{"id":3011,"date":"2023-03-29T15:29:38","date_gmt":"2023-03-29T11:29:38","guid":{"rendered":"https:\/\/lovin.co\/rak\/en\/latest\/uae-residents-can-now-earn-a-second-salary-with-this-new-initiative"},"modified":"2023-03-29T15:30:21","modified_gmt":"2023-03-29T11:30:21","slug":"uae-residents-can-now-earn-a-second-salary-with-this-new-initiative","status":"publish","type":"post","link":"https:\/\/lovin.co\/rak\/en\/latest\/uae-residents-can-now-earn-a-second-salary-with-this-new-initiative\/","title":{"rendered":"UAE Residents Can Now Earn A Second Salary With This New Initiative"},"content":{"rendered":"<p>UAE is aiming for another superlative&#8230; BEST retirement plans!<\/p>\n<p>And as part of this initiative, National Bonds, the UAE\u2019s leading Shari\u2019a-compliant savings and investment company, today announced the launch of Second Salary.<\/p>\n<h2>The Second Salary is a new initiative to help individuals generate supplementary income<\/h2>\n<p>If you&#8217;re looking to spend a good long time in the UAE you need to get in on this!<\/p>\n<div style='clear:both;'><\/div>\n<p><!--infeed--><\/p>\n<p><iframe loading=\"lazy\" class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/3ohuPnkMjrjE5if5Xq\" width=\"480\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/giphy.com\/gifs\/spongebob-season-4-spongebob-squarepants-3ohuPnkMjrjE5if5Xq\">via GIPHY<\/a><\/p>\n<h2>6. The Scheme is open to UAE nationals and UAE residents<\/h2>\n<p>Second Salary is a customised savings solution created for the UAE\u2019s National and Expat population.<\/p>\n<p><iframe loading=\"lazy\" class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/405kIEbYhpP0GHjSOK\" width=\"480\" height=\"350\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/giphy.com\/gifs\/cbc-schittscreek-schitts-creek-405kIEbYhpP0GHjSOK\">via GIPHY<\/a><\/p>\n<h2>5. This is a first-of-its-kind savings plan<\/h2>\n<p>Second Salary aims to empower people by offering a personalised additional income-generating solution to ensure that individuals continue to enjoy their desired lifestyle.<\/p>\n<p>The plan is the first part of a long-term program aiming to provide the best retirement plans in UAE.<\/p>\n<p><iframe loading=\"lazy\" class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/xT5LMxNn0nPk4AlXuU\" width=\"480\" height=\"364\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/giphy.com\/gifs\/season-3-the-simpsons-3x5-xT5LMxNn0nPk4AlXuU\">via GIPHY<\/a><\/p>\n<h2>4. The new Second Salary plan comprises of two main phases: the Saving and Income phase<\/h2>\n<p><strong>The \u201cSaving\u201d phase:<\/strong> customers place money into National Bonds every month over a period of their choosing between 3 and 10 years,<\/p>\n<p><strong>The \u201cIncome\u201d phase:<\/strong> The customer begins to draw income every month. In this phase, customers receive their base investment amount monthly plus their accumulated profit.<\/p>\n<p>For example, if customers save AED 5,000 monthly for 10 years, they could expect to receive AED 7,500 monthly for the subsequent 10 years. Similarly, if customers were to save AED 5,000 per month for 5 years, but choose to redeem within a period of the next 3 years, they could take home a monthly amount of AED 10,020 for three years\u2013 more than double the monthly savings.<\/p>\n<p><iframe loading=\"lazy\" class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/tZrbdhZCsdORMItXrz\" width=\"480\" height=\"373\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/giphy.com\/gifs\/iitsad-ad-compton-tZrbdhZCsdORMItXrz\">via GIPHY<\/a><\/p>\n<h2>3. Customers who opt for Second Salary need to place a minimum monthly investment of AED 1,000 for a minimum period of 3 years<\/h2>\n<p>It&#8217;s like an investment for your future!