Retirement Benefits Scheme Levy is compulsory for companies and individuals administering retirement benefits schemes.
FEES AND COMPULSORY ANNUAL LEVIES
(Under regulation 23(1) of the Uganda Retirement Benefits Regulatory Authority (Licensing of Retirement Benefits Schemes) Regulations, 2012)
No. | Item | Amount of Fees |
1. | Application fee for a licence to establish and operate a retirement benefits scheme which receives- (a) voluntary contributions (b) mandatory contributions |
10 currency points |
2. | Licence fees paid by a retirement benefits scheme which receives- (a) voluntary contributions (b) mandatory contributions |
50 currency points 250 currency points |
3 | Compulsory Annual levy paid by a retirement benefits scheme which receives-
(a) voluntary contributions (b) mandatory contributions |
0.025% of the Total Asset Value in the statement of financial position of the scheme for the previous financial year 0.05% of the Total Asset Value in the statement of financial position |