One of the easiest ways to build your retirement savings is through growth investments. The concept is simple: when you invest regularly in a growth instrument your income accumulates quickly, there is more money to make and your investment grows.

  • Risk Level: Moderate (Potential for price fluctuation)

Investors choosing this Fund also invested in: Pensions Plus, Growth & Income Fund, TT Dollar Income Fund

Disclaimer: An investor should consider a Fund's investment objectives, risks, charges and expenses carefully before investing. This and other important information can be found in the Fund's prospectus. Obtain a prospectus from our website or at any of our UTC Investment Centres and read carefully before investing.

The UTC Individual Retirement Unit Account is a tax-free, equity-based, long-term investment vehicle. Regular contributions to the Fund allow for greater accumulation of capital and for increased potential for returns over the long term. As the Fund is equity-based, its performance is based on market conditions. Investments include stocks, bonds and Income Fund instruments. As such, price fluctuations are possible and these may impact the value of your investment. However, the capital invested is guaranteed once held for more than 3 years.

When you retire, the income from other plans must be taxed. With the IRUA, your retirement income is Tax-Free (in Trinidad and Tobago). With other plans you must pay taxes on your retirement income.

Retirement Options

At retirement you have the following options:

  • Lifetime Income Fund - paid monthly, quarterly, semi-annually or annually.
  • Access to any size lump sum at any time, plus lifetime income from the residual, paid-monthly, quarterly, semi-annually or annually.
  • Placement of the accumulated savings value into UTC's TT$ Income Fund or any other account for steady high income.

Possibility of capital appreciation & income Help in beating inflation & increasing capital
Tax-free Total access to the total investment
100% access Available in cases of emergency
Flexible contributions Investing at your own pace
Lump sum and/or periodic payments at maturity A guaranteed source of income
Guaranteed contribution after three years from date of deposit Peace of mind
Source of collateral for loans Two-fold use of your investment
Cost of 1 unit to start Everyone has an opportunity to invest