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RSSPension Questions

Paying pension for a small business

Paying pension for a small business

| 30/08/2017 | 0 Comments
I have a question on small business pension requirement. If you are working but not receiving a salary as you are putting everything into making the company a success, what are your pension responsibilities and how do you determine the amounts? Auntie’s answer: To clarify this question, I confirme [...]

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Allocating pension benefits after death

Allocating pension benefits after death

| 15/08/2017 | 8 Comments
If I die before I receive my pension what happens with that money? Auntie’s answer: Your question actually lends itself to several scenarios, all of which were explained by an official with the Department of Labour and Pensions (DLP). If you are married, then under the law your spouse automaticall [...]

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Pension payouts under the new law

Pension payouts under the new law

| 03/07/2017 | 7 Comments
I’m writing to you to ask about the new pension law in regards to people getting their money when they leave the island. Up to this point, when people left the island, if they had $5K or less they were able to get their money in six months, and for over $5K the wait was two […] [...]

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