1/3 Untaxed Benefit
Enjoy tax-free lump sum withdrawals at the end of your term.
At MOPADO, we understand the importance of financial flexibility and security, especially at the end of your parliamentary term. Our 1/3 Untaxed Benefit allows members to withdraw up to 33.3% of their total fund credit as a tax-free lump sum. This benefit is designed to provide immediate financial relief and support your future financial planning.
Benefits
- Structured Payout Plan: Receive a planned payout that helps you manage your finances post-term.
- Financial Stability: Ensure a stable income stream even after your parliamentary duties conclude.
- Peace of Mind: Focus on your future endeavors without worrying about financial uncertainties.
How It Works:
- Eligibility Check: Confirm that you are a contributing member of MOPADO and have completed your term.
- Application Submission: Submit a request to withdraw 33.3% of your fund credit. Our team will guide you through the process.
- Approval & Disbursement: Upon approval, the tax-free amount will be disbursed to you. The remaining balance will be used to purchase a living annuity of your choice.
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