Voluntary Saving Scheme
Smartlife Flexi
Featured
- Available to everyone over 16, including Ugandans at home and abroad (with a National ID), non-citizens working in Uganda (with a valid passport), and refugees with valid identification.
- The minimum deposit is UGX 5,000, with no maximum limit.
- Members can sign up via the NSSFGo Mobile or web app or any NSSF branch.
- Contributions can be made through MTN MoMo, with Visa or MasterCard, Agency Banking, and Stanbic Flexipay coming soon.
- Mid-term payments from the Mandatory Fund or Voluntary Retirement Account can be transferred into the Smartlife account.
- Members have the option to withdraw funds at any time after the initial lock period.
- Withdrawals are locked for the first 12 months, during which daily returns are credited monthly.
- After 12 months, members can withdraw freely.
- There’s no minimum or maximum saving period—members can exit at any time post the first 12 months with no penalties.
- Members have access to a digital goal-based wallet with tools to track progress and achieve savings goals.
- Future offerings may include access to a network of service providers, beginning with insurance options.
- Sign-up, deposits, and withdrawals are all seamless.