CCGM Pension Administrators Ltd (CCGM) has recently launched the Lifetime Private Pension Scheme. CCGM is a recently established Retirement Scheme Administrator set up as a joint venture between GasanMamo Insurance Ltd and Calamatta Cuschieri Group plc.

The Lifetime Private Pension Scheme is a long term saving scheme, designed specifically to help save for your retirement. By utilising government tax incentives, the Lifetime Private Pension Scheme is one of the most tax efficient ways to save for your retirement.

Contributions start from just €40 per month, with a yearly tax credit of €150 for 2017 as set by the annual government budget. The contributions are invested in a diversified portfolio to help grow and deliver a steady income during your retirement. The option of a 30 per cent tax-free lump sum can be taken from the accumulated savings once retirement age has been reached (between the age of 50 and 75).

Planning for your retirement is one of the most important investment decisions you will ever make, as most people wish to maintain the same standard of living they have become accustomed to during their working life.

 

Find out how you can contribute to your Lifetime Private Pension by visiting the website www.ccgm.com.mt