ICBL enables Barbadians to appreciate their golden years!
Life and General Insurance provider ICBL, continues to advise persons about the importance of maximizing their retirement savings. At the launch of their Registered Retirement Savings Plan (RRSP) today, the company stressed the value of planning for retirement in ensuring a financially secure future.
“Investing in this plan, even if your budget only allows you to contribute $100 per month, should be a priority since the maturity value of your RRSP depends, to a large extent, on how early you begin to save,” noted Henry Inniss, Senior Vice President and Head of the Life Division.
Opening an ICBL RRSP account requires a minimum deposit of $100. The benefits of an ICBL RRSP include competitive interest rates which are fixed, according to your choice, for a three or five year period and immediate tax benefits of 15% of your assessable income up to a maximum of $10,000 per year.
As the Company continues to emphasize the importance of an RRSP in boosting your retirement income, their RRSP promotion will include the opportunity for clients to receive an additional $500 deposited to their RRSP account. One client will be selected each month for the months of October to December.