- Risk Level: Moderate (Price Fluctuations Possible)
Investors choosing this fund also invested in: IRUA, Growth & Income Fund, TT$ Income Fund
Disclaimer: An investor should consider a Fund's investment objectives, risks, charges and expenses carefully before investing. This and other important information can be found in the Fund's prospectus. Obtain a prospectus from our website or at any of our UTC Investment Centres and read carefully before investing.
- For you to maintain your standard of living after you retire you need to plan now, and save now, for your retirement.
The best company pension plan only provides two thirds of your final salary as a pension income after you retire. So, you start off your retirement with less income than when you were working.
As prices continue to rise, the buying power of that income becomes less and less. That is why it is important for you to have a supplemental pension plan, or if you don't have a company pension it is important for you to have your own personal pension plan.
Pensions Plus is the plan that can provide you with the income you will need after retirement.
Pensions Plus is an approved deferred annuity that allows you to receive tax relief up to the maximum deduction allowed for contributions made to approved annuity plans.
Pensions Plus also provides you with up to $100,000 reducing term life insurance coverage, dependent upon your age, with no medical examination required. In addition, accidental death insurance of $50,000 is provided up to age 65. Each month $25 is deducted from your account as an administration fee.
|Tax deductions up to $30,000
||Paying less taxes
|Reducing term life insurance up to $100,000 with no medical exam
||Protection with no hassles
|Accidental death benefit up to $50,000
||Less worries for those left behind
||Reaping the rewards of all of your hard work
||Investing at your own pace
|Possible capital appreciation & income
||Help in beating inflation & increasing capital
|Guaranteed income for life (Capital guaranteed after 3 years plus any interest earned on the investment at the time of maturity.)
||A guaranteed source of income
|Guaranteed capital after three years from date of deposit
||Peace of mind
|Insurance can be a source of collateral for loans
||Two-fold use of your investment
|$125 to start
||Everyone has an opportunity to invest