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Compare Nigeria's two PENCOM retirement income options — fixed annuity versus programmed withdrawal from your RSA — side by side.
25% Lump Sum (taken first, both options)
₦1,250,000
Remaining corpus invested: ₦3,750,000
₦26,866
per month, for life
₦36,188
per month (20 yrs)
An illustration using the figures you entered, for education only — not financial, investment or tax advice. Real returns depend on prices, fees and tax at the time.
Monthly Income = PV × r / (1 − (1 + r)^−n)75% of RSA balance (corpus after 25% lump sum is taken)
Monthly rate = annual rate ÷ 12 ÷ 100
Total months = (life expectancy − retirement age) × 12
Rate offered by the life insurance company (varies by insurer)
Expected annual return on RSA funds managed by your PFA
Questions
Then what
Model the outcome here, then let Shares Saver buy NGX-listed shares with the monthly amount — registered in your name, from ₦10,000 a month.
How to begin investing consistently without waiting for a lump sum.
ReadA step-by-step walkthrough for first-time investors.
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