Right for you if:
You want to save up to 20% of your annual income towards your retirement while receiving tax-deferred earnings on the amount.
ScotiaBRIDGE is recognized under the Pensions Act, 2004 as an Approved Retirement Scheme. This product enables individuals to accumulate tax-deductible contributions during their working years and to invest these contributions until they retire.
To become a ScotiaBRIDGE plan member, you must not be an active member of an Approved Superannuation Fund or another Approved Retirement Scheme. However if you are self-employed or an employee of a company that doesn't offer a Pension Plan, and you are between the ages of 18 - 68 as well as being a Jamaican resident, you are eligible to become a ScotiaBRIDGE plan member.
On becoming a ScotiaBRIDGE plan member your contributions are invested in units of an Investment fund. Upon reaching retirement age, you must purchase a Payout Annuity or another approved income plan.
Members Handbook and Information Folder
ScotiaBRIDGE Frequently Asked Questions
Scotia Insurance is the marketing name for Scotia Jamaica Life Insurance Company Limited which is a member of the Scotia Group Jamaica Limited. **Earnings are tax-free during the accumulation period of the plan.