VCs are extra savings you choose to make into your RSA, above your mandatory pension contributions. They are a great way to boost your retirement savings and benefit from tax advantages.

You can withdraw 50% of your VCs once every two years. The remaining 50% can be accessed at retirement. As per PenCom rules, tax will apply if VCs are withdrawn within five years of contribution.

It's a PenCom framework that invests your pension in different "Funds" based on your age and risk appetite. Younger contributors are in growth-focused funds (like Fund II), while those closer to retirement are in more conservative funds (like Fund III) to protect savings. This structure aims to maximize your returns over your career.

Fund VI is an active choice for clients who want their pension invested according to non-interest (Shari'ah-compliant) principles. It avoids industries like alcohol, gambling, and weaponry, focusing on ethical, real-asset-backed investments. Any RSA holder can opt-in.

This is the default, low-risk fund for all retirees on Programmed Withdrawal. Its primary goal is to preserve your capital while providing a steady income stream during your retirement.