Key features of Smartlife Flexi
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Smartlife Flexi supports both short- and medium-term financial goals, whether you’re saving for education, purchasing land, building a home, building up an emergency fund, or preparing to invest in a business.
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Start saving with as little as UGX 5,000, with no upper limit on how much you can save, though maximum contributions are subject to the limits of your chosen payment method.
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While funds are locked for the first twelve months to help establish strong savings habits, you’ll earn daily returns credited monthly. After the initial twelve months, you’re free to make withdrawals whenever you need.
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You can exit after the first twelve months with no penalties, offering peace of mind if your plans change.
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Future benefits include access to competitively priced insurance and an expanding network of service providers, so you’re not just saving—you’re building a secure future.
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Our user-friendly digital wallets come with tools to help you set, track, and stay motivated towards your goals, giving you a clear, hassle-free path to achieve your dreams.
Smartlife Flexi is a voluntary, goal-based savings plan that lets you save towards specific goals over a set period, with flexible options for deposit and withdrawal. You’ll earn a competitive daily return, credited monthly, on your savings. This product is designed to give you control over how much, when, and for how long you save.
The NSSF Act Cap 230 enables us to expand our offerings beyond mandatory benefits, and we’re continually creating products tailored to meet our members' savings needs. Research indicates that over 98% of NSSF beneficiaries spend their benefits within two years, often using funds for immediate needs. Smartlife Flexi encourages members to save consistently for medium-term goals, thus helping them build resilience for retirement by addressing these needs in advance.
Smartlife Flexi is available to everyone over 16, including Ugandans at home and abroad (with a National ID), non-citizens working in Uganda (with a valid passport), and refugees with valid identification.
Smartlife Flexi offers flexibility in saving for any timeframe or goal while earning daily returns credited monthly. It’s designed to support both short- and medium-term financial needs, allowing members to save and access funds as needed after an initial commitment period.
- Withdrawals are locked for the first 12 months, during which daily returns are credited monthly.
- After 12 months, members can withdraw freely.
- There’s no minimum or maximum saving period—members can exit at any time post the first 12 months with no penalties.
- Members have access to a digital goal-based wallet with tools to track progress and achieve savings goals.
- Future offerings may include access to a network of service providers, beginning with insurance options.
- Sign-up, deposits, and withdrawals are all seamless.
- The minimum deposit is UGX 5,000, with no maximum limit.
- Members can sign up via the NSSFGo Mobile or web app or any NSSF branch.
- Contributions can be made through MTN MoMo, with Visa or MasterCard, Agency Banking, and Stanbic Flexipay coming soon.
- Mid-term payments from the Mandatory Fund or Voluntary Retirement Account can be transferred into the Smartlife account.
- Members have the option to withdraw funds at any time after the initial lock period.
Category 1 – voluntary members who were registered and made contributions under the NSSF Act (Cap 230) before the 7th day of January 2022 shall continue to maintain the status quo.
Category 2 - voluntary members who registered and made contributions under the NSSF Act (Cap 230) after the 7th day of January 2022 can transfer to the NSSF Smartlife within 12 months from November 8, 2024.
A person who does not transfer within 12 months shall be deemed to have opted to maintain the status quo and shall be entitled to benefits under Section 19 of the NSSF Act (Cap 230)
Option 1 – NSSFGo App:
- Visit the NSSFGo App
- Click ‘Smartlife Account’
- Select the account name
- From the pop-up, select ‘Make Deposit’
- Select MoMo and enter the amount. More payment options are coming soon.
- Enter your PIN
- You will receive a payment confirmation via SMS
Option 2 - MTN USSD:
Dial *165*29# and follow prompts
Option 3 – Direct Bank Transfer:
- Bank: Stanbic Bank Uganda Ltd
- Branch: Corporate Branch
- Account Name: National Social Security Fund Uganda
- Swift Code: SBICUGKX
- Account Number: 9030024449067
- Reference: Goal Name - Smartlife Number (e.g Land Fund - SL0123456789). Please always use the correct details in your reference.
For more information, please send us a message on WhatsApp, Facebook, X, call our toll-free number 0800286773, email customerservice@nssfug.org or visit an NSSF branch near you.