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Individual Retirement Account

CCSL’s Individual Retirement Accounts are managed by professionals with the technical expertise to help clients realise their retirement goals with the right type and mix of investments to meet their retirement objectives.

  • Benefit from Tax-deductible contributions and grow your  retirement fund, Tax-Free!
  • Flexible payment schedules for contributions
  • Professional management of retirement savings
  • Free Financial & Retirement Planning Consultations

You work to satisfy your needs today, but what about tomorrow? Don’t wait to find out. Prepare for an easier tomorrow the smart way with a CCSL IRA, tailored just for you.

Frequently asked questions about Individual Retirement Accounts (IRAs)

What is IRA?
The individual Retirement Account is a long-term investment to create wealth over time, so you can have that money to retire more comfortably.
 
Who can open an IRA?
Employed persons, self-employed persons and young people, from age 18, can start investing for retirement with IRA (as long as you are not presently contributing to a pension fund or retirement scheme. There has never been a better time to open one!
 
Young people can save in an IRA?
Yes! The earlier you begin, the more time you have to create wealth for later on in life.
 
What if I will soon be unemployed?
Redundancy gives you an opportunity to start a more solid long-term investment with any lump sum you receive and an IRA is a good place to put it.
 
How will my money be invested in the IRA?
To give you the best returns, CCSL invests in various markets, diversifying the portfolio across different asset types.  Assets invested in may include Money Market Instruments, Bonds, Stocks and Repos.
 
How will my pension be paid?
On a monthly basis, sent to the address specified by you. Payment can also be sent to your bank or building society account.
 
Do I get any tax advantages with an IRA?
Yes. The IRA is exempt from income tax. It is treated the same way as NIS contributions. Also, you get the full amount of interest that is credited to you at the time of withdrawal. You do not pay the withholding tax.
 
Any other advantages?
Yes. You have the option of choosing to participate into one of or any combination of our three retirement solutions, all tailored to meet specific retirment objectives.  Our Account Executives are ready to assist you in making the selection that meets your retirement objectives.