership and investing, members enjoy greater returns on investments because of the economies of scope effect.
91 Day Treasury Bills Benchmark
The benchmark for the scheme is the 91 day treasury bill rate but the scheme is designed to outperform its benchmark
Mortgage Collateral
You can use your account as collateral to secure a mortgage loan for your primary residence
Stay Connected to your Retirement Fund
Online access to Benefit Statement, Live Beneficiary Update, Fund Value, Unit Price History, Projection Calculator, etc
Professional Management
At Metropolitan, we combine efficient administration utilizing our team of experienced and well trained staff and a stable administrative technology solution to ensure your retirement funds grow and are secured
Flexible Retirement Planning
You decide how much to contribute, the frequency of contribution and duration of your retirement account
Safety of your Data
Back up of scheme records and data at 3 locations – Johannesburg, Cape Town and Ghana, to ensure your data is never lost