Introducing
Mahaana Retirement

Turn your retirement dreams into reality with Mahaana
and enjoy up to 20% tax savings along the way.
Start saving today
What's Mahaana Retirement

Reduce Your Tax Bill While Building Secure Retirement

Mahaana Retirement is a Shariah-compliant, tax-efficient way to grow your savings for the future.
You continuously receive Investment advice from us based on your goals and risk level.

Why Mahaana Retirement

Easy retirement
 investing

Easily manage your investments and Retirement account in one app.

Reduce your monthly Income Tax

Take advantage of upto 20% income tax benefits by contributing to your MRA.

Built around your goals


Answer few questions and we’ll recommend a personalized investment portfolio for you.

Unlock tax savings for your future

According VPS Rules 2005, Mahaana Retirement offers up to a 20% tax credit on your contributions, reducing your monthly tax liability. This unique benefit allows you to save more while building a solid financial foundation for retirement.
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Expert built,
curated portfolios

We've curated  diversified portfolios with different risk/return profiles ranging from conservative to growth to fit your risk appetite & goals.

Stay focused with Mahaana Retirement

With Mahaana Retirement, your long-term goals get dedicated attention. Our focused approach ensures a clear, simplified financial strategythat grows your wealth steadily toward retirement you deserve.
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Your retirement account In Partnership with IGI Life Insurance

Mahaana Wealth partners with IGI Life Insurance to bring you a comprehensive retirement solution that combines expert investment management with trusted insurance protection.

Visualize Your Tax Savings with Mahaana Retirement

View detailed tax credit calculations across all income slabs and understand exactly how much you can
save by investing in Mahaana Retirement.

For Salaried Class:

Monthly Income
Annual Income
Annual Tax Income
Effective Tax Rate
VPS Investment Permissible for Tax Credit – PKR
Maximum Tax Credit Amount – PKR
50,000
600,000
0
0.00%
120,000
0
100,000
1,200,000
30,000
2.50%
240,000
6,000
200,000
2,400,000
230,000
9.58%
480,000
46,000
300,000
3,600,000
550,000
15.28%
720,000
110,000
400,000
4,800,000
945,000
19.69%
960,000
189,000
500,000
6,000,000
1,365,000
22.75%
1,200,000
273,000
600,000
7,200,000
1,785,000
24.79%
1,440,000
357,000
1,200,000
14,400,000
4,735,500
32.89%
2,880,000
947,100
2,000,000
24,000,000
8,431,500
35.13%
4,800,000
1,686,300
3,500,000
42,000,000
15,361,500
36.58%
8,400,000
3,072,300
5,000,000
60,000,000
22,291,500
37.15%
12,000,000
4,458,300

For Non-Salaried Class:

Monthly Income
Annual Income
Annual Tax Income
Effective Tax Rate
VPS Investment Permissible for Tax Credit – PKR
Maximum Tax Credit Amount – PKR
50,000
600,000
0
0.00%
120,000
0
75,000
900,000
45,000
5.00%
180,000
9,000
100,000
1,200,000
90,000
7.50%
240,000
18,000
150,000
1,800,000
230,000
12.78%
360,000
46,000
200,000
2,400,000
410,000
17.08%
480,000
82,000
300,000
3,600,000
810,000
22.50%
720,000
162,000
500,000
6,000,000
1,790,000
29.38%
1,200,000
358,000
1,250,000
15,000,000
6,424,000
42.83%
3,000,000
1,284,800

Unlock your pathway to
Financial Freedom

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Frequently asked questions

Everything you need to know about Mahaana Retirment
What is the Mahaana IGI Islamic Retirement Fund?
It’s a Shari’ah-compliant pension plan from IGI Life and Mahaana Wealth. You save for retirement, get up to 20% tax savings, Takaful coverage (life insurance and emergency medical help with a PKR 1,000,000 balance), and expert investment management. Your money is secure with the Central Depository Company (CDC), and you can track it 24/7 via the Mahaana portal or app.
How does Tax savings work?
Simple: if you put 20% of your monthly income into the fund, your income tax bill drops by 20%. The tax credit equals your contribution (up to 20% of your annual income) times your effective tax rate (total tax ÷ income). For example:
Earn PKR 500,000 monthly (PKR 6,000,000 yearly), pay PKR 85,458 monthly tax (PKR 1,025,500 yearly, 17.09% rate per 2025–26 slabs).
Contribute PKR 100,000 monthly (20% of income, PKR 1,200,000 yearly).
Tax credit = PKR 1,200,000 × 17.09% = PKR 205,080 yearly (PKR 17,090 monthly).
Your monthly tax drops from PKR 85,458 to PKR 68,368—a 20% reduction.
Does this 20% tax cut work for everyone?
Yes, if you contribute 20% of your income and have a tax bill (income above PKR 600,000 yearly). The 20% tax reduction holds for all taxable income levels. For example:
- PKR 100,000 monthly income (PKR 1,200,000 yearly), tax PKR 6,000 (0.5% rate), contribute PKR 240,000 (20%) → tax credit PKR 1,200 (PKR 100 monthly, 20% of tax).
- PKR 1,000,000 monthly income (PKR 12,000,000 yearly), tax PKR 3,025,500 (25.21% rate), contribute PKR 2,400,000 (20%) → tax credit PKR 604,100 (PKR 50,341.67 monthly, 20% of tax).
- If you contribute less than 20%, the tax cut scales down (e.g., 10% of income gives a 10% tax cut).
What if I contribute less than 20% of my income?
Your tax credit shrinks proportionally. For example, with PKR 500,000 monthly income (PKR 85,458 monthly tax):
- Contribute PKR 50,000 monthly (10% of income, PKR 600,000 yearly).
- Tax credit = PKR 600,000 × 17.09% = PKR 102,540 yearly (PKR 8,545 monthly).
- Your tax drops by 10% (PKR 85,458 to PKR 76,913 monthly). The rule: your tax cut percentage matches the percentage of income you contribute, up to 20%.
How do I claim the tax credit?
Download your account statement from the Mahaana portal, showing your VPS contributions for the year. Submit this to your HR/Accounts department to claim tax credits. The credit lowers your tax bill directly.
What happens if I withdraw money before retirement?
Withdrawing before age 60 or 25 years from the start of your investment (whichever comes first) comes with a cost:
- The Pension Fund Manager (via NCCPL) deducts a withholding tax equal to your average tax rate for the preceding three years, calculated from the last three tax return statements you attach in the Mahaana portal when requesting withdrawal.
What’s the tax benefit at retirement?
At age 60, you can withdraw up to 50% of your fund balance tax-free (based on current rules). The rest can fund a monthly pension or stay invested, but these payments may be taxable.
Is the fund Shari’ah compliant?
100%! It follows Islamic principles, avoiding interest (riba) and non-halal industries like alcohol or gambling.
Can I contribute more than 20% of my income?
Yes, but the tax credit caps at 20% of your taxable income. Extra contributions still grow tax-free in the fund, boosting your retirement savings.
What if I switch jobs or stop working?
Your fund stays with you! You can keep contributing via the Mahaana portal. It’s your money, safe with the CDC, and you control it.
Who is this product ideal for?
The Mahaana IGI Islamic Retirement Fund is perfect for long-term investors in the salaried class who are tax filers in Pakistan. It’s designed for those earning above PKR 600,000 annually who want to save up to 20% on their taxes while building a Shari’ah-compliant retirement nest egg. The tax credit is especially attractive for higher earners (e.g., PKR 500,000 monthly income saves PKR 17,090 monthly in taxes with a 20% contribution).