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ADCB - Retirement Savings Plan
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Features: No Salary Transfer |
Our guaranteed savings plans, are plans designed to provide you with guaranteed benefits that allow you to face the future, not only with confidence, but with your dreams in mind.
As some of the best things in life are not always free and some can cost quite a bit – be it your daughter’s wedding, general savings, your dream home or your own retirement. Whatever your aspirations for the future are, our capital guaranteed savings plans can help you achieve them.
Retirement should be the most enjoyable period of your life – the time to discover new hobbies, to travel the world or even start your own business.
However, the ability to afford the lifestyle of your choice after retirement requires careful planning and savings.
A Retirement Plan is the ideal tool to provide you with guaranteed benefits to help you retire on time while making sure your dreams of a happy retirement become a reality.
All you need to do is tell us more about your goals and we will provide you with the plan that fits your needs. It is imperative to note that the earlier you start saving toward your future goal the lesser the contribution amount that you are required to make.
Example
Scenario 1: If you are 30 when you take out the plan and select a retirement age of 55, you would need to make contributions for 25 years. Let’s assume that you are targeting a guaranteed pension of $25,000 per annum, payable for life.
Scenario 2: Now, let’s take a different scenario. You are 45 and defer retirement until you’re 60, with 15 years to make contributions, targeting the same $25,000 per annum, payable for life.
* The indicative average net investment composite yield generated by the strategy above was taken at an assumed growth rate of 4.00% p.a.
Disclaimer:
Insurance Products are made available to clients based on their need analysis and request. Insurance products are underwritten by respective insurance providers and issued subject to their terms and conditions. Abu Dhabi Commercial Bank (ADCB) does not offer insurance advice, nor does it manage, underwrite or issue insurance policies. ADCB is not responsible for rejected applications or claims by any insurance company. Premiums received by ADCB for insurance plans are not bank deposits. Investment products are not bank deposits and are not guaranteed by ADCB. They are subject to investment risks, including possible loss of principal amount invested. Past performance does not guarantee future results. Please refer to ADCB Terms & Conditions for Investment Services. This web-page is for information purposes only and does not constitute an offer or solicitation to purchase investment products.
As some of the best things in life are not always free and some can cost quite a bit – be it your daughter’s wedding, general savings, your dream home or your own retirement. Whatever your aspirations for the future are, our capital guaranteed savings plans can help you achieve them.
Retirement should be the most enjoyable period of your life – the time to discover new hobbies, to travel the world or even start your own business.
However, the ability to afford the lifestyle of your choice after retirement requires careful planning and savings.
A Retirement Plan is the ideal tool to provide you with guaranteed benefits to help you retire on time while making sure your dreams of a happy retirement become a reality.
All you need to do is tell us more about your goals and we will provide you with the plan that fits your needs. It is imperative to note that the earlier you start saving toward your future goal the lesser the contribution amount that you are required to make.
Example
Scenario 1: If you are 30 when you take out the plan and select a retirement age of 55, you would need to make contributions for 25 years. Let’s assume that you are targeting a guaranteed pension of $25,000 per annum, payable for life.
| DESIRED RETIREMENT AGE - 55 Years | |||
| Desired Retirement Age | Plan Tenor | Required Annual Contribution | Guaranteed Retirement Income (payable for life)* |
| 55 | 25 | $7,537 | $25,000 |
| DESIRED RETIREMENT AGE - 55 Years | |||
| Desired Retirement Age | Plan Tenor | Required Annual Contribution | Guaranteed Retirement Income (payable for life)* |
| 60 | 15 | $15,356 | $25,000 |
Disclaimer:
Insurance Products are made available to clients based on their need analysis and request. Insurance products are underwritten by respective insurance providers and issued subject to their terms and conditions. Abu Dhabi Commercial Bank (ADCB) does not offer insurance advice, nor does it manage, underwrite or issue insurance policies. ADCB is not responsible for rejected applications or claims by any insurance company. Premiums received by ADCB for insurance plans are not bank deposits. Investment products are not bank deposits and are not guaranteed by ADCB. They are subject to investment risks, including possible loss of principal amount invested. Past performance does not guarantee future results. Please refer to ADCB Terms & Conditions for Investment Services. This web-page is for information purposes only and does not constitute an offer or solicitation to purchase investment products.
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
