Earn an additional income each month by investing Dh1,000 in the UAE's Second Salary Programme - an explanation of the process.
The UAE has introduced an exciting investment-based plan called the Second Salary programme, launched by National Bonds in 2023. This innovative programme allows residents to earn an additional monthly income without needing a second job.
The Second Salary programme functions as a savings and investment option, backed by the UAE government. It enables participants to grow their wealth steadily and receive periodic income streams. With a minimum monthly investment of just AED 100, this programme is designed to supplement an individual's primary income, effectively acting as a "second salary" generated through investment returns.
Key features of the Second Salary programme include its flexibility, security, and potential for monthly income payouts, in addition to capital growth potential. The savings period can range from three to 10 years, and the programme consists of two main phases: the saving phase and the income phase.
During the saving phase, a fixed amount is deposited monthly into a National Bonds account. In the income phase, the participant receives their earnings. This steady stream of passive income is a major draw for investors.
Participants in the Second Salary programme also benefit from government-backed National Bonds, enhancing the security of their investment. Moreover, the programme offers a rewards programme with significant prize pools, such as AED 36 million in rewards, adding an incentive element alongside the income earned from the bonds.
To participate in the Second Salary programme, individuals must meet eligibility criteria set by National Bonds UAE, which typically includes being a UAE resident and complying with investment minimums (starting from AED 100 monthly). The exact documents needed to buy National Bonds are available through official National Bonds channels.
The potential returns on the Second Salary programme derive from the monthly income generated by the savings invested in National Bonds, combined with the possibility of periodic rewards in the form of prize draws. While exact yield rates are not fixed due to the reward element, the combination of secure principal, regular income, and rewards creates a compelling return profile.
National Bonds states that the Second Salary programme is part of a broader plan aimed at offering some of the UAE's best retirement options. This programme offers a personalised savings and income strategy with added benefits such as rewards and cash prizes.
In summary, the Second Salary programme by National Bonds in the UAE offers government-backed, flexible savings with low entry thresholds, monthly income options, and participation in substantial reward draws, helping residents generate supplemental income passively without requiring additional employment.
- The Second Salary programme, launched in 2023, is a UAE government-backed investment-based plan that functions as a savings and investment option, catering to individuals who wish to earn an additional monthly income without needing a second job.
- This innovative programme, designed to supplement one's primary income, offers flexibility, security, and the potential for monthly income payouts, in addition to capital growth potential.
- The programme is part of the UAE's broader plan aimed at offering some of the best retirement options, providing a personalised savings and income strategy with added benefits such as rewards and cash prizes.
- With the Second Salary programme, participants can invest as little as AED 100 per month, and are eligible to participate in periodic prize draws, making it an attractive option for those seeking passive income streams within the context of both personal-finance and investing.
