PenTrust Tier3 Provident Fund Scheme

The PenTrust Tier 3 Provident Fund Schemes is also a master trust voluntary scheme which pools together resources from many contributors. This scheme, by law provides tax reliefs for up to 16.5% and can be used as collateral to secure mortgage for a primary residence as enshrined in the Pensions act. [PenTrust has an arrangement with its partners in the real estate industry to provide this service to clients] Employers are encouraged to take advantage of this scheme as it helps in attracting and retaining the best staff and also entitles the employer to tax relief.