Metropolitan Smart Save Personal Pensions
Have you wondered if your Tier 2 and 3 pensions would be enough?
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Do you desire a happy retirement life
Are you employed in the informal sector
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Are you looking for a flexible yet secured and high rewarding retirement plan
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