info@genafrica.com
Mon-Fri: 8am – 5pm
About Income Drawdown
The GenAfrica Income Drawdown Plan allows you to draw a dependable income over time while your remaining funds stay invested and continue earning interest.
The Income Drawdown Plan is designed for retirees who want to receive a steady stream of income from their retirement benefits without taking a single lump sum. With this plan, you can choose how often you receive your income — monthly, quarterly, bi-annually, or annually — giving you control and predictability in your post-retirement cash flow.
Participants commit to a minimum drawdown period of five (5) years. After this period, you can choose to continue the drawdown arrangement or receive any remaining balance as a lump sum.
Who Can Benefit?
Retirees seeking a regular income stream
Individuals who prefer income over a single lump sum payment
Members who want to keep part of their funds invested for continued growth
People planning long-term financial flexibility in retirement
Available to retirees in accordance with applicable retirement benefit guidelines.
Key Features
Flexible income frequency
select how often you receive payments: monthly, quarterly, bi-annual, or annual.
Minimum drawdown period
a required drawdown duration of five (5) years before choosing to stop or adjust the plan.
Continued investment growth
your remaining funds continue to earn interest as they stay invested.
Beneficiary options
in the event of death, nominated beneficiaries may choose to continue the drawdown or receive the remaining balance as a lump sum.
GenAfrica provides a customized income drawdown quotation.
Join the plan by completing the application process.
Transfer your retirement benefit lump sum into the Income Drawdown fund.
Your agreed income payments begin on the chosen schedule.
Receive periodic statements showing payouts and interest earned.
At Milele Income Drawdown Fund, we believe retirement should mean freedom, flexibility, and peace of mind. Our fund empowers retirees to enjoy life today while securing their future, with your pension working for you every step of the way.
Guided by the Retirement Benefits Authority (RBA) regulations, we allow you to invest, withdraw, and grow your savings with ease. Your balance remains actively reinvested, designed to deliver consistent, superior returns so you can focus on living fully.
Since 2015, over 1000 retirees have trusted us to safeguard their future. With Milele, you gain the flexibility to choose an investment option tailored to match your goals, manage risk effectively, and ensure a steady income for the years ahead.
Flexibility
Withdraw as needed to match changing expenses and lifestyle.
Inflation Protection
Adjust your income over time to maintain purchasing power.
Access to steady payments through regulated withdrawals.
Capital growth through reinvested annual income.
Pass on surplus capital to your beneficiaries.
No tax on transfer or payment of pension.
Key Benefits
At GenAfrica, we invest in our people the same way we invest for our clients – with intention, excellence, and a commitment to diverse expertise.
This tool helps you estimate how long your pension savings might last if you choose to withdraw money gradually in retirement. It models different scenarios based on your personal choices and assumptions.
Disclaimer: This illustration is based on general assumptions that may not align with your personal circumstances, meaning your pension fund could last for a shorter or longer period than shown. For a projection that accurately reflects your situation, we recommend seeking tailored financial advice. Please note that the outputs from this calculator are for guidance only and should not be regarded as advice or a personal recommendation.
Our Products and Services
We offer investment management services to a variety of investors including Pension Schemes, Shariah Compliant Schemes, Endowment Funds, Private Clients, Medical Schemes, Deposit Protection Funds, Offshore Clients and Trust Funds. In addition, we offer investment advisory for wealth and treasury management