<\/p>\n<p><iframe loading=\"lazy\" class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/WmWPKRpUBEkqd7wclU\" width=\"480\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/giphy.com\/gifs\/banco-itau-itau-itauunibanco-unibanco-WmWPKRpUBEkqd7wclU\">via GIPHY<\/a><\/p>\n<h2>2. Customers can also choose to redeem their savings as a lump sum instead of monthly payments to fulfil their financial goals such as payment of education fees, downpayment for a house or for investments<\/h2>\n<p>With complete flexibility provided to customers over the amount and tenure of the savings and salary phases, customers can devise their Second Salary plan to create the safety of a supplementary monthly income for the future.<\/p>\n<p><iframe loading=\"lazy\" class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/3oz8xUJsD8AsihJrtC\" width=\"480\" height=\"270\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/giphy.com\/gifs\/mylabbox-safety-safe-3oz8xUJsD8AsihJrtC\">via GIPHY<\/a><\/p>\n<h2>1. Customers also get access to National Bonds\u2019 attractive AED 35 million rewards program with significantly enhanced chances of winning by up to 30 times, based on the length of the savings term they choose<\/h2>\n<p>In addition to economic empowerment, Second Salary customers have the opportunity to boost their financial well-being with exciting rewards and cash prizes from National Bonds<\/p>\n<p><iframe loading=\"lazy\" class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/N8ntk4hzvVdQoVP4Mq\" width=\"480\" height=\"268\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/giphy.com\/gifs\/sagawards-sag-awards-screen-actors-guild-2023-N8ntk4hzvVdQoVP4Mq\">via GIPHY<\/a><\/p>\n<p>For more information about Second Salary, download the mobile app from Google and Apple stores or visit\u00a0<a href=\"https:\/\/www.nationalbonds.ae\/product-details?item=fc87889b-ca2f-6f76-bc2c-ff1e005d5b89\">Second Salary (nationalbonds.ae)<\/a><\/p>\n<p>READ NEXT: <a href=\"https:\/\/lovin.co\/dubai\/en\/latest\/these-youtubers-made-chatgpt-plan-a-24-hour-trip-in-dubai\" target=\"_blank\" rel=\"noopener\">These Youtubers Made ChatGPT Plan A 24 Hour Trip In Dubai<\/a><\/p>\n<h2>WATCH: <span class=\"c-message_attachment__title\"><a class=\"c-link c-link--focus-visible c-message_attachment__title_link\" href=\"https:\/\/www.youtube.com\/watch?v=agnpj54sN68\" target=\"_blank\" rel=\"noopener noreferrer\" data-qa=\"message_attachment_title_link\"><span dir=\"auto\">The Lovin Dubai Show: Ramadan In Dubai Has Changed Over The Years<\/span><\/a><\/span><span class=\"c-message_attachment__media_trigger\" data-stringify-ignore=\"true\">\u00a0<button class=\"c-button--focus-visible c-button-unstyled c-expandable_trigger\" title=\"collapse\" type=\"button\" data-qa-expandable-trigger-is-expanded=\"true\" data-qa-expandable-trigger-key=\"vid_msg_1680073239.9723391\" aria-expanded=\"true\"><\/button><\/span><\/h2>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/agnpj54sN68\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><em><strong>Get the latest Dubai news direct to your phone RN!\u00a0<\/strong><strong>Download The Lovin Dubai app for free RIGHT HERE (<a class=\"c-link\" tabindex=\"-1\" href=\"https:\/\/apps.apple.com\/ae\/app\/lovin-augustus-media\/id1529508280\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/apps.apple.com\/ae\/app\/lovin-augustus-media\/id1529508280\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">App Store<\/a>) (<a class=\"c-link\" tabindex=\"-1\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=co.lovin.lovinapp\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/play.google.com\/store\/apps\/details?id=co.lovin.lovinapp\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">Play Store<\/a>) to get the latest trending stories to your phone.<\/strong><\/em><\/p>\n<h2 class=\"newsletter-title\"><a href=\"https:\/\/lovindubai.us11.list-manage.com\/subscribe?u=a9f4ce5f4cf42df02a2fcfd19&amp;id=584330a937\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a>\u00a0to our Newsletter.