CASH ACCUMULATION PLAN.

                                                   Call: 07035759608,07084350137

How to get a very Good Tax rebate and benefit from the government, still with high returns back to your account

How does the tax rebate works

Amongst other benefits of CASH ACCUMUTATION PLAN (CAP), I will discuss this in detail because with this you can benefit directly from the government. For a brief history of the company click here.

Tax Rebate simply means an amount of money that is paid back to you because you have paid too much or an amount of money taken away from the cost of something before you pay for it.   

Discussing this, we will keep it simple for a better understanding. There are a lot of intricacies in calculating tax which could get you confused, therefore let’s keep it simple.

Nontaxable deductions are:

1. Pension deductions

2.  National Housing Fund deductions

3. Life Assurance Payments

4.  National Health Insurance Scheme

5. Gratuity

      What this means is that if you have any of the above deduction in any payroll month, the amount becomes part of your tax relief!

Below is Mr. John payroll with a salary of 30million naira annually.

1.  Pension deductions…………………....…….N2,100, 000.00

2.  National Housing Fund deductions………….N2,000, 000.00

3. Life Assurance Payments…………………….N6,000, 000.00

4. National Health Insurance Scheme and……....N200,000.00

5. Gratuity…………………………..………….N300, 000.00

Total……………………………………………N10,600,000.00

Tax Rebate Analysis

Gross salary………………………………….N30,000,000.00

Less Non taxable deduction …………………N10,600,000.00

Taxable income …………………………..….N19,400,000.00

Less Tax deduction of  10% ………..………N1,940,000.00

Net salary  …………………………….…….N17,460,000.00

In this case, without insurance Mr. Rice taxable income is 25,400,000.00

But with the presence of an insurance cover of 6,000,000.00. N1,200,000.00  returns to him annually as his tax rebate

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NOW CASH ACCUMULATION PLAN IN FULL

We are pleased to introduce to you cash accumulation plan, designed especially for Chief Executive Officers and business owners. It is specially designed to enable individuals actualize discipline personalized savings in order to have a personal retirement plan, maintain business growth and provide solid financial back-up in times of need, while giving you life Insurance coverage. This policy also serves as a viable investment scheme and aids parents to consolidate on the education of their children to any level.

BENEFITS

1. THREE PAYMENTS

AIICO pays the sum assured in three installment as follows:

A. 25% of sum assured at the end of 5 years.

B. 25% of sum assured at the end of 10 years.

C. 100% of sum assured at maturity plus all accumulated bonuses.

  

2. BONUSES

AIICO declares a reversionary bonus of 3% of the sum assured annually in the policy. This bonus acquires cash value and is added to the face amount. It is paid at maturity.

3. PROTECTION

Throughout the duration of the policy, the insured is covered to the tune of the sum assured plus all bonuses. No deduction is made for any installment already paid.

4. GUARANTEED INFLATION PROOF

The policy also offers a guaranteed inflation proof addition which enables the insured to increase his/her policy volume in accordance with the prevailing inflation rate, thus ensuring the desired result and objectives of the policy on maturity.

5. POLICY LOAN FACILITY

The policy offers the insured the opportunity of loan from the company after two years of the policy. This loan attracts an interest of only one percent (1%) monthly and requires no collateral. The policy document serves as collateral.

6. GUARANTEED HIGH RETURNS ON INVESTMENT

This policy offers a guaranteed growth and returns on the investment that is not affected by any political, economic or social factors.

OTHER ADDED BENEFITS AT NO COST

A. Personal disciplined savings for future need/purpose, with a very high return on investment.

B. Business expansion as proceeds can be plugged back into existing business and thereby a guaranteed growth.

C. Retirement purpose. The policy can be used as a personalized retirement package.

D. Financial security for dependent(s) as the guaranteed sum assured is payable to the dependent(s) in the case of unexpected death. And throughout the duration, the policy holder enjoys full sum assure cover.

E. Accidental death/disability income benefits are offered. AIICO pays additional N1 million to the sum assured in case of death through accident.

F. Waiver of premium. In the case of permanent disability due to sickness or accident, AIICO will waive off payment of future premium while the policy remains in force as if the policy owner is paying premium normally.

G. Worldwide service. You can pay your premium anywhere in our over 60 associate companies worldwide.

Illustration of sum assured, premium and estimated benefitS

sum Assured	Premium (yearly) (N)	3% of sum Assured(yearly) bonus rate (N)	25% partial maturity of sum assured (n)	25% partial maturity of sum assured (N)	100% of sum assued (n)	maturity value (N)
1m	120,000	30,000	250,000	250,000	1m	2.5m
2m	240,000	60,000	500,000	500,000	2m	5m
3m	360,000	90,000	750,000	750,000	3m	7.5m
4m	480,000	120,000	1,000,000	1,000,000	4m	10m
5m	600,000	150,000	1,250,000	1,250,000	5m	12.5m
10m	1,200,000	300,000	2,500,000	2,500,000	10m	25m
20m	2,400,000	600,000	5,000,000	5,000,000	20m	50m
25m	3,000,000	750,000	6,250,000	6,250,000	25m	62.5m
30m	3,400,000	900,000	7,500,000	7,500,000	30m	75m
35m	4,000,000	1,050,000	8,750,000	8,750,00	35m	87.5m
40m	4,400,000	1,200,000	10,000,000	10,000,000	40m	100m
50m	5,600,000	1,500,000	12,500,000	12,500,000	50m	125m
60m	6,300,000	1,800,000	15,000,000	15,000,000	60m	150m
70m	7,400,000	2,100,000	17,500,000	17,500,000	70m	175m
80m	8,700,000	2,400,000	20,000,000	20,000,000	80m	200m
90m	9,800,000	2,700,000	22,500,000	22,500,000	90m	225m
100m	12,000,000	3,000,000	25,000,000	25,000,000	100m	250m

who can benefit from this?

Anyone interested in security investment for his or her dependent(s) and also wants to have an investment plan that will guarantee good return on the investment can use this to also plan for his or her retirement.

For more details on this, or a one on one meeting:

Call 07035759608, 07084350137

Email: abijaferdinand@gmail.com

If you live in Lagos and want to visit our office, our address is:

AIICO HOUSE

203/205, Oshodi/Apapa Expressway, Isolo, Lagos.

(Iyana Isolo Bus Stop)

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Testimonial

There could still be a few people in doubt and may be asking, “Does this really work?”  “Will I be paid as said?” etc. Take a look at a testimonial from one of our happy clients, a barrister. We have many happy clients like him, but I just want to display his testimonial only because he permitted us to do so. Many of our clients don’t want us to make their private investment public.