My Mortage (old) – Pension Fund Tourism Sector Aruba

Your first home = self-care

Property is the second best investment. The first kind is YOU. So, when you invest in your place of peace, aka your home, you’re prioritizing A FUTURE THAT HONORS YOU.

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Time to increase your income

There are so many possibilities when it comes to converting properties into additional streams of cash flow. A second property could be your solution.

BENEFITS FOR CHOOSING PFTSA

At PFTSA, we provide essential flexibility for both employers and employees:

Interest: 5.95%
Loan period of 25 years – age 65
Consolidate all existing loans
Pre-approval in less than one week [conditions may be applicable]

EMPLOYEE

Administration costs: 10%.
NO extra insurances are included, so no extra costs are needed.
PFTSA is a foundation, which means:
NO profit tax
NO shareholders

The above makes way for a chance of higher interest.

EMPLOYER

The pension premiums booked by PFTSA will always match the payroll of the company
Period of 15 days to pay the pension premium without any extra charge.

EMPLOYEE/EMPLOYER

Small organization
Extra attention to the client.

SWITCHING PENSION PROVIDER

2/3 part of the employees must agree with the switch;
Two options for the accumulated pension capital at the previous pension provider:
Transfer the accumulated pension capital to the new pension provider Cost: Afl. 250.00
leave the accumulated pension capital at the previous pension provider will receive at retirement age pension of both pension providers

RESIGNATION

Vested policy.

You will still earn interest annually and, at retirement date, will receive your pension.

Transfer value to another insurance company.
Emigration -> Cash out the accrued capital after three years living abroad.

DEATH

Married and children under 21 or 27 years studying and/or disabled: Accrued capital will be used to buy a partner pension and orphan pension.

Single and children under 21 or 27 years studying and/or disabled: Accrued capital will be used to buy an orphan’s pension.
Single and no children under 21 or 27 years studying and/or disabled:

70% of the accrued capital will be paid out as a lump sum to the beneficiaries as stipulated on the Beneficiary Form.

DIVORCE

The accumulated capital during the marriage is part of the estate and will be divided in half.
Can deviate from this via a notary (divorce settlement), or the ex-partner can sign a waiver.

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BENEFITS FOR CHOOSING PFTSA