<\/h2>\n<p>Get the best of your city straight to your inbox.<\/p>\n","protected":false},"excerpt":{"rendered":"UAE is aiming for another superlative&#8230; BEST retirement plans! And as part of this initiative, National Bonds, the UAE\u2019s leading Shari\u2019a-compliant savings and investment company, today announced the launch of Second Salary. The Second Salary is a new initiative to help individuals generate supplementary income If you&#8217;re looking to spend a good long time in &hellip; ","protected":false},"author":4084,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":0,"footnotes":""},"categories":[9],"tags":[],"acf":{"disable_lovin_hearts":false,"embed_code":"","enable_reveal_feature":false,"episode_introduction":"","episode_number":"","featured_for_app":false,"featured_image":{"ID":3012,"id":3012,"title":"","filename":"Second-Salary.jpg","filesize":41051,"url":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/17\/2023\/03\/29153015\/Second-Salary.jpg","link":"https:\/\/lovin.co\/rak\/en\/latest\/uae-residents-can-now-earn-a-second-salary-with-this-new-initiative\/attachment\/3012\/","alt":"","author":"4084","description":"","caption":"","name":"3012","status":"inherit","uploaded_to":3011,"date":"2023-03-29 11:30:15","modified":"2023-03-29 11:30:15","menu_order":0,"mime_type":"image\/jpeg","type":"image","subtype":"jpeg","icon":"https:\/\/lovin.co\/rak\/en\/wp-includes\/images\/media\/default.png","width":700,"height":350,"sizes":{"thumbnail":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/17\/2023\/03\/29153015\/Second-Salary-small.jpg","thumbnail-width":150,"thumbnail-height":150,"medium":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/17\/2023\/03\/29153015\/Second-Salary-medium.jpg","medium-width":300,"medium-height":150,"medium_large":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/17\/2023\/03\/29153015\/Second-Salary.jpg","medium_large-width":700,"medium_large-height":350,"large":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/17\/2023\/03\/29153015\/Second-Salary-large.jpg","large-width":700,"large-height":350,"1536x1536":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/17\/2023\/03\/29153015\/Second-Salary.jpg","1536x1536-width":700,"1536x1536-height":350,"2048x2048":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/17\/2023\/03\/29153015\/Second-Salary.jpg","2048x2048-width":700,"2048x2048-height":350,"small":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/17\/2023\/03\/29153015\/Second-Salary-230x115.jpg","small-width":120,"small-height":60,"custom-size":"https:\/\/cdn.lovin.co\/wp-content\/uploads\/sites\/17\/2023\/03\/29153015\/Second-Salary.jpg","custom-size-width":400,"custom-size-height":200}},"featured_image_caption":"","flexible_content":[{"acf_fc_layout":"text_block","content":"<p>UAE is aiming for another superlative&#8230; BEST retirement plans!<\/p>\n<p>And as part of this initiative, National Bonds, the UAE\u2019s leading Shari\u2019a-compliant savings and investment company, today announced the launch of Second Salary.<\/p>\n<h2>The Second Salary is a new initiative to help individuals generate supplementary income<\/h2>\n<p>If you&#8217;re looking to spend a good long time in the UAE you need to get in on this!<\/p>\n"},{"acf_fc_layout":"embed_block","embed_item":"<p><iframe class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/3ohuPnkMjrjE5if5Xq\" width=\"480\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/giphy.com\/gifs\/spongebob-season-4-spongebob-squarepants-3ohuPnkMjrjE5if5Xq\">via GIPHY<\/a><\/p>\n"},{"acf_fc_layout":"text_block","content":"<h2>6. The Scheme is open to UAE nationals and UAE residents<\/h2>\n<p>Second Salary is a customised savings solution created for the UAE\u2019s National and Expat population.