UAE expats and citizens can earn money after retirement thanks to the launch of a new savings scheme.
National Bonds has announced the launch of Second Salary, a customized savings solution created for the UAE’s national and expat population to generate supplementary income.
UAE expats and citizens can earn money after retirement thanks to the launch of a new savings scheme.
National Bonds has announced the launch of Second Salary, a customized savings solution created for the UAE’s national and expat population to generate supplementary income.
The plan is the first part of a long-term programme aimed at providing the best retirement plans in the UAE.
UAE National Bonds Second Salary savings scheme
Second Salary is designed to empower people by offering a personalised additional income-generating solution to ensure that individuals can continue to enjoy their desired lifestyle.
The plan comprises two main phases:
- Saving phase, where customers place money into National Bonds every month for a period of their choosing between three and 10 years
- Income phase, where customers begin drawing income every month, receiving their base investment amount monthly plus their accumulated profit
For example, if customers save AED5,000 monthly for 10 years, they could expect to receive AED7,500 monthly for the subsequent 10 years.
Similarly, if customers were to save AED5,000 per month for five years, but choose to redeem within a period of the next 3 years, they could take home a monthly amount of AED10,020 for three years– more than double the monthly savings.
Customers who opt for Second Salary need to place a minimum monthly investment of AED 1,000 for a minimum period of three years.
With complete flexibility provided to customers over the amount and tenure of the savings and salary phases, customers can devise their Second Salary plan to create the safety of a supplementary monthly income for the future.
Customers can also choose to redeem their savings as a lump sum instead of monthly payments to fulfil their financial goals, such as payment of education fees, down payment for a house, or for investments.
The plan is the first part of a long-term programme aimed at providing the best retirement plans in the UAE.
UAE National Bonds Second Salary savings scheme
Second Salary is designed to empower people by offering a personalised additional income-generating solution to ensure that individuals can continue to enjoy their desired lifestyle.
The plan comprises two main phases:
Saving phase, where customers place money into National Bonds every month for a period of their choosing between three and 10 years
Income phase, where customers begin drawing income every month, receiving their base investment amount monthly plus their accumulated profit
For example, if customers save AED5,000 monthly for 10 years, they could expect to receive AED7,500 monthly for the subsequent 10 years.
Similarly, if customers were to save AED5,000 per month for five years, but choose to redeem within a period of the next 3 years, they could take home a monthly amount of AED10,020 for three years– more than double the monthly savings.
Customers who opt for Second Salary need to place a minimum monthly investment of AED 1,000 for a minimum period of three years.
With complete flexibility provided to customers over the amount and tenure of the savings and salary phases, customers can devise their Second Salary plan to create the safety of a supplementary monthly income for the future.
Customers can also choose to redeem their savings as a lump sum instead of monthly payments to fulfil their financial goals, such as payment of education fees, down payment for a house, or for investments.
