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Voluntary Contribution Scheme |
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We also provide advice to clients that require information on the Voluntary contribution scheme.
This is applicable to existing account holders who may want to contribute more that the statutory contribution of 7.5% of relevant income per employee and employers respectively.
Subject to approval from the National Pension Commission, any holder of Voluntary Contribution Account may withdraw from the account after 5 years of contributing into the account which is tax free and may also withdraw within 5 years but will be subject to some level of tax.
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