For many people, retirement is not an end but the beginning of a new period to enjoy life, to carry out awaiting plans and do what they like. Do you have any plan to accomplish your dreams during retirement ages without worrying about finance?

Prudential Vietnam is pleased to introduce PRUretire smart - a financial solution that enables you better prepare for your retirement ages.

The Product Benefits

A. Save more with income tax relief

- Deduction up to VND 12 million/year from your taxable income.

- Save more with your own retirement plan.

Sample illustration of income tax benefit

Monthly income

Monthly Personal income tax (i)

Annual Tax saved
(3)=12*[(1)–(2)]

Contributions to pension plan

% contribution saved due to tax reduction
(6)=(3)/(4)*100%

Monthly Personal income tax w/o pension (1)

Monthly Personal income tax with pension (2)

Regular annual contribution (4)

Annual amount actually paid
(5)=(4)–(3)

20.000.000

640.000

540.000

1.200.000

12.000.000

10.800.000

10%

30.000.000

2.053.000

1.877.250

2.109.000

12.000.000

9.891.000

18%

40.000.000

4.033.000

3.833.000

2.400.000

12.000.000

9.600.000

20%

50.000.000

6.328.750

6.078.750

3.000.000

12.000.000

9.000.000

25%

100.000.000

21.018.250

20.668.250

4.200.000

12.000.000

7.800.000

35%

Take advantage of personal income tax relief
to save more with less contritution !

(i) Deductions regulated by the current law (VND 9 mil. for self non-taxable deduction, 10.5% of gross income deducted for social insurance, health insurance and unemployment insurance) have been taken into account but dependant reductions are not counted. Please consult his/her tax advisor for any tax related advice.

B. Grow your savings effectively and safely in pension fund

Earn interest from the actual performance of Pension Fund. The pension fund will be invested in stable return assets to ensure your pension plan continues growing(ii).

(ii) Under any market circumstances, minimum crediting rate is guaranteed at 2% per annum during the Policy term.

C. Enjoy financially independent retirement with pension benefits

"Golden age" benefit:

20% of Pension Account Value (PAV) will be paid right after you reach the Retirement age (iii). This can be a meaningful reward enabling you to enjoy desirable travelling or realize your dream plans after years of dedication to family and work.

Regular pension benefits:

The remaining PAV will be paid regularly in 15 years. This can provide a stable income stream to help you being financially independent and worry-free in your retirement years.

Special: your PAV will continue earning interest throughout the pay-out period (ii).

Illustration(iv)

Mr. A, age 35, monthly income VND 30 million. A purchases PRUretire smart and contributes VND 12 million p.a. to the Pension Fund.

Unit: VND

Apart from the benefits mentioned above, should the Life Assured die or suffer from TPD, the death and funeral support benefits will be also payable. Please refer to the Terms and Conditions for more details.

Notes:

Purchasing pension policy is a long term commitment and the Life Assured is not allowed to withdraw from the PAV unless he/she has lost working capability from 61% or has been diagnosed of critical illness as regulated by current laws or is a Vietnamese citizen which has been legally allowed to reside in another foreign country.

(ii) Under any market circumstances, minimum crediting rate is guaranteed at 2% per annum during the Policy term.

(iii) Retirement age is 55 and 60 for female and male, respectively.

(iv) The saving value is illustrated at interest rate of 5% p.a. and the total actual regular contribution is calculated after deducting the PIT relief benefit (~VND 2.11 mil per year x 25 years = ~VND 53 mil.). The declared crediting rate is subject to Pension fund performance and can be higher or lower than the illustrated rate above.

Who can buy this product?

Entry age of life assured
• Female: 18 – 54 years old
• Male: 18 – 59 years old

Accumulation period: retirement age – entry age
Pay-out period: 15 years

Be prepared for your financially independent “golden age” with
PRUretire smart from today!