When it comes to managing your finances, every naira counts.
Making your salary work for you is all about making the right choices. Here are three smart, practical ways to get more value out of your salary with PAL Pensions:
1. Boost Your Retirement Savings with Additional Voluntary Contributions (AVCs)
Your pension does not have to stop at the mandatory contributions. With AVCs, you can save extra funds into your Retirement Savings Account (RSA) at your own pace and amount. This small habit can have a huge impact over time.
Why it matters:
- You grow your retirement fund faster.
- You enjoy tax savings, since AVCs are tax-exempt under certain conditions.
- You build a financial cushion for the future without feeling the pinch today.
All it takes is a simple request to your HR or payroll department to start making AVCs. PAL Pensions handles the rest.
2. Benefit from the different investment opportunities using the Multi-Fund Structure
One size does not fit all especially when it comes to investments. That is why the Multi-Fund Structure, a system that invests your pension based on your age and risk tolerance.
Here is how it works:
- Fund I – for younger, risk-tolerant individuals (optional, age < 49)
- Fund II – default fund for contributors below 50
- Fund III – for contributors aged 50 and above.
- Fund IV – for retirees
- Fund V – for self-employed persons operating in the informal sector.
- Fund VI – for active and retiree contributors.
This structure ensures your pension savings are invested wisely, balancing growth and safety at every life stage.
3. Enjoy Peace of Mind with a Trusted Pension Partner
The value of a dependable Pension Fund Administrator (PFA) cannot be overstated. With two decades of experience, consistent returns, and a customer-first approach, PAL Pensions offers the reliability and peace of mind that every Nigerian worker deserves.
Here is what you get with PAL Pensions:
- Transparent processes
- Secure, regulated investments.
- Fast, responsive customer service
- Easy access to your information and funds
When your pension is in trustworthy hands, you can focus on your present goals knowing your future is already being taken care of.
Your salary is more than income it is an opportunity to build a better tomorrow. By joining PAL Pensions, you can stretch the value of every paycheck and secure lasting peace of mind.
Ready to get started? Join us today at www.palpensions.com or email us at info@palpensions.com and let us talk about your Additional Voluntary Contributions or download the PAL Pensions App to take full control of your pension journey.