<\/p>\n"},{"acf_fc_layout":"embed_block","embed_item":"<p><iframe class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/405kIEbYhpP0GHjSOK\" width=\"480\" height=\"350\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/giphy.com\/gifs\/cbc-schittscreek-schitts-creek-405kIEbYhpP0GHjSOK\">via GIPHY<\/a><\/p>\n"},{"acf_fc_layout":"text_block","content":"<h2>5. This is a first-of-its-kind savings plan<\/h2>\n<p>Second Salary aims to empower people by offering a personalised additional income-generating solution to ensure that individuals continue to enjoy their desired lifestyle.<\/p>\n<p>The plan is the first part of a long-term program aiming to provide the best retirement plans in UAE.<\/p>\n"},{"acf_fc_layout":"embed_block","embed_item":"<p><iframe class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/xT5LMxNn0nPk4AlXuU\" width=\"480\" height=\"364\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/giphy.com\/gifs\/season-3-the-simpsons-3x5-xT5LMxNn0nPk4AlXuU\">via GIPHY<\/a><\/p>\n"},{"acf_fc_layout":"text_block","content":"<h2>4. The new Second Salary plan comprises of two main phases: the Saving and Income phase<\/h2>\n<p><strong>The \u201cSaving\u201d phase:<\/strong> customers place money into National Bonds every month over a period of their choosing between 3 and 10 years,<\/p>\n<p><strong>The \u201cIncome\u201d phase:<\/strong> The customer begins to draw income every month. In this phase, customers receive their base investment amount monthly plus their accumulated profit.<\/p>\n<p>For example, if customers save AED 5,000 monthly for 10 years, they could expect to receive AED 7,500 monthly for the subsequent 10 years. Similarly, if customers were to save AED 5,000 per month for 5 years, but choose to redeem within a period of the next 3 years, they could take home a monthly amount of AED 10,020 for three years\u2013 more than double the monthly savings.<\/p>\n"},{"acf_fc_layout":"embed_block","embed_item":"<p><iframe class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/tZrbdhZCsdORMItXrz\" width=\"480\" height=\"373\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/giphy.com\/gifs\/iitsad-ad-compton-tZrbdhZCsdORMItXrz\">via GIPHY<\/a><\/p>\n"},{"acf_fc_layout":"text_block","content":"<h2>3. Customers who opt for Second Salary need to place a minimum monthly investment of AED 1,000 for a minimum period of 3 years<\/h2>\n<p>It&#8217;s like an investment for your future!<\/p>\n"},{"acf_fc_layout":"embed_block","embed_item":"<p><iframe class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/WmWPKRpUBEkqd7wclU\" width=\"480\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/giphy.com\/gifs\/banco-itau-itau-itauunibanco-unibanco-WmWPKRpUBEkqd7wclU\">via GIPHY<\/a><\/p>\n"},{"acf_fc_layout":"text_block","content":"<h2>2. Customers can also choose to redeem their savings as a lump sum instead of monthly payments to fulfil their financial goals such as payment of education fees, downpayment for a house or for investments<\/h2>\n<p>With complete flexibility provided to customers over the amount and tenure of the savings and salary phases, customers can devise their Second Salary plan to create the safety of a supplementary monthly income for the future.<\/p>\n"},{"acf_fc_layout":"embed_block","embed_item":"<p><iframe class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/3oz8xUJsD8AsihJrtC\" width=\"480\" height=\"270\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/giphy.com\/gifs\/mylabbox-safety-safe-3oz8xUJsD8AsihJrtC\">via GIPHY<\/a><\/p>\n"},{"acf_fc_layout":"text_block","content":"<h2>1. Customers also get access to National Bonds\u2019 attractive AED 35 million rewards program with significantly enhanced chances of winning by up to 30 times, based on the length of the savings term they choose<\/h2>\n<p>In addition to economic empowerment, Second Salary customers have the opportunity to boost their financial well-being with exciting rewards and cash prizes from National Bonds<\/p>\n"},{"acf_fc_layout":"embed_block","embed_item":"<p><iframe