News Formal

Saving For Business Investment Post-Retirement

  • 📰 LeadershipNGA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 77%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Planning for retirement must start when one is in active service. This is done by regularly contributing on a monthly basis to your pension account. Planning for retirement must start when one is in active service. This is done by regularly contributing on a monthly basis to your pension account. Hence, one would have accrued a lot of funds that could be useful as initial capital to start a dream business post-retirement.

Withdrawal is one of the two principal ‘retirement products’ specified by the PRA 2014. It is a product offered by PFA for a periodic payments to a retiree. It is a structured periodic withdrawal based on the peculiarities of the retiree. The Retirement Savings Account , balance is spread over expected life span of a retiree.On the other hand, Annuity Plan is an income replacement product offered to retirees by Insurance Company.

A retiree negotiates with insurance company, obtains Annuity Provisional Agreement from the life insurer, which shows premium, monthly annuity guarantee terms, among others. Money leaves RSA to insurance company to pay premium after lump sum payment. The insurance company then commence payment of monthly annuity/pension to retiree.However, lump sum is applicable to both Annuity and Programmed Withdrawal.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 4. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Why RSA Holders Are Rapidly Switching to Investment One PensionsSince the National Pension Commission (PenCom) declared the transfer window opened, which allows Retirement Savings Account (RSA) holders to switch from
Herkunft: DailyPostNGR - 🏆 11. / 59 Weiterlesen »