Overview

The CBZ SME Pension Fund is designed for Small to Medium scale Enterprises to be able to offer pension scheme benefits to their employees under an affordable benefits structure.

Features

  • Employees contribute a fixed percentage starting from 3%
  • Employer contributes for Group Life Assurance at 1.8% and Administration fees at 1%
  • Pays out a lump sum death benefit of at least 2 times an employee’s annual salary
  • No medical tests up to a certain limit

Benefits

  • Has a retirement benefit, withdrawal benefit and retrenchment benefit

Who qualifies?

  • All SME’s with at least 5 employees

What you need to apply

  • Fully completed SME Pension Fund Application Form