PENSION IN Nigeria EXPLAINED |THE CONTRIBUTORY PENSION SCHEME

PENSION IN Nigeria EXPLAINED |THE CONTRIBUTORY PENSION SCHEME | RETIREMENT IN NIGERIA #pension

Most of us have never had pensions explained to us , but it is very important to know how pensions work in Nigeria. The very basic knowledge you need I don this video. Disclaimer: My channel is for information purpose only....(read more)

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Pension in Nigeria is a retirement savings plan that provides a steady income for people after they retire from work. The Nigerian government established the Contributory Pension Scheme (CPS) in 2004 to help citizens save for retirement and to provide a secure and comfortable retirement for them. The Contributory Pension Scheme is a three-tier system that involves the employee, the employer, and the Pension Fund Administrators (PFAs). Employees are required to contribute 8% of their monthly salary to a pension fund. Employers are then required to match the employee’s contribution and pay 15% of their salary into the fund. The Pension Fund Administrators are responsible for managing the funds and ensuring that the contributions are invested in profitable investments. The main benefit of the Contributory Pension Scheme is that it encourages citizens to save for retirement. The scheme also provides a tax-free income for retirees. This means that retirees do not have to pay taxes on the pension they receive. The scheme also provides a secure retirement income, as the funds are managed by professional Pension Fund Administrators. Retirement in Nigeria is a very important issue as it affects the quality of life of citizens after they retire from work. The Contributory Pension Scheme provides a secure and comfortable retirement for citizens and helps them to enjoy their retirement years without worrying about financial issues. The scheme also encourages citizens to save for retirement and provides a tax-free income for retirees. https://inflationprotection.org/pension-in-nigeria-explained-the-contributory-pension-scheme-retirement-in-nigeria-pension/?feed_id=69567&_unique_id=63e720143eeba #Inflation #Retirement #GoldIRA #Wealth #Investing #buildwealth #createvalue #EverythingaboutpensioninNigeria #financialfreedom #FIRE #howdoespensionworksinNigeria #howtoopenpensionaccount #investmentforretirement #money #NationalPensionCommission #OldPensionScheme #pension #pensionbasics #pensioncrisis #pensionexplained #pensionreform #pensionreformAct #privatepension #programmedwithdrawal #retireearly #retirementincomes #Whatisannuity #whatispensions #RetirementPension #buildwealth #createvalue #EverythingaboutpensioninNigeria #financialfreedom #FIRE #howdoespensionworksinNigeria #howtoopenpensionaccount #investmentforretirement #money #NationalPensionCommission #OldPensionScheme #pension #pensionbasics #pensioncrisis #pensionexplained #pensionreform #pensionreformAct #privatepension #programmedwithdrawal #retireearly #retirementincomes #Whatisannuity #whatispensions

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

Birch Gold Group Review 2023 – Best Gold IRA Company? Pros and Cons

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. See chapters in the description. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Chapters: 0:00 - Intro 0:26 - Is Gold a Good Investment? 1:03 - What is Birch Gold Group? 1:37 - IRA Eligible Coins 1:59 - Is Birch Gold Group a Legitimate Company? 2:50 - How Does Birch Gold Group Work? 3:34 - Birch Gold Group’s Fees and Investment Options 4:02 - Birch Gold Group Low Minimum Investment 4:29 - Birch Gold Group Storage and Security 5:34 - Con #1 – No Overseas Storage Options 5:49 - Con #2 – Initial Setup Fees 6:02 - Birch Gold Group Review Summary Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a

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