The Enwealth Mauritius Personal Retirement Savings Fund is a retirement savings plan designed for self-employed individuals, professionals and expatriates looking to secure their financial well-being during their retirement years.
Governance of the Scheme
The Scheme is established as a trust and as a separate legal entity by the founding company, Enwealth (Mauritius) Limited.
It is duly registered and regulated by the Mauritius Financial Services Commission.
The Scheme’s assets are held by the appointed custodian in a nominee account and separated from the assets of the Custodian and the founding company enhancing the security of your retirement nest egg.
The Scheme trustees are independent from Enwealth (Mauritius) Limited and oversee the management of the Scheme on behalf of its members.
How does it work?
Members are required to complete an application form and submit the required KYC documents. Signed copies of the documents can be remitted to info@enwealth.co.mu. A deed of adherence and membership certificate shall then be issued to you by Enwealth Team.
Members contribute a minimum of MUR 100 monthly and are eligible to increase their contributions at any point in time.
Investments
Scheme funds are invested in accordance with the requirements of the Private Pension Schemes Act 2012 and the Scheme’s investment policy statement with the objective of achieving long-term returns within acceptable risk levels.
Members can choose to invest in either the assertive, balanced and defensive profiles.
Benefits Payable
As a member of the fund, you are eligible to retire as from the age of 50 years, subject to certain terms and conditions. Normal retirement age is 65 years.
You have the following options to choose from when you reach retirement age:
- A full monthly pension; or
- A reduced monthly pension plus a lump sum equivalent to 25% of your accumulated benefits; or
- Any option of the above plus a spouse/dependent pension in the event you pass away; or
- Annuity purchase from a licensed insurance company
Why Start Now?
- A full monthly pension; or
- A reduced monthly pension plus a lump sum equivalent to 25% of your accumulated benefits; or
- Any option of the above plus a spouse/dependent pension in the event you pass away; or
- Annuity purchase from a licensed insurance company