A Voluntary Contribution Account
holder may also choose to make lump sum withdrawals at
any time. However, a withdrawal from a VC account will
be subject to tax at the point of withdrawal where the
withdrawal is made before the end of 5 years from the
date the voluntary contribution is made. Download a withdrawals notification form
Pension fund up 27.33%, may hit N1.6trn by 2011.
As more workers in both the private and public sectors of the economy continue to register with licensed Pension Fund Administrators (PFAs) under the contributory pension scheme, there is growing optimism that the scheme would achieve its ambitious growth target of N1.6 trillion in asset by 2011. Read More
