- Risk Level: Moderate (Potential for price fluctuation)
Investors choosing this Fund also invested in: Pensions Plus, Growth & Income Fund, TT Dollar Income Fund
Disclaimer: It is important investors take the time to fully understand our financial products prior to investing. The information below is provided to give basic information on this product. Take the time to discuss your investments with our staff and understand all risks prior to investing.
The UTC Individual Retirement Unit Account is a tax free, equity based, long-term investment vehicle. Regular contributions to the Fund allow for greater accumulation of capital and for increased potential for returns over the long term. As the Fund is equity based, its performance is based on market conditions. Investments include stocks, bonds, and Income Fund instruments. As such, price fluctuations are possible and these may impact the value of your investment. However, the capital invested is guaranteed once held for more than 3 years.
When you retire, the income from other plans must be taxed. With the IRUA, your retirement income is Tax Free (in Trinidad and Tobago).With other plans you must pay taxes on your retirement income.
At retirement you have the following options:
- * Lifetime Income Fund - paid monthly, quarterly, semi-annually or annually.
- Access to any size lump sum at any time, plus lifetime income from the residual, paid-monthly, quarterly, semi-annually or annually.
- Placement of the accumulated savings value into UTC’s TT Dollar Income Fund or any other account for steady high income.
|Possibility of capital appreciation & income
||Help in beating inflation & increasing capital
||Total access to the total investment
||Available in cases of emergency
||Investing at your own pace
|Lumpsum and/or periodic payments at maturity
||A guaranteed source of income
|Guaranteed contribution after three years from date of deposit
||Peace of mind
|Source of collateral for loans
||Two fold use of your investment
|Cost of 1 unit to start
||Everyone has an opportunity to invest