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Enwealth Income Drawdown Fund

Maximize on your returns as an investor & pensioner.

What is Enwealth Income Drawdown Fund?

The Enwealth Income Drawdown Fund is a product where a member draws out a monthly/ quarterly/ bi-annual/ annual income while enjoying interest from investments on the residual amount. It is an alternative to a lumpsum payment; one gets periodic payment instead.

The minimum drawdown period is 10 years after which member shall decide if to continue with the drawdown plan or take the balance lumpsum or purchase an annuity.

Registration & Governance of the Fund

The product is regulated by the Uganda Retirement Benefits Regulatory Authority (URBRA) and all aspects of the product is managed by a team of licensed and regulated professionals.

Benefits of Enwealth Income Drawdown Fund

  • It allows you to enjoy continuous investment income whilst drawing on the funds.
  • One is assured of periodic income over a long period of time.
  • You also have a choice as to when you would like to receive your funds i.e monthly/ quarterly/ bi-annual/ annual basis.
  • On the death of a member, the funds will be used to provide an income to the nominated spouse(s) &/or the dependent children either by purchase of an annuity or a continuous of an income drawdown plan to the dependents.

How to Join the Fund

  • We give you the quotation showing the alternatives that you can draw out as income.
  • You fill the application form.
  • You transfer funds to the income drawdown account.
  • You begin enjoying the periodic income.
  • Your funds are equally invested and statements are sent to you periodically.
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Frequently Asked Questions

Who is eligible to join?

Members who have reached retirement age are eligible to join the income draw down fund.

What happens in the unfortunate event of death?

On the death of a member, the funds will be used to provide an income to the nominated spouse(s) and/or the dependent children either by purchase of an annuity or a continuation of an income drawdown plan to the dependents. Otherwise it shall be paid to the nominated beneficiaries or dependents.

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