GROUP PENSION
WHAT ARE THE ADVANTAGES OF GROUP PENSION?

WHAT ARE THE ADVANTAGES OF GROUP PENSION?

Group pension offers separate advantages both to corporations and to the individual employees.

  • It offers the corporation a corporate tax advantage.
  • It creates a sense of identity by contributing to the commitment of the employees to the company.
  • It increases the efficiency of the corporation by ensuring that high-quality human resources remain with the corporation in future years.
  • It ensures the brand recognition of the corporation with regard to the provision of benefit packages.
  • It provides a developed human resources service.
  • It provides specialist fund management.
  • It offers an income tax advantage for individuals.
  • It ensures that the customary living standards are maintained during the retirement.
  • Professional fund management is provided for small savings.
  • Employees may benefit from the advantages of the group pension contract even if they leave their jobs for as long as they do not leave the system.
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