A personalised pension plan that caters to your retirement goals.

An ARS is a personalised pension plan that provides a tax-free way of saving for retirement. Self-employed persons, professionals and contract workers not currently in another pension plan can benefit from the most tax efficient vehicle to save for retirement.

The Benefit of an ARS

The Prime ARS Benefits

Higher Contributions

Persons can contribute up to 20% of their annual income per year to an ARS. We encourage persons to maximise this limit as it reduces your income tax burden.

Tax-Deductible Contributions

Contributions made to your ARS are tax deductible; meaning that they are taken out before income tax is applied. This lowers your income tax payment.

Tax-Free Investment Gains

All investment gains are tax-free with no time limit. This compares favourably to Long-term Savings Accounts (LSA) where the tax-free limit is $1M per year to a maximum of five years.

For the Company

  • Minimal administration required
    • No need to establish a Board of Trustees
    • No regulatory reporting requirements
  • No expense for the company
  • Benefit preserved until retirement
  • Allows flexibility in making contributions. (Company may determine their contribution rate for each category of employees.)

For the Employees

  • Tax Free Savings
    • Contributions made to your Prime ARS are tax deductible;
    • All investment gains are tax-free, with no time limit.
  • Allows flexibility in making contributions.
  • Employees make the investment decision (under the guidance of VMPM’s professional investment advisors
  • Free Annual portfolio reallocation
  • Online Access
  • Transferable (no minimum period )
  • Death and ill health benefits
We’re a Better Option
Portfolio Options

We've got the right options for you

Our Prime ARS portfolio options are the individual retirement savings vehicle with a defined contribution benefit structure, allows for flexibility in the contribution rates and no expenses on the part of the Employer.

The Prime Accumulator

Principally invested in short term money market instruments, to minimize the risk of capital loss and
volatility.

The Prime Advantage

Invested in US dollar fixed income instruments, and US Indexed Bonds, created to hedge against
depreciation of the JMD.

The Prime Accelerator

Principally invested in local equities with an allocation to high yielding fixed income instruments.

The Prime Super

A balanced approach which includes a mix of equities, Jamaican and US dollar fixed income instruments
and short-term securities.

Why Is An ARS A Better Option Than A Company-Sponsored Pension Plan?

Many small and medium-sized entities have long considered a pension plan for their valued long serving staff members but were concerned about the numerous and time-consuming legal and regulatory requirements.

Principally invested in short term money market instruments, to minimize the risk of capital loss and
volatility.

Invested in US dollar fixed income instruments, and US Indexed Bonds, created to hedge against
depreciation of the JMD.

Principally invested in local equities with an allocation to high yielding fixed income instruments.

A balanced approach which includes a mix of equities, Jamaican and US dollar fixed income instruments
and short-term securities.

Challenges Eliminated by an ARS solution

To become eligible to join our ARS persons:

  • Should be between the age of 18-64 years
  • Be a resident of Jamaica
  • Should not be an active member of another ARS
  • Should not be an active member of a Company sponsored pension plan

ARS Portal

Manage your pension plans through our ARS portal.

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