Programmed Withdrawal / Annuity
Programmed withdrawal and annuity are two distinct retirement income strategies designed to provide financial security in retirement.
This is only for retired applicants that have attained the statutory minimum age of retirement of 50 years whose RSA balance is sufficient for PWD and whose monthly program withdrawal is above one-third of the prevailing monthly minimum wage.
RSA holders who have more than three years to retire can access up to maximum of 25% of his/her RSA balance for the purpose of purchasing a residential mortgage
A retiree can purchase annuity. Annuity can be purchased from a life insurance company licensed by National Insurance Commission.
List of Requirements for Accessing Retirement Benefits under Annuity
- Data recapture
- Full Name
- RSA PIN
- Valid means of ID (NIN slip, driver’s license, or international passport)
- Passport photo
- Completed benefit application form
- Appointment letter
- Exit letter from the employer
- Last 3 months’ payslips
- Date of birth (DOB)
- Confirmation of Remittance Letter
- Confirmation of remittance of accrued rights (FGN/State employee)
- Bank details
- Consent form
- Provisional Annuity Agreement
Why choose us as your PFA?
Our commitment is to provide safe and rewarding pension services that not only secure the financial future of our beneficiaries but also contribute to their overall happiness and peace of mind, fostering a retirement filled with comfort, joy, and the assurance that their needs are well cared for.
- Experienced professionals providing precise pension fund management.
- Diverse services: retirement planning, fund management, financial advice.
- Consistent, reliable returns for a secure and prosperous retirement.