Tier 2 Occupational Pension Scheme
Tier 2 (Master Trust Scheme) is a mandatory 5% contribution of basic salary which pays
out a lump sum benefit to contributors at retirement or to a nominated beneficiary when
the contributor dies before attaining retirement age.
Purpose:
To provide income security at retirement to contributors.
The scheme is mandatory and has no withdrawal
option until attainment of retirement age.
Unique features of the Tier 2 scheme:
1. Superior investment returns on pension contributions.
2. Assignment of Tier 2 to secure a primary residential facility.
3. Discounts granted on insurance cover with Best Assurance.