Income and Investment Options
There are a variety of Benefit and Investment options and actions open to the IPP Member:
Drawing Benefits
Lump Sum. Upon Retirement IPP Members may draw lump sum(s) from their pension.
Income stream. The Member may also wish to draw an income stream from their IPP. Both the Malaysian and Singaporean jurisdictions allow IPP Members’ income (and Capital Gains) to be drawn with no withholding tax (Singaporean and Malaysian residents excepted). There is no requirement to purchase an insurance annuity.
Normal Retirement Age is 62 and Early Retirement is 50. See also Technical Information for IPP pages
IPP Payment of Benefits Form An Applicant’s or current IPP Member’s request for:
- Lump Sum
- Income Payments
Investing
The Member can appoint an investment manager (subject to the Trustees’ due diligence and approval by the relevant regulatory authorities) to take safe custody of the Member’s assets and to act on the investment instructions of the Member and/or Adviser. This will allow investments to be managed on a discretionary or advisory basis within the following categories:
- Stocks
- Bonds
- Alternative investments
- Hedge funds
- Structured products & deposits
Additionally Members can also invest in the following asset classes:
- Private equity - held indirectly through a separate wholly owned offshore company.
- Real Estate (Commercial and Residential) - held indirectly through a separate wholly owned offshore company.
- Artwork - held indirectly through a separate wholly owned offshore company
Useful Links
