Tier 2 Pension Scheme
NBC Gold Master Trust
A flexible Tier 2 solution for a secure retirement—built for formal workers, informal workers, and Ghanaians in the diaspora.
Your Solution for a Secure Retirement
Retirement can be a major life challenge if not planned for properly. While you are young and working, you have the opportunity to change your circumstances. Once you retire, this becomes much more difficult. The NBC Gold Master Trust is designed to provide a powerful solution, ensuring your financial security and peace of mind for the future.
The Retirement Solution
The key to a comfortable retirement is a well-structured plan. The NBC Gold Master Trust is a flexible and effective tool designed to meet your short-term savings needs while also building a substantial fund for your long-term retirement goals.
About the NBC Gold Master Trust
The NBC Gold Master Trust is a Tier 2 product specifically designed to cater to the savings and retirement needs of individual contributors in both the formal and informal sectors. This product is ideal for enhancing your retirement benefits beyond mandatory schemes and provident funds, offering a flexible and empowering way to save for your future.
Who Can Join the Scheme?
The NBC Gold Master Trust is for anyone committed to securing their financial future. It is particularly beneficial for:
- Individuals in seasonal or contractual employment
- Self-employed professionals
- Ghanaians working in the Diaspora
- Anyone who wants to enhance their existing retirement savings
Key Features & Benefits
The NBC Gold Master Trust is more than just a savings plan; it is a comprehensive solution packed with valuable benefits:
- Optional Life Insurance Cover: The plan offers the option to include a life insurance cover, providing an extra layer of protection for you and your loved ones.
- Access to Mortgage Facilities: Members have the opportunity to access mortgage facilities, allowing you to use your fund balance to secure a primary residence, as permitted by the Pensions Act, Act 766.
- Compounding Interest: Your contributions are invested to earn compound interest, which helps your savings grow exponentially over time.
- Flexible Savings: The plan caters to both your short-term savings needs and your long-term retirement goals, giving you financial flexibility.
- Registered and Secure: The plan is fully registered under the Pensions Act, 766, and administered by NBC Ghana Trust, a licensed Corporate Trustee, ensuring your funds are safe and professionally managed.
- Tax-Free Withdrawals: After five years, you can make tax-free withdrawals from your fund, giving you access to your savings when you need them without penalty.