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Claire, 34, bank executive, and Peter, 39, marketing manager
“With all the retirement issues there are at the moment, we want to provide for ours”
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Although they currently have no problems earning money, Claire and Peter are aware that there remain many uncertainties in the current retirement pension system (age pyramid, demographic change, increasing life expectancy, etc.). Rather than rely on the State, which has ever increasing debts, they are looking to protect their interests themselves.
By opening an ETERNITY FUNDS account, they are making this wish a reality: with a modest monthly payment of $300 into their respective accounts, they will gradually build up a capital sum which will pay dividends when the time comes in the form of a monthly annuity of $1 732 each in twenty years. As their current monthly combined income of $6 200 is more than enough to live on, they have opted for capitalisation mode, which allows them to accelerate the growth of their annuity: every day, the interest earned is added to the capital. By naming each other as beneficiaries in the event that the other dies, they allow their partner to maintain the same income by passing on their annuity entitlements, and do not have to pay any fees or taxes in the process.
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