Investments exist in a variety of packages. Sometimes an option comes along that doesn’t cost much, but makes a lot of sense.
GENERAL FEATURES
- The Plan requires monthly compulsory investments in fixed denominations of at least XCD100.00
- Retirement age shall be optional from 55 - 65 years subject to contributions for a minimum of ten (10) years.
BENEFIT
- Annual taxable allowance up to XCD8,000 of contributions
ELIGIBLE INVESTORS
- Investors must be equal to or over the age of eighteen (18) years. Investors are allowed to be the primary holder of only one BOSL WISE Account.
Retire comfortably knowing that you have prepared for the time of your life. Invest wisely with Bank of Saint Lucia’s Wise Retirement Account and select one of three convenient payment options at your investment’s maturity:
LUMP-SUM PAYMENT
- A one-time payment of your matured investment return.
ANNUITY
- A terminating stream of fixed payments over a specified period of time upon maturity
REDUCED ANNUITY + PART GRATUITY
Our BOSL Wise Retirement Account (BOSL Wise) is the perfect investment plan where you can easily and safely save for retirement while enjoying tax benefits from your contributions. In addition, you earn an attractive rate of return on your growing investment.
Investing in a BOSL Wise account is easy. Simply:
- Make your decision
Your first and most important step is your decision to start saving now for your future. By choosing the BOSL Wise Retirement Account, you have taken the first step towards providing for you and your family in your golden years.
- Review all available Information and Complete the Application Form.
Read all information on the BOSL Wise Retirement Account to understand its benefits and features.
ARE YOU READY?
Retirement starts with a vision and comes to life with a plan. Let us help you plan the right way with a BOSL WISE Retirement Account – visit retirement.bankofsaintlucia.com to sign up
NEED MORE INFORMATION?
Would you like an appointment to speak with a representative?
Contact customer.service@bankofsaintlucia.com for further assistance.