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:

1. Merchant Discounts: Your unique JNIRS Card will allow you to receive discounts from more than 100 merchants across the island.
2. Tax-Deferred Benefits: Your contributions are tax deductible, that is, your contributions are taken from your remuneration before income tax and all other statutory deductions are calculated.
3. No Tax on Investments: There are no withholding taxes on interest earned on funds invested in the JNIRS. Investment income earned over the period of member participation is tax free
4. Tax free Lump Sum Payment: Lump sum payments (up to 25% of accumulated value) made at retirement to members will be tax free.  Lump sum payments made to a named beneficiary on the death of a member is also tax free subject to the prevailing laws and regulations
5. Online real time access to your investments: You will be able to view account balances and print statements online at any time.

Enjoy Value Added Services: Members will enjoy a number of unique benefits from the subsidiaries of JNBS, including discounts on property and car insurance; and advice about financial planning.

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