The beneficiaries of the universal pension scheme (UPS) will get tax waiver facilities on their investment and profits.
The beneficiaries of universal pension scheme will not have to pay any income tax on their monthly instalments and profits coming from the scheme.
Can borrow 50% of the money deposited as subscription fee
The mobile financial service providers can charge a maximum of Tk 0.7 for every Tk 100 deposited by the policyholders of the Universal Pension Scheme (UPS) as subscription fees to the pension authority.
Universal Pension Scheme (UPS) is an opportune and pro-people move of the government looking to ensure inclusive and sustainable social safety net for the greater socio-economic development. The move will create a new era in the economic history of Bangladesh.
Business leaders and experts have lauded one of the four packages of a universal pension scheme (UPS) meant for employees of private companies, saying it would enhance post-retirement financial security and benefit employers too.
While a public pension scheme is crucial, discrepancies persist within the government's new pension framework.