Daakye Master Trust Provident Fund Scheme (Tier 3)

It is a Tier 3 voluntary pension plan for formal sector workers with contributions up to 16.5% enjoying tax exemptions. This is designed to give workers in both public and private sectors a higher lump sum at retirement.

Organizations, unions and associations can form their own provident funds under Daakye Master Trust Provident Fund Scheme to enable their staff or members a top up Lump sum at retirement.

Individuals can also sign on to the provident fund scheme and make contribution towards additional Lump sum at retirement.

Unlike Tiers 1&2, the provident fund can be accessed (collect part or full contributions plus interest) before retirement.