One Time Premium Pension Plan 

One time Premium Pension plan

Searching for information about one time premium pension plan? You’re at the right place. This article features all you need to know about premium pension. Read on!

Premium Pension Limited is one of the fastest growing Pension Fund Administrators (PFA) in Nigeria, it is was licensed by the National Pension Commission on the month of December, 2005.

Premium Pension has over 600,000 members around the nation and over ₦700bn Assets Under Management (AUM), they are one of the first Pension Fund Administrators which has been consistent in delivering competitive returns.

The sole mission of the company is to grow its members’ wealth and enable them to embrace their golden years. They also have a vision of becoming the fastest growing top-tier Pension Fund Administrator creating value in the lives of retirees.

Premium Pension is in partnership with First Pension Custodian Limited and UBA Pension Custodian Limited. Both of the mentioned custodians are licensed by National Pension Commission (PenCom).

Is one time Premium Pension plan Trustworthy?

Premium Pension has an outstanding record and a good customer review in delivering value on pension funds. The company is trusted by over 700,000 members around the nation, they ensure they meet up to members expectations and ensure they are prepared for their golden age.

Can I Withdraw From My Pension Account Before Retirement?

The Retirement Savings Account (RSA) is similar to a normal bank account except that you cannot withdraw money from your Retirement Savings Account (RSA) before your retirement.

The Pension Fund Administrator is required to invest the money and issue an account statement at least once every quarter to the contributor or on demand.

Can I Have Two Pensions Account?

It is forbidden for employees to open more than one Retirement Savings Account (RSA). In the event of change of employment, you are required to provide the same RSA details to your new employer who now assumes the responsibility of remitting the pension contributions monthly into the same RSA.

Can I Withdraw From My RSA While Working?

You may withdraw from your RSA. Although you have to bear in mind that the withdrawn funds will be taxed as per the withdrawal benefit table. This option is suitable for people who are in urgent need of fund for various reasons.

How Long Does It Take To Receive Pension?

In most cases, you may receive your first pension payment in about two to three weeks after you stop working. The date your pension will take effect is the first day of the month after you stop working for your employer.

One time Premium Pension plan

How Do I Check My RSA Balance?

You can check your Retirement Savings Account Balance by using your own RSA PIN. You can also check your pension balance by dialing *909# on your cell phone.

Conclusion on one time Premium Pension plan

One time Premium Pension plan have some reputation to upload such as; Discipline, Understanding a customer’s situation, Professionalism and Trust. These values contributes to the uniqueness of the company and bind together the experienced management team which has a strong background in the financial services sector.

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