Retirement Savings Benefit
It is unjustifiable to not save for retirement. Having that money handy, prepares members in case they retire earlier than expected. Everyone has the right to look forward to a happy and financially secured retirement after countless years of working. To be financially secured at retirement, members will need to save adequately in order to provide 2/3 of their last drawn salary to continue the same lifestyle they have become accustomed to.
At Koperasi NUCW, we mould a retirement savings scheme for our co-operative members and aims to ease members’ financial burdens after their retirements. With this designated scheme, members have the flexibility to save more and fast by increasing their monthly subscriptions at any time while enjoying the guaranteed dividends. In addition, member’s savings are been monitoring and supervision by the Co-operative Societies Commission of Malaysia and Co-operative Societies Act 1993.
- Monthly savings start as low as RM30.00 per month.
- Guaranteed annual dividends on members’ savings.
- Offers flexibility to members by choosing to save more and fast by increasing their monthly subscriptions at any time.
- Offers a safe and convenient way to members to save for their future retirement.
- Cultivate the habit of thrift among members.
- A much valued savings that will generate high annual dividends on accumulated funds in members’ accounts over the years.
- Aims to ease members’ financial burdens after their retirements.
- Helping members to enjoy other membership benefits while saving for their future retirements.
- Management of members’ savings protected through monitoring and supervision by the Co-operative Societies Commission of Malaysia and Co-operative Societies Act 1993.
* Subject to Terms & Conditions.
A SAMPLE SAVINGS + DIVIDENDS SIMULATION TABLE
| Monthly Savings | 5% | 8% | ||||||
|---|---|---|---|---|---|---|---|---|
| 5 years | 10 years | 15 years | 20 years | 5 years | 10 years | 15 years | 20 years | |
| RM30 | (1800) | (3600) | (5400) | (7200) | (1800) | (3600) | (5400) | (7200) |
| 2,088 | 4,659 | 8,019 | 12,331 | 2,281 | 5,632 | 10,557 | 17,792 | |
| RM50 | (3000) | (6000) | (9000) | (12000) | (3000) | (6000) | (9000) | (12000) |
| 3,481 | 7,924 | 13,595 | 20,832 | 3,802 | 9,387 | 17,595 | 29,654 | |
| RM100 | (6000) | (12000) | (18000) | (24000) | (6000) | (12000) | (18000) | (24000) |
| 6,962 | 15,848 | 27,189 | 41,663 | 7,603 | 18,775 | 35,189 | 59,308 | |
| RM150 | (9000) | (18000) | (27000) | (36000) | (9000) | (18000) | (27000) | (36000) |
| 10,443 | 23,772 | 40,784 | 62,495 | 11,405 | 28,162 | 52,784 | 88,961 | |
| RM200 | (12000) | (24000) | (36000) | (48000) | (12000) | (24000) | (36000) | (48000) |
| 13,925 | 31,696 | 54,378 | 83,326 | 15,206 | 37,549 | 70,378 | 118,615 | |
| Sample Investment Growth |  |  |
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