Benefits to Individuals

You will now have an exclusive retirement plan!

  • You will be able to invest a maximum of 20% of your annual income to your retirement account.
  • This amount invested is tax deductible under the new Pensions Laws and Amended Income Tax Act (i.e.) if you contribute a maximum of 20% of your annual income to the JMMB RS, then that 20% will NOT be taxed. As a result your income tax payable will be reduced.
  • You will be able to select your preferred fund strategy that is conservative, moderate or aggressive plan.
  • Based on changes in risk appetite, you will be able to switch from existing plan to a desired plan once every calendar year.
  • The fund strategies are transparent, and you will be able to view your contributions semi-annually (investments, units owned and current value).
  • You will be able to view these contributions via the JMMB RS website once you receive a user login.
  • Members will be able to use the online calculator to project their investment value at retirement*.
  • As a member, you are covered for lump sum death benefit, which will be payable to your noted beneficiaries based on allocations and the accumulated value of your retirement portfolio.

 


Projection Calculator Disclaimer
 
Jamaica Money Market Brokers Limited, and its affiliates, subsidiaries, successors and assigns shall not be liable for any errors or omissions or for reliance on the results obtained from the use of any information, provided by the Projection Calculator. The projections provided herein are estimates provided for information purposes only and persons ought to seek professional advice before making any financial decisions. The estimates provided by the Projection Calculator do not in any way represent an entitlement to benefits and are therefore not binding on JMMB Limited.