Product Overview

The Approved Superannuation Fund is an occupational pension plan. Employers can choose between the two main types of plan arrangements: Defined Contribution (DC) Plan or the Defined Benefit (DB) Plan where the company’s accumulated pension funds are carefully and strategically invested to reap rewarding returns for all employees at retirement.

Product Details

Target Groups

• Age range: 18-64 as determined by the company and for confirmed employees of the company
• Gender: No restriction to gender
• Characteristics:
  • Companies seeking a superannuation plan/ occupational pension plan

Features

• Mandatory employer & employee contributions
• Additional “voluntary” employee contribution, when combined with the mandatory employees’ and employers’ contribution cannot exceed 20% of gross salary/income

Selling Points

• Pension fund administration
• Pension fund investment management
• Transition/Compliance services
• Pension consultancy services
• Tax-free savings by both the employee and the employer
• Tax-free gains with no time limits
• Contribute a voluntary portion of your income
• Continuous member and trustee education and communication