1. THE PENTRUST TIER 2 SCHEME
What is the PenTrust Tier 2 scheme?
This is a mandatory scheme funded by a 5% from employees’ gross salary.
It is deducted from the employee’s salary by the employer and paid on behalf of the employee.
It is a contribution towards an employee’s retirement
The Pensions Act, ACT 766, which became operational from 1st January 2010 established a three-tier pension scheme to offer improved and better pension benefits to workers. Tiers 1 & 2 are mandatory and Tier 3 is voluntary.
Tier 1 is funded by a 13.5% employer contribution - managed by SSNIT; Tier 2 is funded by a 5% employee contribution - managed by Corporate Trustees, Fund Managers & a Custodian;
Why do you urgently need a Trustee for your 2nd Tier Pension contributions?
Because SSNIT is no longer accepting the 5% contributions from employers
Because your lump sum at retirement depends on your 5% contributions.
Because if your company fails to pay the 5% by the 14th of every month, it will be charged a penalty of 3% or be prosecuted.
Because the earlier you start investing your 2nd Tier with us, the earlier you accumulate your returns
Because if your company does not choose a trustee, you cannot access your funds in the TPFA at the bank of Ghana .which represents contributions made by your company since January 2010.
REMEMBER Tier 2 contributions are mandatory and statutory!
Our Head Office location?
6th Floor, Premier Towers, Opposite Pension House, near National Theatre. Accra
THE PENTRUST TIER 2 SCHEME
YOU DON’T WANT TO INCUR THE WRATH OF THE LAW
Pay up your employees’ Tier 2 contributions monthly to avoid sanctions and to ensure their comfortable retirement.
TALK TO US TODAY!