What are Unit Trusts?
A unit trust is a way to accumulate wealth in which investors’ contributions are pooled together to purchase a portfolio of financial securities,
such as equities (shares), bonds, cash, bank deposits, etc., managed by professional fund managers.
Requirements For Joining Unit Trusts In Uganda
Individuals/Joint Accounts
1. Copy of identification document(preferably National ID)
2. One color Passport-Sized photo
3. Copy of recent STAMPED bank statement-last 3 months or canceled cheque
4. Proof of residence(Copy of utility bill or LC letter or Residence verification letter)
5. Investment cheque(Original bank deposit slip in the name of the selected fund)
Are there any hidden tax obligations on Unit trust funds in Uganda?
Unit trusts are a tax-efficient investment. A unit trust fund does not pay tax on its income, either from dividends or interest.
In addition, unit trusts do not pay tax on capital gains.
How quickly can I access my money from the unit trust when I need it in Uganda?
UAP Financial Services unit trust funds provide you with easy access to your money. Normally,
your money should reach your account within 2-3 working days upon receipt of the redemption request. You can redeem all or part of your investment at any time.