What is GenAfrica Individual Pension Plan?
The Individual Pension Plan (IPP) stands as a retirement planning solution crafted for employed individuals, self-employed individuals, and small business owners in search of a dependable and secure method to prepare for their retirement.
Who Can Benefit from GenAfrica’s IPP?
Whether you’re a young professional embarking on your career or approaching retirement age, our IPP is tailored to meet your distinct needs. It’s never too early or too late to begin securing your financial future.
When Can You Start?
Commence your IPP at any point in your life after reaching 18 years of age. Initiating it earlier allows more time for your investments to flourish. Nevertheless, our IPP is also structured to offer benefits and flexibility for individuals who commence later in their careers.
Why you need to save for retirement?
- Financial independence
- Maintain a standard of living
- Cover unforeseen expenses
- Inflation protection
- Peace of mind
Key Features
- No set-up fees
- Benefit transfers from other schemes are free of charge
- A minimum lock-in period of 1 year applies
- The minimum initial contribution is UGX 100,000
Benefits
- No monthly maintenance charges/fees
- Online portal availability for members to access their savings account information.
- Freedom to make top-ups or deposits at any time without incurring charges.
- Accumulation of interest on saved money, enhancing the overall savings amount.
- Account holders are assured access to all GenAfrica free financial literacy training.
- Robust annual investment returns attributed to strong investment performance.
Our Products And Services
Pension Fund Management
We provide comprehensive investment management services to a diverse range of investors, encompassing Pension Schemes, Shariah-compliant schemes, Endowment Funds, Private Clients
More InfoIndividual Pension Plan (IPP)
Whether you are a young professional starting your career or nearing retirement, our IPP is customized to meet your specific needs. It is never too early or too late to begin securing your financial future.
More InfoGenAfrica Income Drawdown (IDD)
Income Drawdown Fund lets members choose monthly, quarterly, bi-annual, or annual income options, along with interest on their remaining investment.
More InfoInstitutional Training
Our training sessions are conducted by industry experts and professionals who bring a wealth of knowledge and practical insights.
More InfoProperty Investment Advisory
We provide comprehensive market analyses, property valuations, and feasibility studies to guide your investment decisions.
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