services
retirement savings account
Your Retirement Savings Account (RSA) is your foundation for life after work — a dedicated pension account that puts your financial future in expert hands. At CardinalStone Pensions, every kobo you contribute is professionally managed and invested to grow over time. By law, your employer contributes at least 10% of your monthly salary while you contribute a minimum of 8%, so your savings build steadily whether you're actively thinking about it or not. You'll also receive a unique Personal Identification Number (PIN) to track your pension at any time.
Your RSA exists for one simple reason — so that no matter what life brings, whether retirement, a career change, disability, or the unexpected, you and your loved ones are taken care of. With consistent monthly payments for life, your RSA gives you the financial independence to live on your own terms, long after your working years are over.
benefits
Why Choose Our
Retirement Savings Plan?
1.
Tax Benefits
Offer tax benefits, such as tax-deferred growth or tax-free withdrawals, depending on the type of account.
2.
Contributions
Our RSA offer matching contributions, effectively boosting your retirement savings.
3.
Long Term Savings
These accounts encourage a long-term savings mindset, which can help you accumulate substantial funds for retirement.
4.
Protection
These retirement accounts are protected from creditors in bankruptcy proceedings, providing an extra layer of security.
RSA Guidelines
Contact us;
- Call our Customer Care Unit on +234-9070001020 and request for a CardinalStone Pensions’ account opening package
- Visit our nearest office to register; or
- Download RSA FORM from our website.
You should complete the forms in the package and forward them together with a copy of your identification i.e. international passport or driver’s license and passport photograph, to any of our offices nationwide.
To get started, you would need the under listed
- National Identification Management Commision Slip (NIMC)
- A passport photography against a white background
- Your means of identification.
- A proof of address
- A completed RSA form
- After selecting your plan, you might need to fill out additional documentation.
- Make an initial contribution to activate your account.
- Once your account is set up, you can manage your savings through the CardinalStone mobile app or online portal, allowing you to monitor contributions, view fund performance, and make additional deposits easily.
- If you encounter any issues or have questions, you can contact their customer support, available 24/7, for assistance
- Applicant must be to be at least 18 years old.
- Available to anyone with earned income, including self-employed individuals.
- It requires participants to be residents or citizens of the country where the account is offered.
The Pension Reform Act (PRA) mandates employers to contribute to their employees’ Retirement Savings Accounts (RSAs). The minimum contribution is 10% from the employer and 8% from the employee, totaling 18% of the employee’s monthly earnings. These contributions are transferred to the Pension Fund Custodian (PFC) using the following account details:
- Account Name: UPCL/Radix Pension RSA Contribution A/c
- Receiving Bank: UBA Plc
- Account Number: 1010527796
- Sort Code: 033153665
View Remittance Schedule for contributions
Breakdown of Contributions
- Employee Contribution: 8% (deducted from monthly salary)
- Employer Contribution: 10% (paid by the employer)
How to Contribute to Your RSA
- For Employees: Inform your HR department of your selected Pension Fund Administrator (PFA) and provide your RSA Personal Identification Number (PIN). This PIN begins with “PEN” followed by 12 digits (e.g., PENXXXXXXXXXXXX).
- For Employers: Make payments to the designated PFC account and submit a contribution schedule in Excel format, including employees’ RSA PINs. Ensure an employer code is obtained before initiating remittances.
Your contributions are invested to generate returns for your retirement, and you can enhance your retirement savings by making Voluntary Contributions.