Minerva Risk Advisors
Solutions for my employees
Minerva Income Withdrawal Fund is a self-administered income draw down Fund that was set up with the objective to provide pension income for members and dependants who transfer their capital from any registered Pension Fund on retirement, retrenchment or death.
As a pension drawdown Fund, the Minerva Income Withdrawal Fund is a way of usingMembers’ pension pot to provide one with a regular retirement income by reinvesting it ina drawdown Fund that is specifically designed and managed for this purpose. This allowsMembers to draw income from their pension while keeping it invested in a favourable tax
environment. The income that one gets will vary depending on the Fund’s performance.With the Minerva Income Withdrawal Fund, Members keep their pension savingsinvested when they reach retirement and take money out of, or 'drawdown' from, theirpension pot in the Fund.Minerva Income Withdrawal Fund affords the Members the control and flexibility to takevariable withdrawals directly from the Fund, so the amount and frequency of one’swithdrawal can change from time to time to suit one’s circumstances. For example, overand above the 1/3 full commutation, a member can elect to his or her monthly pensionsmonthly, quarterly or drawdown year’s pension in advance.