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Category: Retirement

Annuities

December 14, 2022 The Money Engineer

An annuity is a series of payments made at regular intervals. Annuities can be viewed as an asset or a liability. When you’re making monthly payments on

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How NSSF is making me rich

September 28, 2022 The Money Engineer

Uganda’s NSSF (National Social Security Fund) recently declared an interest rate of 9.65% for the period 2021/22. This is not the highest return in the

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How Retirement Benefits Schemes work?

June 6, 2022 The Money Engineer

Introduction A Retirement Benefits Scheme is a legally binding agreement or arrangement other than a contract for life assurance whether established by written law or by

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What the new NSSF Act means for employees

January 5, 2022 The Money Engineer

The president of Uganda has just signed the National Social Security Fund – NSSF (Amendment) Act, 2021 into law. This is good news for all

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I wish someone told me this when I was younger!

April 18, 2021 The Money Engineer

If you were to save ushs 100,000 per month in an investment account starting when you are 20 years old and you do this consistently until

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