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Tax Advantage Plus

Prepare for retirement now!
The Tax Advantage Plus a deferred annuity, which allows you to prepare for your future by making the most of your earnings now. You can plan for the lifestyle you want at retirement and in the event of death, provide for your loved ones.
This retirement plan is tax deductible up to $50,000 per annum. You can also decide how much you want to contribute on a regular basis.
You also have a flexible maturity date and should circumstances change at any time you may also change the date selected. The Tax Advantage Plus affords you automatic free life insurance coverage.  
Your beneficiary or estate will receive all your contributions, the interest earned as well as a life insurance payment *

* The insurance payment is based on your total annual scheduled contribution and the age of your plan . Coverage accumulates at a maximum rate of $12,000.00 per annum. The total life insurance payment will not exceed $150,000.00


Click for First Citizens Tax Advantage Plus Financial Statements 31 December 2020

Click for First Citizens Tax Advantage Plus Financial Statements 31 December 2018




Contribution $100 and up
Interest Payment Yes
Tax Incentive  Yes 
Life Insurance Coverage Yes
Maturity Date From 50th - 70th Birthday
Beneficiary Yes
ATM Card  No


Great Benefits!

  • You gain an income for life plus tax free cash lump-sum at retirement
  • You get free life insurance coverage 
  • Your contributions are tax deductible up to $50,000 per annum 
  • You choose your annuity provider
  • You have the option of investing your First Citizens VISA Gold, Platinum and Signature Credit Card bonus points 


Click here for document requirements 



Take advantage of the Future Fund - a bundled solution of the Tax Advantage Plus and the Immortelle Income and Growth Fund to better prepare for retirement.

More Information


  • paper order
  • efirst
  • Point of Sale Terminal
  • Classic Credit Card “Shopping”