30/10/2024
What is an Individual Pension Plan?
An Individual Pension Plan (IPP) is a personal savings plan allowing individuals to set aside money for retirement. Designed to help you accumulate funds for retirement, an IPP is established by you, rather than through your employer. It offers various benefits, including tax advantages and various investment options.
At Old Mutual, you can open an IPP that provides a comprehensive investment strategy tailored to your unique goals, risk tolerance, and timeline, ensuring diversified investments. Additionally, you can consolidate all your pension benefits from different employers to maximize your retirement savings.
Why choose the Old Mutual Individual Retirement Plan?
Our plan offers a comprehensive range of benefits tailored to meet your needs, including:
Achieving your dreams through building a fund for you.
Catering for medical benefits due to ill health and extended periods spent at home.
Ability to invest your NSSF Tier II contributions as a contracted-out benefit.
High investment returns that enable fast growth of your retirement fund.
Cost-efficient retirement planning.
Exceptional customer service and experience with Old Mutual's competent staff and customer-centric culture.
Prompt payment of claim benefits within 10 working days.
Free annual member and financial education.
Access to a wide range of financial and risk solutions, including free consulting.
Flexible retirement plan options within the group, allowing smooth switches between guaranteed and segregated options.
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