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The National Superannuation Fund Limited (Nasfund) is aware of the commencement of legal proceedings brought by a former employee.
Superannuation is a long-term savings plan designed to provide income during retirement. It offers financial benefits through regular contributions and long-term investment growth.
To grow your Nasfund superannuation, actively contribute regularly, whether through employer contributions or voluntary top-ups, to boost your retirement savings.
To minimize tax on your Nasfund superannuation payout, keep your savings invested for at least 15 years. This reduces your exit tax to 0%, compared to higher rates for earlier withdrawals, while also maximizing your savings through compound growth.
National Superannuation Fund Ltd or Nasfund is an accumulation fund and was the first Approved Superannuation Fund to be licensed by the Central Bank under the Superannuation (General Provisions) Act 2000 in 2002.
Eda Supa is for anyone who is earning some form of income and wants to save in a superannuation environment, farmers, sole traders and small business owners.
Nasfund's investee companies are carefully selected to align with the fund's strategy of delivering consistent returns, ensuring sustainable growth, and maximizing value for its members.
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The interim rate is the crediting rate the fund uses for withdrawals
A benefit that is offered to members while they still contribute to the Fund
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Nasfund firmly denies the allegations made against it and intends to vigorously defend these proceedings through the appropriate legal process.
As a matter of fundamental principle, Nasfund is entitled to the benefit of established due process for civil matters and will not be prejudged. The burden of proof rests with the claimant, and Nasfund is confident that, upon proper examination of all the evidence, the allegations will not be sustained.
Nasfund is committed to engaging fully and transparently with the court in accordance with its legal obligations and will present its position in full at the appropriate time and forum.
Given that these matters are now before the court, it would be inappropriate for Nasfund to comment further on the specific details of the allegations or the evidence at this stage.
Nasfund reassures its members, stakeholders, employees, partners and the public that the allegations are unfounded and do not reflect our business practices, values, or commitment to our members and partners.
Nasfund has built its reputation on a foundation of integrity, transparency, and compliance with all applicable laws and regulations. We remain fully committed to delivering our services without interruption.
Nasfund asks that the media and the public respect the integrity of the legal process and approach reporting on this matter with appropriate regard for the presumption of fairness and Nasfund’s right to have the matter determined by a competent court.
In so far as any media in relation to these proceedings are defamatory, Nasfund and its employees and directors reserve their legal rights.
Authorized byNasfund Chairman, Mr. Christopher Elphick
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Please contact us on: Call: 1588Email: help@nasfund.com.pg
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