Best Pensions Trust Limited also known as (BP TRUST) is a Ghanaian owned company incorporated under the Companies Code of Ghana 1963(Act 179) as a Trust Company, BP TRUST under the New Pension Scheme was granted a Corporate Trustee License by the National Pensions Regulatory Authority per the provision of ACT 766.
In this write-up, we will learn more about best pension trust. As days past by our strength weaken as we work hard for our daily bread. we have to start planning for our old age. we have to make provisions to enjoy when we are weak some days to come.
This pension trust comes with the vision to become a world acclaimed Trustee Service Company offering professional solutions that consistently delight our clientele in our chosen market. and mission to apply the highest standards of care in providing the Best Trust arrangement services to protect and grow the wealth of our clients through a highly skilled and motivated professionals supported by appropriate technology.
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SCHEMES AT BEST PENSION TRUST
- best trust scheme
- best pension scheme
- best provident fund
- Employer sponsored scheme
SERVICES OFFERED AT BEST PENSION TRUST
TIER 2 OCCUPATIONAL PENSION SCHEME
Tier 2 (Best Trust Scheme) is a mandatory 5% contribution of basic salary which pays out a lump sum benefit to contributors at retirement or to a nominated beneficiary when the contributor dies before attaining retirement age.
Purpose:
To provide income security at retirement to contributors. The scheme is mandatory and has no withdrawal option until attainment of retirement age.
Unique features of the Tier 2 scheme:
1. Superior investment returns on pension contributions.
2. Assignment of Tier 2 to secure a primary residential facility.
3. Discounts granted on insurance cover with Best Assurance.
TIER 3 PROVIDENT FUND
Tier 3 (Best Provident Scheme) is a fully funded and privately managed provident fund scheme. It guarantees the contributor tax reliefs and serves as a financial vehicle for members who seek enhanced pension benefit. The scheme provides tax exemptions to scheme members if withdrawals are done after 10 years.
The setting up of a Provident fund can be initiated either by the employer or employees in the formal sector or by mutual consensus by employees.
Unique features of the Tier 3 Provident scheme:
1. Guaranteed lump sum payment
2. Tax reliefs for contributions up to 35% of gross salary
3. Withdrawal options in line with Scheme rules
4. Secure loans at competitive rates
TIER 3 PERSONAL/INFORMAL PENSION SCHEME
Tier 3 (Best Pension Scheme) is a flexible long term investment scheme. The personal pension scheme (formal/informal) guarantees the contributor tax reliefs and functions as a financial vehicle for those who seek enhanced pension benefit.
Persons in the informal sector who are not covered by the mandatory Tier 1 & 2 can opt for the Tier 3. Contributors enjoy tax exemptions if withdrawals are done after 10 years for formal sector contributors and (after 5 years for informal sector) in accordance with the rules governing the scheme.
By choosing Best Pensions Trust you enjoy:
1. Guaranteed lump sum payment
2. Tax reliefs for contributions up to 35% of gross salary
3. Withdrawal options in line with Scheme rules
4. Secure loans at competitive rates
EMPLOYER SPONSORED SCHEME
Best Pensions Trust provides trustee services for the 2nd & 3rd Tier pensions. It allows establishments full ownership of their scheme while enjoying the advantage of having a corporate trustee. Fees for this scheme are negotiated and varied based on some parameters.
ADDRESS
E-Plaza 2 Osubadu Street, Dzorwulu, Accra Ghana
P.O.Box GP 8952, Accra Ghana
Phone
0302 780 765/ 0302 780 720
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