Products & Services

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Kuleni Preservation Fund is a product established by Kuleni Financial Services (Pty) Ltd. It was established to preserve pension monies of any employee in Namibia who withdraws from a pension/provident fund as a result of resignation, dismissal or retrenchment. The fund is designed to preserve retirement savings and at the same time, allow for potential capital growth.

At termination of your membership with your employer’s pension fund, the benefits in your pension fund can be transferred to Kuleni Preservation Fund.

• No tax is payable on the money transferred.
• Kuleni Preservation Fund allows for a full withdrawal or partial withdrawals. If partial, further withdrawals are allowed within three years from the date of transfer and thereafter no further withdrawals may be made in respect of the balance in the Member Share until Retirement, as provided for by the Income Tax Act 24 of 1981.
• Partial withdrawals are allowed at any time.
• Attractive investment returns
• No withdrawal fees
• Low take on fees.

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Kuleni Umbrella Fund is a retirement fund where multiple and unrelated employers may join as opposed to a single fund established for one employer only (i.e. a stand-alone fund).

Kuleni Umbrella Fund enables the contributions of various employers and members to be managed in one fund and the greater number of participants allows for cost savings and for delivering true value to the members.

Kuleni Umbrella fund is governed as a single legal entity overseen by an independent board of trustees, whereas the stand-alone funds are governed per employer sponsored retirement scheme.

The over-arching objective is the achievement of an adequate, affordable and sustainable pension arrangement for small to medium employers.

Benefits of joining Kuleni Umbrella Fund:

• Easy to start pension arrangement for small to medium entities.
• We have lower fixed and variable costs per member.
•  There will be economies of scale due to that, the cost is shared with other participants. i.e. Audit fees, etc