Freedom to Spend, Confidence to Grow
The Genghis Income Drawdown Fund provides individuals and members of retirement benefits schemes an option to access their benefits as a regular income. This is through opting for an investment fund upon retirement, rather than taking up an annuity, and thus enjoying the benefit of professional fund management of their post-retirement benefits, and investment income from the same.
- The minimum investment into this fund is Kshs 1,000,000.00
- The maximum drawdown percentage per year is 15% of the fund balance.
- The minimum drawdown period is 10 years after which the member can opt to take his remaining fund credit as a lump sum, purchase an annuity, or continue with the drawdown
- Members who are retiring from retirement benefits scheme, including occupational schemes, individual retirement benefits schemes (e.g. GenCap Individual Pension Plan).
- Tax Exemption: A member wishing to transfer their accrued benefits (lump sum or two thirds of their benefits) into this fund at retirement can do so tax free.
- Flexibility: The Gencap Income Drawdown Fund provides flexibility in terms of;
- Depending on their needs, member choose how much they wish to be withdrawing and the frequency. This may be monthly, quarterly, semi-annually or even annually. In addition, one has an option of reviewing their withdrawals percentage annually.
- Secondly, after the 10 years drawdown period, one can move from the income drawdown arrangement into an annuity, if they so desire.
- Return on Investment: The fund attracts investment income as its invested by a professional investments manager. In addition, compounding of the investment income leads to accelerated growth of the contributions.
- Inheritance: With income drawdown, one can leave an inheritance to their dependents in case of demise as opposed to annuities.
Contact Us
- 3rd Floor Purshottam Place, Westlands Road, Westlands, Nairobi
- +254 709 185 000
- info@genghis-capital.com
