Income Drawdown Fund

Tax Benefits: Moving your retirement savings into a drawdown plan is tax-free. Taking your retirement funds as a lump sum is not an offered benefit.
Grow Your Money: Your fund earns a guaranteed minimum interest of 4% per year, plus a bonus interest (typically 4%-8% annually) based on market performance.
Flexibility: You can switch to an annuity at any point to secure a guaranteed income, even before the 10-year minimum period.
Capital Safety: Your initial investment is secure, earning guaranteed interest, your money cannot be lost.
Professional Management: ICEA LION Life Assurance Company Limited, the approved issuer (founder) of the Income Drawdown Fund, is a leading East African Insurer, meaning your fund is managed by expert insurance and investment professionals.
Leave a Legacy: If you pass away, your fund can provide income to your beneficiaries through continued drawdown, annuity purchase, or a lump-sum payment.

An Income Drawdown Fund is a retirement plan where you deposit a lump sum(one-time payment) or multiple deposits with an insurance company and then withdraw a regular income. Unlike an annuity, which pays a fixed amount for life or a set period, you choose how and when you receive your income. Meanwhile, the remaining balance continues to grow through investments.