The SMART Retirement Plan is an Approved Retirement Scheme sponsored by NCB

Insurance Company Limited (NCBIC) exclusively for members who wish to contribute
towards retirement income.
The Scheme is operated under the guidelines provided by The Pensions
(Superannuation Funds and Retirement Schemes) Act 2004.
Three categories of persons are eligible for membership.

Employed persons who are not members of an approved retirement scheme or

approved superannuation fund, or

Self employed persons who are not currently contributing to an approved retirement
scheme, or

Persons who wish to transfer their benefits from an approved superannuation fund
or retirement scheme upon termination of employment.

Members must be a Jamaican resident between ages 18 and 69 years old.

Members are allowed to incrementally build retirement income and receive tax deferred
benefits as do persons who contribute to superannuation funds

Up to 20% of your remuneration or chargeable income (before tax) may be saved in

the SMART Retirement Plan.

Investment income earned through the years of a members participation in the

SMART Retirement Plan are tax free

Lump sum payments (up to 25% of accumulated value) made at retirement to

members will be tax free

Lump sum paid on death of the member to a named beneficiary is tax fre
Up to 20% of your remuneration or chargeable income (before tax) may be saved in
the SMART Retirement Plan.

Investment income earned through the years of a members participation in the

SMART Retirement Plan are tax free

Lump sum payments (up to 25% of accumulated value) made at retirement to

members will be tax free

Lump sum paid on death of the member to a named beneficiary is tax fre
Contributions may be made monthly, quarterly, semi annually or annually.
Each member must make at least one contribution per year.
Payments can be made using Salary Deductions, Pre-Authorized Payment, NCB e-Link
(internet), NCB IVR (payment via telephone), over-the-counter payments at NCB
branches and any other payment methods introduced from time to time.

NCBIC SMART, a taste of the good life

NCB Insurance Company (NCBIC) officially launched its new individual retirement
product the "SMART Retirement Plan" at a launch event at the LIME Golf Academy
recently. The SMART Retirement Plan is a personalized pension plan that provides
contributors with a monthly income on retirement and contributions are accumulated
tax-free.
NCB Group Managing Director, Patrick Hylton stated, "The NCB Group has a long
history of pension fund management through its subsidiary West Indies Trust Company
Limited (WITCO) which was transferred to NCB Insurance Company in 2007, making
NCBIC the industry leader among Pension Fund Managers in Jamaica with over 40
years of service in the industry. NCBIC is the largest segregated pension funds
manager in Jamaica with dedicated client relationship officers who are experts in
pension regulations and pension administration."
The SMART (Secure Money At Retirement) Retirement Plan is open to Jamaican
residents between the ages 18-69 years who are not contributing to any other
approved pension plan. This is ideal for the self employed, employees of small and
medium-sized enterprises and individuals who were terminated from an approved
plan.
SMART offers tax free benefits such as lump sum payments of up to 25% of the
accumulated value paid to members upon retirement. There is also a tax exemption
for investment income earned through the years of participation. The Plan provides
immediate pension benefits in the event of permanent disability before retirement.
Should a member of the plan die before retirement, the plan refunds the total
accumulated value to your named beneficiary.
Contributing to the fund is simple, as NCB Insurance Company provides flexible
payment options which allow you to pay your contributions monthly, quarterly, semiannually or annually. Payments can be made by salary deduction, pre-authorised
payments, via telephone, at any branch of the National Commercial Bank Jamaica

Limited (NCB) or via the internet through NCB eLink.

NCBIC ensured that attendees experienced some of the grandeur that awaits them at
retirement if they start SMART planning. Guests were taken to the corners of the
world with displays from Africa, Asia, the Middle East and Antarctica. They were
treated to relaxation therapy by spa experts from the renowned Adam and Eve Day
Spa who were on hand to offer back, neck and shoulder massage therapy. The more
adventurous rolled up their shelves and perfected their golf swing at the
complimentary driving range while all enjoyed the fine dining from Cuisine Art by
Jeanette Hutchinson.
SME Execs in attendance were delighted with the offerings. "This evening was a
refreshing experience; one that puts into perspective the life we should all aspire to
enjoy during retirement," remarked Nordia Murray-Lewars, Financial Controller at
Crichton Automotives Limited.
Make the SMART choice, speak to an NCB Insurance Advisor at any NCB Branch or call
1-888-MY-NEEDS (69-63337), they will work with you make the SMART planning
decisions that will help you prepare for life.