What comes to mind when you think of retiring?��.old age? Or maybe disability? Your retirement years should be the most rewarding period of your life. It�s a time to do all the things that you really want to do, at your own pace, and in your own time, it�s the time for the �GoodLife�. Unfortunately, for some persons, retirement is not the most rewarding time of their life because they failed to plan�.. to ensure that they have a guaranteed source of income.
The JN Individual Retirement Scheme (JNIRS) is a personal retirement plan, which will assist you to have the �GoodLife� at retirement by ensuring you achieve financial security and peace of mind. The JNIRS is approved by the Financial Services Commission (FSC), and is operated under the guidelines provided by the Pensions (Superannuation Funds and Retirement Schemes) Act 2004. It is a tax deferred and tax efficient way to save towards retirement.
|Borrowers who finance their home purchase through Jamaica National can reap tremendous value-added benefits and services. Membership benefits could include a discount on the cost of valuation reports, reduced legal fees, no processing fees, a one-month payment break, or additional funds towards home enhancements. Your JNBS mortgage sales representative can provide further details about additional savings that you can negotiate.|
JNIRS Features and Benefits Contributors to the JNIRS will enjoy several unique benefits from the subsidiaries of Jamaica National Building Society and at retirement, a pension tailored to your needs. The many benefits of the JNIRS include:
Enjoy Value Added Services: Members will enjoy a number of unique benefits from the subsidiaries of JNBS, including discounts on car insurance, financial planning and access to reverse mortgages to supplement your retirement income.
You are allowed to invest a minimum of five percent (5%) and a maximum of twenty percent (20%) of your gross annual remuneration. There are several options available for the payment of contributions. Payments can be made monthly, quarterly, semi-annually or yearly through any of the following options.
Contributions – Investment
Contributions and amounts transferred to the JNIRS on your behalf will be used to purchase Units in one of four pooled funds. These funds are invested in various asset classes such as; Bonds, Equities, and Money Market Instruments. When you become a member of the JNIRS, you will be required to select one or more of these funds in which your contributions should be invested. Your choice will be dependent on your risk profile and your personal investment strategy.