Welcome to Employee Benefits Administrator Limited
- Are you financially prepared to retire when you reach retirement age?
- Life expectancies continue to increase.This means that you will spend a long time in retirement years.We would like for you to have the financial independence to enjoy it!
Are you saving in a Group Pension Plan?
Pension Plans are the most tax efficient means for individuals to save for retirement.
Why?
Saving in a pension plan offers individuals three tax benefits:
- You can save or make contributions to a pension plan from gross monthly salary before the income tax is deducted
- Investment income/earning on amounts invested are tax-free
- Employer contributions made on behalf of contributors is tax-free and investment income earned is also tax-free
It is important that all individuals save a portion of their income for the duration of their working life, specifically for retirement, in order to benefit from a meaningful pension, for a number of reasons.
- Advances in medical sciences and an increased attention of society to a wellness lifestyle are causing life expectancy to improve significantly.As such, individuals are living for longer periods after retirement.
- Medical costs and an increased need to access medical care as we get older, means individuals are likely to have increasing health costs in post retirement years.
EBA offers individuals access to pension plans, either employer sponsored group pension (superannuation) schemes, or approved retirement schemes for self employed persons, or those unable to access group pension schemes. |
