After retirement, UAE residents and expats can make money owing to the introduction of a new savings programme.
Second Salary, a customised savings solution designed for the national and expat populations of the UAE to produce additional income, has been launched, according to National Bonds.
The project, which will eventually provide the greatest retirement plans in the UAE, is just getting started with this plan.
Savings programme for UAE National Bonds Second Salary
Second Salary is a personalised supplemental income-generating service that aims to empower people by enabling them to maintain their preferred standard of living.
The plan is divided into two sections:
Savings phase, during which consumers invest in National Bonds on a monthly basis for a duration of three to ten years of their choosing.
During the income phase, consumers start receiving payments each month that include both their initial investment and any accrued profit.
Customers may anticipate receiving AED7,500 every month for the following 10 years, for instance, if they saved AED5,000 per month for the first 10.
Similar to the previous example, if consumers save AED 5,000 per month for five years but decide to redeem within the next three years, they would get AED 10,020 per month for those three years, more than quadruple their monthly savings.
Customers may design their Second Salary plan with total freedom over the size and length of the saving and salary phases to ensure the security of a supplemental monthly income in the future.
To achieve their financial objectives, such as paying for college costs, a down payment for a home, or investments, customers can also elect to redeem their savings as a single amount rather than monthly instalments.
Customers of Second Salary have the chance to increase their financial security in addition to their economic empowerment through attractive incentives and cash prizes from National Bonds.
Customers may design their Second Salary plan with total freedom over the size and length of the saving and salary phases to ensure the security of a supplemental monthly income in the future.
To achieve their financial objectives, such as paying for college costs, a down payment for a home, or investments, customers can also elect to redeem their savings as a single amount rather than monthly installments.
Customers of Second Salary have the chance to increase their financial security in addition to their economic empowerment through attractive incentives and cash prizes from National Bonds.
