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

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

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 employees’ financial goals. The scheme, which is targeted towards 89 per cent of the UAE’s population that are expats, will help employees of registered corporates get a head start in retirement planning and strengthen their financial resilience through the attractive competitive returns being offered by National Bonds under this programme,” National Bonds, which is owned by the Investment Corporation of Dubai, said in a statement on Tuesday.

Through National Bonds’ easy-to-use mobile application, employees will have visibility