UAE: ‘Golden Pension’ announced for expats to help boost gratuity

UAE: ‘Golden Pension’ announced for expats to help boost gratuity

Private sector employees have the flexibility to contribute as little as Dh100 on a monthly basis and earn a profit on the amount saved, which can be availed in addition to the earned gratuity provided by their organisation

The scheme also aims to support organisations with their employee retention efforts as well as help them plan ahead for the end-of-service financials. — File photo

Published: Tue 11 Oct 2022, 11:41 AM Last updated: Tue 11 Oct 2022, 3:20 PM

National Bonds has launched the first-of-its-kind Golden Pension Scheme in the UAE to ramp up its suite of financial planning solutions for nationals and residents.

The UAE’s leading Shariah-compliant savings and investment company said the pension scheme is developed in line with increasing demand from employers and employees.

As per the terms of the new proposition, employees have the flexibility to contribute as little as Dh100 on a monthly basis and earn a profit on the amount saved, which can be availed in addition to the earned gratuity provided by their organisation.

The scheme also aims to support organisations with their employee retention efforts as well as help them plan ahead for the end-of-service financials.

"The unique initiative aims to help corporates registered with National Bonds support their