PETRA TRUST Savings Booster Product Brochure

Your Dreams
Are Within
Reach
®
What is Savings Booster?
Savings Booster® is a
savings plan that provides
you with a competitive
return*, while giving you
the flexibility to access
your funds anytime you
need to.
It is designed to help you remain committed to your
savings plan. With Savings Booster, you can easily
save towards your dreams and financial objectives
(building seed capital for a business, funding your
children’s education, buying your dream home, etc..)
Savings Booster is managed professionally by

experts with over 40 years of collective experience in
managing investment funds.
*Return on this investment is not guaranteed.

5 Great Reasons to
Choose Savings Booster®
1 Safe investments,
great returns.
a. Savings Booster targets higher
return than the 91 days
treasury bill.
b. Savings Booster invests in a
Tier 3 Scheme regulated by the
National Pensions Regulatory
Authority (NPRA).
c. All investments and cash
holdings are in the
safe-keeping of the custodian,
Stanbic Bank.
2 No restrictions
on withdrawals.
a. You can easily withdraw your
funds at any time.
3 No minimum
deposit required.
4 Easy tracking of
your savings.
a. Check your balance online 24/7
b. Receive SMS notifications
each time your account is
credited.
c. Receive quarterly statements
by e-mail.
5 Secure a loan or
mortgage with
your savings.
a. The funds in your Savings
Booster account can serve as
collateral, allowing you to
secure a mortgage facility or a
loan without disrupting the
growth momentum of your
investments.
Save More With
Savings Booster®
Savings Booster comes with a pre-tax option which allows

you to save more than any other product type. This is
because it allows you to add a part of what you would
have paid as income tax to your savings.
The 2008 Pensions Act allows all Ghanaian employees to

save up to 16.5% of their monthly income without paying
income tax.
Regular Savings:
Your
Savings
Savings Booster (Pre-Tax Option):
Your + Part of
Savings Your Income
Tax
Pre-Tax in Detail
Let’s assume your gross monthly salary is GH¢ 2000 and
you put GH¢ 160 of your take-home into regular savings
every month. You will have GH¢ 1,352 of spending money
each month.
a Gross Salary GH¢ 2000

b SSF GH¢ 110
c Taxable GH¢ 1890
d Income Tax GH¢ 378
e Take Home GH¢ 1,512
f Savings Contribution GH¢ 160
g Spending Money GH¢ 1,352
With GH¢ 160 every month in regular savings, you will have
about GH¢ 83,508 with a total gain of about GH¢ 64,308
in profit over 10 years.
Opting for the Pre-Tax option allows you to maintain your

GH¢ 1,352 spending money and yet increase your monthly
savings to GH¢ 200.
a Gross Salary GH¢ 2000

b SSF GH¢ 110
c Savings Contribution GH¢ 200
d Taxable GH¢ 1690
e Income Tax GH¢ 338
f Spending Money GH¢ 1,352
The extra GH¢ 40 comes from the income tax you did not
have to pay.
With GH¢ 200 every month in regular savings, you will

have about GH¢ 104,386. Which is about GH¢ 20,878
more than what you would have gained with regular
savings.
This example assumes an investment return of 25% and an average income tax rate of 20%.
The amount of taxes will differ depending on your actual tax rate.
Cash withdrawals on Pre-Tax accounts before 10 years will be subject to a 15% tax withholding.
Why Petra Trust?
Petra Trust is a corporate trustee licensed by the National
individuals and employers in Ghana. The company was one of

the first trustee companies to be licensed and boasts a strong
client list which includes some of the leading companies in
Ghana. Today, Petra Trust administers tier 2 and tier 3 schemes
for over 250,000 Ghanaian workers in both the formal and
informal sector.
Savings Booster invests in the Petra Opportunity Pension

Scheme, which is professionally managed by Petra Trust to
provide competitive returns.
Get Started in 1 Easy Step
1 Complete the account registration form and submit it

with a passport picture to Petra Trust and we will activate
your account within 24 hours.
*A sales rep will be available to pick up your forms if required.
You can access the sign up form,

by calling 024 243 5037 or e-mailing us at
savingsbooster@petratrust.com
Payments
• No cash payment to any employee or agent of Petra.
• No cash cheques; all cheques should be made payable
to the Savings Booster Payment Account.
New Savings Booster payment options
( USSD, Online payment: MyGHpay).
For Additional information,

Visit: achievemore.petratrust.com
t: 024 243 5037

e: enquires@petrasales.com
w: www.petratrust.com
113, Airport West, Dzorwulu - Accra.
P.O. Box CT 3194, Cantonments, Accra, Ghana.
@PetraOnSocial PETRA - achieve more

PETRA TRUST Savings Booster Product Brochure

Uploaded by

Copyright:

Available Formats

PETRA TRUST Savings Booster Product Brochure

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

PETRA TRUST Savings Booster Product Brochure

Uploaded by

Copyright:

Available Formats

Your Dreams

Savings Booster is managed professionally by

*Return on this investment is not guaranteed.

Savings Booster comes with a pre-tax option which allows

The 2008 Pensions Act allows all Ghanaian employees to

Savings Booster (Pre-Tax Option):

a Gross Salary GH¢ 2000

Opting for the Pre-Tax option allows you to maintain your

a Gross Salary GH¢ 2000

With GH¢ 200 every month in regular savings, you will

individuals and employers in Ghana. The company was one of

Savings Booster invests in the Petra Opportunity Pension

Get Started in 1 Easy Step

1 Complete the account registration form and submit it

*A sales rep will be available to pick up your forms if required.

You can access the sign up form,

For Additional information,

t: 024 243 5037

@PetraOnSocial PETRA - achieve more

You might also like

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.