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Investor Wise Account (Long Term Savings)
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Let UGI Finance and Investments help you to develop a long-term financial plan with the Investor Wise investment option. Start your children’s education fund, save for retirement or towards buying a new home, the safe way.
The Investor Wise investment option is a tax free, secure, long-term account and funds are primarily invested in Government securities. Clients will also benefit from Life Insurance coverage for up to $300,000! |
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• This account is only available to individuals.
• Open an account upon presentation of a valid ID and TRN
• Start with a minimum of J $50,000 and add up to J $1 million per calendar year.
• Funds must be invested for a minimum of five years to earn tax-free status.*
• Minimum investment period is 90 days.
• Interest earned is paid quarterly.
• Of the interest earned, 75% will be paid to client , and the balance is reinvested and held to maturity. Interest can be withdrawn at each maturity intervals.
• Account not available in US dollars.
• You may add to the account at any time.
• No Fees!
*Withholding tax of 25% is applied on interest paid, once the investment is broken.
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