class=\"giphy-embed\" src=\"https:\/\/giphy.com\/embed\/N8ntk4hzvVdQoVP4Mq\" width=\"480\" height=\"268\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><a href=\"https:\/\/giphy.com\/gifs\/sagawards-sag-awards-screen-actors-guild-2023-N8ntk4hzvVdQoVP4Mq\">via GIPHY<\/a><\/p>\n"},{"acf_fc_layout":"text_block","content":"<p>For more information about Second Salary, download the mobile app from Google and Apple stores or visit\u00a0<a href=\"https:\/\/www.nationalbonds.ae\/product-details?item=fc87889b-ca2f-6f76-bc2c-ff1e005d5b89\">Second Salary (nationalbonds.ae)<\/a><\/p>\n<p>READ NEXT: <a href=\"https:\/\/lovin.co\/dubai\/en\/latest\/these-youtubers-made-chatgpt-plan-a-24-hour-trip-in-dubai\" target=\"_blank\" rel=\"noopener\">These Youtubers Made ChatGPT Plan A 24 Hour Trip In Dubai<\/a><\/p>\n"},{"acf_fc_layout":"text_block","content":"<h2>WATCH: <span class=\"c-message_attachment__title\"><a class=\"c-link c-link--focus-visible c-message_attachment__title_link\" href=\"https:\/\/www.youtube.com\/watch?v=agnpj54sN68\" target=\"_blank\" rel=\"noopener noreferrer\" data-qa=\"message_attachment_title_link\"><span dir=\"auto\">The Lovin Dubai Show: Ramadan In Dubai Has Changed Over The Years<\/span><\/a><\/span><span class=\"c-message_attachment__media_trigger\" data-stringify-ignore=\"true\">\u00a0<button class=\"c-button--focus-visible c-button-unstyled c-expandable_trigger\" title=\"collapse\" type=\"button\" data-qa-expandable-trigger-is-expanded=\"true\" data-qa-expandable-trigger-key=\"vid_msg_1680073239.9723391\" aria-expanded=\"true\"><\/button><\/span><\/h2>\n"},{"acf_fc_layout":"embed_block","embed_item":"<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/agnpj54sN68\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n"},{"acf_fc_layout":"text_block","content":"<p><em><strong>Get the latest Dubai news direct to your phone RN!\u00a0<\/strong><strong>Download The Lovin Dubai app for free RIGHT HERE (<a class=\"c-link\" tabindex=\"-1\" href=\"https:\/\/apps.apple.com\/ae\/app\/lovin-augustus-media\/id1529508280\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/apps.apple.com\/ae\/app\/lovin-augustus-media\/id1529508280\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">App Store<\/a>) (<a class=\"c-link\" tabindex=\"-1\" href=\"https:\/\/play.google.com\/store\/apps\/details?id=co.lovin.lovinapp\" target=\"_blank\" rel=\"noopener noreferrer\" data-stringify-link=\"https:\/\/play.google.com\/store\/apps\/details?id=co.lovin.lovinapp\" data-sk=\"tooltip_parent\" data-remove-tab-index=\"true\">Play Store<\/a>) to get the latest trending stories to your phone.<\/strong><\/em><\/p>\n<h2 class=\"newsletter-title\"><a href=\"https:\/\/lovindubai.us11.list-manage.com\/subscribe?u=a9f4ce5f4cf42df02a2fcfd19&amp;id=584330a937\" target=\"_blank\" rel=\"noopener\">Subscribe<\/a>\u00a0to our Newsletter.<\/h2>\n<p>Get the best of your city straight to your inbox.<\/p>\n"}],"hide_featured_image":false,"is_guest_user":false,"legacy_full_image":"","legacy_image":"","legacy_meta_tags":"","lovin_heart_title":"","lovin_video_link":false,"lovin_video_link_webm":false,"reveal_image":false,"show_sponsor":false,"sponsor_content":"","sponsor_facebook":"","sponsor_image":false,"sponsor_instagram":"","sponsor_name":"","sponsor_twitter":"","sponsor_website":"","summary":"","type_of_video":"Self Hosted","video_thumbnail":false},"image_feature":null,"author_name":"Anika Eliz Baby","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v22.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UAE Residents Can Now Earn A Second Salary With This New Initiative<\/title>\n<meta name=\"description\" content=\"If you&#039;re looking to spend a good long time in the UAE you need to get in on the Second Salary initiative!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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