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How to Apply for Barbados Optional Savings Scheme (BOSS)

June 25, 2020
Notices

The Public Worker Option Form for the Barbados Optional Savings Scheme (BOSS) is now available for completion by public workers whose net monthly pay is $3,000 and above. BOSS is aimed at providing public sector workers with a savings/investment opportunity.

It offers them an opportunity to take a portion of their salary in bonds, while receiving a five per cent interest rate per annum, to be paid semi-annually, with no withholding tax on the money earned.

The completed form must be returned to the Accounts Section of the officer’s respective ministry, department or agency by this Friday, June 26. Public officers may call 536-2677 for assistance in completing the form.

How to Apply

1: Find your Net Salary

In order to apply to the scheme, it will be necessary to know your net salary which can be found here, or, contact your Accounts section for this information.

2: Apply Online

Complete the Barbados Optional Savings Scheme form, available on the GIS Barbados website.

3: Complete Verification

To complete your application, your ministry, department, or agency is required to verify your details. Locate the required information using this list and add that to your application when requested.

For more information and support

Watch this video on how to apply for BOSS, or call the Government Hotline Number at 246-536-2677.

Additional help guides are available at the GIS Barbados website.