As an employer, you need to be able to attract and retain high calibre staff. One of the ways in which several leading organizations do this is through the establishment of a Retirement Benefits Scheme.
The principle objective of Employers setting up a Retirement Benefits Scheme is to provide:-
1) Tax benefits for their employees while in employment upon their retirement and;
2) Financial security benefits upon their retirement
3) Widows/widowers and dependents’ benefits in the event of death before retirement.