Mayberry Investments Limited offers to its clients (who do not have access to a company pension fund or scheme) an Individual Retirement Scheme Account (IRS).
This facility allows our clients to save money for retirement In a tax-advantaged way, as tax charged on interest earned is refundable.
Features
IRS provides savings to provide a Pension at Retirement and is accessible to Self-employed or employed individuals in a non-pensionable position.
Persons may not contribute to more than one pension scheme at once and can contribute a maximum contribution of 20% of their basic annual emoluments.
Self-employed individuals may opt to contribute at least once per year.
Flexible as the account can be liquidated at any time without penalty.
All fees and expenses are charged to the plan and not to the account of the member.
Details
Fixed-rate of return
Tax-free savings
Tax-free Lumpsum
Retirement benefit
Death Benefit
Disability Benefit
Attractive administrative and management fee
Benefits
Pay less in taxes as the contributions are deducted from emoluments before income tax is applied, so are the benefits the member will receive from the plan.
Funds can be transferred from another fund/scheme to the Mayberry Scheme free of tax.
Mayberry Investments Limited Asset Management Department offers the client both pre-and post-retirement planning service, which includes financial planning and investment advice.
Why Mayberry Pension Fund Management
What are the trade-offs of a managed portfolio?
Fees
Management fees can eat into your returns compared to self-directed investing.
Less Control
You relinquish some of the control over investment decisions.
Performance Variability
past performance does not guarantee future results. Not all managed portfolios outperform the market
Frequently asked questions
What is the minimum investment amount?
There is no minimum investment amount for Mayberry's existing clients, but new clients must invest at least 1M JMD.
How are fees charged?
Management fees are charged annually, ranging from 1-2%, depending on the portfolio.
Can I switch between managed portfolios?
Yes
Investment Strategy
How are managed portfolios customized?
Your portfolio's asset allocation (stocks, bonds, cash, etc.) will be tailored to your risk tolerance and investment goals (retirement, education, etc.).
How often are managed portfolios reviewed?
Managed portfolios are reviewed regularly to ensure alignment with your goals and market conditions.
Can I make changes to my managed portfolio?
While the manager makes day-to-day decisions, you can adjust your investment strategy or risk tolerance.
