Shield Provident Fund Scheme

The Shield Provident Fund Scheme is a voluntary, tax-advantaged provident fund and master trust scheme designed to help individuals save more for retirement. Offering tax savings of up to 16.5%, this plan is ideal for businesses looking to enhance employee retirement benefits, promoting retention and long-term commitment.

Contributions :
Contributions are made through payroll deductions and can be funded by the employer, employee, or both. The rate is mutually agreed upon, with the option for pre-tax or after-tax contributions, offering flexibility to suit financial goals

Portability :
Members can transfer accrued benefits when changing jobs, though transfers are subject to vesting rules to ensure regulatory compliance and protect participants’ retirement savings.

Withdrawals and Benefits :
Withdrawals are governed by the employer’s rules, except for voluntary after-tax contributions, which can be withdrawn at the participant’s discretion.

Service Providers :

• Custody Bank: CBG Bank PLC

• Fund Managers: GCB CAPITAL LTD. AND REPUBLIC INVESTMENTS (Ghana) Ltd