Online Banking scheduled Outage

Please be advised that our Online Banking platform will be temporarily unavailable, Saturday 13 July from 12-3am for an upcoming maintenance. This applies to both the mobile app and via desktop.

Cayman National Pension Fund

Additional Voluntary Contributions (AVC) - extra contribution of funds to a pension plan that is above the minimum amount that either an employer or employee is required to pay. Since March 31, 2017 employees can access their AVCs if they are needed prior to reaching the normal age of pension entitlement. Members are permitted, within defined criteria, to access their AVCs in 4 categories: housing, medical, temporary unemployment and educational needs


Normal Age of Pension Entitlement is 65, Early Retirement is 55. On retirement, funds are used to set up a Retirement Savings Arrangement (RSA) or purchase an Annuity.


Under the Law, refunds can be made for a commuted value of less than KYD$5,000

Withdrawal of Pension for Property

In November 2011 the Law was amended to allow Caymanian Members to withdraw up to CI$35,000.00 from their pension to purchase or construct a home, or fully pay off an existing mortgage or purchase residential land. Please contact the Administrator for the defined criteria

Applying for the Fund

  • Employer Initial Application fee of CI$250.00
  • No Fees Charged to Employees/Members
  • No Annual Fees

All employees between 18 and 65 years if age must contribute to a pension plan; with the exception of Caymanians under the age of 23 who are pursuing full time education and non-Caymanian and non-Permanent Resident "household domestics" (e.g. maid or gardener).

As per the Law, members of the Plan must contribute 5% of earnings, with employers matching 5% of Annual Pensionable Earnings. The Annual Pensionable Earnings is capped at CI$87,000.00.

Application Form

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