Lucky Islamic Pension Fund
Lucky Islamic Pension Fund (LIPF) is a Shariah Compliant Voluntary Pension Scheme (VPS). It is a Unit Trust Scheme consisting of Sub-Funds under the VPS Rules 2005 on the basis of Wakalah tul Istismar (Investment Agency Agreement).
Investment Objective
LIPF investment objective is to provide a secure source of retirement savings and regular income after retirement to the Participants.
Key Benefits
Regular Shariah Compliant smart income stream post-retirement.
Takaful protection for death and disability.
Tax Free withdrawal of 50% of accumulated balance upon retirement or after 25 years of first contribution.
Tax Credit up to 20% of taxable income at average rate of tax as per Section 63 of ITO 2001.
Flexible and customized contribution & asset allocation as per individual preference.
Transfer from another VPS to LIPF. This includes transfer of Accumulated balances from recognized provident fund to LIPF.
Downloads
About the Fund
Category
Fund Type
Fund Name
Tenure
Perpetual
Sub-Funds
“Lucky Islamic Pension Fund – Equity Sub Fund” (the “Equity Sub-Fund”), “Lucky Islamic Pension Fund – Debt Sub Fund” (the “Debt Sub-Fund”) “Lucky Islamic Pension Fund – Money Market Sub Fund” (the “Money Market Sub-Fund”), and “Lucky Islamic Pension Fund- Gold Sub Fund” (the “Gold Sub Fund”)
Minimum Contribution
Risk Profile
Pricing
Management Fee
Front End Load
Up to 3.00% on all contributions
Back End Load
None
Asset Manager
Lucky Investments Limited
Shariah Advisor
Mufti Muhammad Hassaan Kaleem
Trustee
Central Depository Company of Pakistan (CDC)
Auditors
A.F. Ferguson & Co
Illustration of Tax Credit on Investment in Voluntary Pension Schemes (VPS)
| Annual Taxable Income | Tax Amount (as per Tax Law) | Required Investment in VPS | Total Tax Credit (Savings)** | VPS Savings % |
|---|---|---|---|---|
| For Salaried Individual(s) | ||||
| 2,200,000 | 116,000 | 440,000 | 23,200 | 5.3% |
| 3,200,000 | 346,000 | 640,000 | 69,200 | 10.8% |
| 4,100,000 | 616,000 | 820,000 | 123,200 | 15.0% |
| 5,200,000 | 1,001,000 | 1,040,000 | 200,200 | 19.3% |
| 10,000,000 | 2,681,000 | 2,000,000 | 536,200 | 26.8% |
| 20,000,000 | 6,737,290 | 4,000,000 | 1,347,458 | 33.7% |
| 50,000,000 | 18,182,290 | 10,000,000 | 3,636,458 | 36.4% |
| For Non-Salaried Individual(s) | ||||
| 1,200,000 | 90,000 | 240,000 | 18,000 | 7.5% |
| 1,600,000 | 170,000 | 320,000 | 34,000 | 10.6% |
| 3,200,000 | 650,000 | 640,000 | 130,000 | 20.3% |
| 5,600,000 | 1,610,000 | 1,120,000 | 322,000 | 28.8% |
| 10,000,000 | 3,590,000 | 2,000,000 | 718,000 | 35.9% |
| 20,000,000 | 8,899,000 | 4,000,000 | 1,779,800 | 44.5% |
| 50,000,000 | 23,749,000 | 10,000,000 | 4,749,800 | 47.5% |
Tax rates are for FY 2025-26; **Voluntary Pension Schemes (VPS) / Pension Funds: Investment amount eligible for tax credit is up to 20% of taxable income. Pre-mature withdrawal from Pension Fund is subject to tax. Lump sum withdrawal in excess of 50% at or after retirement age will be subject to tax; Taxation: Please refer to the Income Tax Ordinance 2001, Section 63,and Clause 23 A of Part 1 of Second Schedule to understand the Tax Law fully and the terms and conditions that apply. ***As per Income Tax Ordinance 2001, VPS participants can redeem 50% of contribution Tax Free after the retirement or 25 years of first contribution, the remaining 50% will be taxed at average rate of last 3 Years Tax return. ****Amount inclusive of 9% Surcharge on Tax Amount. *****Amount inclusive of 10% Surcharge on Tax Amount.
Disclaimer: All investments in Pension Funds are subject to market risks. Past performance is not necessarily indicative of future results. Please read the Offering Documents of the Funds to understand the investment policies and risk involved. Lucky Investments or any of its sales representative cannot guarantee preservation / protection of capital and / or expected returns / profit on investments.
