The process of determining how to allocate your investment money among different asset classes, such as stocks, bonds, and cash.
The fixed monthly salary an employee receives, excluding allowances or bonuses.
Bonds are loans that you make to a company or government. When you buy a bond, you are lending money to the company or government. The company or government agrees to pay you back the money you loaned them, plus interest, over a set period of time.
Investment options that offer a guaranteed return on investment.
Investment options that offer a guaranteed return on investment.
The ability to make decisions about how retirement savings are managed.
Mutual funds can be bought and sold through a variety of brokerage firms, making them convenient for investors.
A defined benefit pension plan guarantees the participant a certain amount of pension at retirement. Pension withdrawals are typically made in the form of annuities.
A defined contribution pension plan guarantees the participant a certain level of contributions. Pension withdrawals are typically made in the form of lump-sum payments.
The practice of investing in a variety of assets to reduce risk. For example- Mutual funds provide diversification, which can help reduce risk.
A mandatory financial payment made by an employer to an employee upon termination of employment in the United Arab Emirates (UAE).
The contributions that employers make to the voluntary contribution scheme on behalf of their employees.
The contributions that employees make to the voluntary contribution scheme.
ETF stands for exchange-traded fund. ETFs are a type of investment fund that is traded on a stock exchange. ETFs typically track a specific index, such as the S&P 500 or the Dow Jones Industrial Average. This means that the performance of an ETF will be similar to the performance of the index it tracks.
The entity that manages the investments of the voluntary contributions.
The regulatory body that oversees the securities and commodities markets in the UAE.
A pension surrender is a process by which a participant in a pension plan can withdraw a portion of their contributions before retirement. Pension surrenders can be made for a variety of reasons, such as to finance a home purchase, pay medical expenses, or simply to access their money sooner.
The surrender value of a pension plan is the amount of money that the participant can withdraw by making a surrender. The surrender value is calculated based on the number of contributions made by the participant, the interest rate of the plan, and the value of the plan’s assets.
Surrender fees are fees charged by a pension plan to make a surrender. Surrender fees can be calculated based on the amount of the surrender, the number of surrenders made by the participant, or other factors.
A pension withdrawal is a payment made by a pension plan to a participant. Pension withdrawals are typically made at retirement, but they can also be made before retirement in some cases.
A withdrawal schedule is a set of rules that determine how pension withdrawals are made. Withdrawal schedules vary from pension plan to pension plan.
