info@bourseinvestment.com (868) 628-9100

SavInvest Group Retirement Fund

The SavInvest Group Retirement Fund is a long term investment which has been designed for Companies who are seeking a convenient and cost effective method to either provide retirement benefits for their employees or to augment present retirement benefits.

This Fund is the ideal solution for small to mid-size companies who do not have any pension plan in place for their staff and/or companies’ Executives, and Management who pay large amounts of Income Tax on their bonus payments.

The Fund seeks to offer an above average return over the long term . This is achieved by investing primarily in a diversified portfolio of debt and short term securities of private and public issues.  The Fund also invests in equities and other select securities in companies and industries with good growth potential and no prescribed restrictions on asset allocation, country or currency.

Employee Benefits

Tax Benefits: Aggregate contributions made by your Company on your behalf together with contributions made by you to individual deferred annuity plans and NIS are TAX FREE once they do not exceed 1/3 of your chargeable income or 20% of your gross emolument.

Potential for Superior Returns: The Fund is a balanced portfolio and is well diversified in investments in different securities and also in TT and US currencies.

Accumulation of wealth: The higher the contribution level, the higher will be the plan value at maturity.

Cost Effective: There are no upfront charges. 100% of your contributions begin working for you from DAY ONE, unlike other deferred annuity and pension fund plans.

Selection of Annuity provider of choice: At maturity, you have the benefit of selecting an annuity provider you feel most comfortable with.

Plan Your Estate: You can appoint or change your beneficiary at any time throughout the life of the Plan. Should you die prior to the maturity, the full value of your Plan will be paid to your beneficiary- tax exempt. 

Professional Investment Management: Your retirement portfolio is actively monitored and managed by a highly qualified team of investment professionals.

In addition to enjoying all the benefits of the SavInvest Group Retirement Fund, your Company contributing on your behalf would also be able to…

Choose the Maturity date: The Maturity date may be anytime between the ages of 50 to 70. Once the maturity date is selected, your Company can opt to have this changed by simply completing the required form on your behalf.

Choose the level of contributions: Your Company selects the contribution levels and frequency made on your behalf. Your Company can make amendments as your financial needs change by simply completing the required form.

Choose an annuity provider: At maturity, you have the benefit of selecting an annuity provider you feel most comfortable with.

Maturity payout: On the maturity date of your Group Retirement Fund you will receive based on your Plan Value the following:-

(1)Lump Sum plus Annuity

25% as a tax free cash lumpsum

75%  purchase of an immediate annuity which will generate a monthly income for life.

Or

(2)Total Annuity Payout

100% of the Plan Value will be used to purchase of an immediate annuity which will generate monthly income for life.

The Annuity provides you with income for life. One may select :-

Period certain- 5, 10 or 15 years   (whereby the beneficiary is guaranteed to receive payments up to specified period following death) Should you outlive the period selected, you will continue to receive payments until death.

There is also the Guaranteed Period to select from:   0, 5, 10 or 15 years. This means that for the period that you have selected, your beneficiary is guaranteed to receive payments following your death, up to the period selected. Should you outlive the period selected, you will continue to receive payments until death.

Company Benefits

No Administrative burden: The cost of establishing and administering your pension plan could be a burden. However, investing in the SavInvest Group Retirement Fund on behalf of your employees would  allow for a seamless flow in providing retirement benefits for your employees.

Low Cost Fund: All administrative cost are absorbed by the Fund and its Returns are declared net of fees. The Fund can only be charged up to a maximum of 3% of its Net Asset Value.

Deductions of Company Expense: All contributions made by your Company on behalf of your employees are fully deductible as a company expense.

Our promise to you:-

  • Quarterly statements of your employee’s plan value
  • Annual Contribution letters for TD1 and TD4 Income Tax purposes for your employees
  • Access to information on the fund’s net asset valuations/prices/financials on our website
  • Highest standard of personalized customer service

Designed for the Company

The minimum amount is $200.00 per month.

Flexible scheduled contribution levels – (eg. monthly, quarterly, annually or lump sum amounts). Contribution levels and terms of payment are determined by the Employer.

Placing an investment

Your Company can do transactions at Bourse Securities Limited or at any branch of First Citizens Bank Limited.  New investor companies should come into Bourse to transact business.

  • Manager’s cheques
  • Wire transfer of funds
  • Direct deposits at any of First Citizens Bank Limited
  • Standing order arrangements or salary deductions for employees of the company.

Accessing Funds

No withdrawals are allowed on this Plan

Interested investors can call 1-868-628-9100 or send an email to sales@boursefinancial.com.

You can also invest using:

  • Manager’s cheques
  • Wire transfer of funds
  • Direct deposits at any of First Citizens Bank Limited
  • Standing order arrangements or salary deductions which can be done through your bankers