Retirement Planning
what we do - Individual Solutions
OVERVIEW
Take care of the older you, today
The SavInvest Individual Retirement Fund is a long term investment that allows the investor the opportunity to accumulate cash for future needs and at the same time obtain significant tax benefits and superior returns.
It is a safe and sound investment with expert investment management by Bourse Securities Limited.
The Fund seeks to offer an above average return over the long term.
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.
FEATURES
- Tax Benefits – The maximum for tax relief is up to $50,000.00. An investor who contributes the maximum amount would have an actual tax savings of $12,500.
- 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.
- Plan Mobility – You have the ability to transfer from one provider to another.
- 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.
CHOOSE THE MATURITY DATE
The Maturity date can be anytime between the ages of 50 to 70. Once the maturity date is selected, it may be changed by simply completing the required form.
CHOOSE THE LEVEL OF CONTRIBUTIONS
Select the contribution levels and frequency. You can make amendments as your financial needs change by simply completing the required form.
CHOOSE 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 Individual Retirement Fund you will receive based on your Plan Value the following.
LUMP SUM PLUS ANNUITY
25% as a tax free cash lump sum
75% purchase of an immediate annuity which will generate a monthly income for life.
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.
OUR PROMISE TO YOU
Quarterly statements of your plan value
Annual Contribution letters for TD1 and TD4 Income Tax purposes
Access to information on the fund’s net asset valuations/prices/financials on our website
Highest standard of personalized customer service
Fund Specifics
designed for the individual
The minimum amount is $1,000.00 per month.
Flexible scheduled contribution levels – (eg. monthly, quarterly, annually or lumpsum amounts).
Contribution levels and terms of payment are determined by you.
You may conduct transactions at Bourse Securities Limited or at any branch of First Citizens Bank Limited. New investors should come into Bourse to transact business.
accessing your funds
You benefit most when you use your Individual Retirement Fund as a way to accumulate wealth over the long term. In the event that unforeseen circumstances arise and you need to terminate your investment prior to maturity date, you may opt for an early withdrawal of your investment which will incur Board of Inland Revenue taxes and administration charges.
SavInvest Individual and Group Retirement Funds
- SavInvest Individual Retirement Fund – 30th June 2022
- SavInvest Group Retirement Fund – 30th June 2022
- SavInvest Individual Retirement Fund – 31st December 2021
- SavInvest Group Retirement Fund – 31st December 2021
- SavInvest Individual and Group Retirement Funds – 30th June 2019
- SavInvest Individual and Group Retirement Funds – 31st December 2018
- Individual Retirement Fund Interim Financials – June 2018
- Group Retirement Fund Interim Financials – June 2018
- SavInvest Individual and Group Retirement Funds – 31st December 2017
- SavInvest Individual Retirement Fund – 31st December, 2016
- SavInvest Group Retirement Fund – 31st December, 2016
- SavInvest Individual and Group Retirement Funds – 31st December 2015
apply now
Interested investors can call 1-868-226-8773 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
prospectus
The contents of this Prospectus are qualified in their entirety by the detailed provision of the Trust Deed.
Click here to download Individual Retirement Plan Prospectus.
