RSA Payment Increased to $15,400 Effective 1 August 2025

The Department of Labour & Pensions announced that, effective 1 August 2025, the annual withdrawal for Retirement Savings Arrangements (RSAs) has increased by $400 to $15,400 per year. This adjustment, in accordance with the latest Department of Labour & Pensions guidance, is designed to provide greater flexibility and peace of mind for members as they transition into retirement.

If you received your annual RSA payment between January and July 2025, you are eligible for an additional payment to reflect this increase.

Remember: Your actual withdrawal may be higher depending on your age and account value; however, the annual payment is now $15,400. For further details, see the full guidance from the Department of Labour & Pensions.

AVCs are Fully Accessible at Retirement

Don’t forget, Additional Voluntary Contributions (AVCs) are fully accessible at the normal age of pension entitlement. Making AVCs can be a powerful way to enhance your retirement income and provide added flexibility.

Planning for Retirement? Get Informed

To help you prepare for this important milestone, we encourage all members to review our “What to Expect When Retiring” informational guide. This resource covers:

• Steps to take before retiring

• Your pension options (RSA vs. Annuity)

• Accessing AVCs

• Frequently asked questions

Download the guide below or visit the resources section at www.chamberpension.ky.

For personalised advice, please contact our administration team at 345-745-7630 or email admin@pensions.ky.

Chamber Pension What to expect when retiring.

Download • 4.84MB

Guidance Note - RSA Disbursement - 1st August 2025_Revised.pdf

Download PDF • 225KB

The Cayman Islands Chamber of Commerce Pension Plan is committed to helping you make the most of your retirement. Follow us on social media for more updates and retirement planning tips.