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Individuals who are self-employed or employed with a company that does not have a pension plan or for

whatever reason are not eligible to participate in the company’s pension plan, may also wish to consider
joining or participating in an ARS.
What is an ARS?
An ARS is a tax-deferred retirement savings plan in which persons who are self employed or who are not
active members of an approved superannuation fund (company pension plan), can make contributions to
an account which will be used for the purpose of providing them with a pension on retirement. An ARS is
operated and established by registered financial institutions and insurance companies, for example Prime
Asset Management Limited and Scotia Jamaica Life Insurance Company, who will invest the contributions
made.

Read more:  A Summary Look At Approved Retirement Schemes in Jamaica