The Praxis Employee Savings App is an online investment and savings platform designed to help employees save for their financial future. This app offers users access to world-class investment funds, helping to maximise returns while minimising fees. Members can choose between risk-rated portfolios for hands-off investing or build their own personalised strategy by selecting from an extensive range of funds. The app ensures full transparency with no minimum terms or exit penalties, giving users the freedom to manage their savings and investments in real time.
For Members in the UAE, the app can also be used to track gratuity amounts due upon ceasing employment, manage investment portfolios and make withdrawals online. Once onboarded by your employer, the app provides access to fund data, transaction history and a user-friendly interface for managing beneficiaries and savings contributions.
Key features include:
• Employer-driven platform requiring employer onboarding
• Gratuity tracking and savings management
• Pre-built risk-based portfolios and self-select funds
• No minimum terms or exit penalties
• Transparent institutional-rate pricing on investment options
• Easy withdrawal and beneficiary management
Withdrawals and beneficiary changes are subject to processing times and may depend on the specific terms of the investment funds selected. While there are no minimum terms or exit penalties, certain external banking or processing fees may apply. Withdrawals to non-UAE bank accounts may take longer and incur additional charges due to international banking procedures. Access to the app and its features is contingent upon your employer’s participation in the scheme. Employees cannot independently sign up without their employer’s involvement.
Gratuity amounts shown in the app are for illustrative purposes only and are subject to confirmation by your employer. The app does not guarantee payment or final amounts, which will be settled directly between the employee and employer. Investment options are subject to market risk. The value of your investments may go down as well as up. Past performance is not indicative of future returns. Some funds may have minimum investment thresholds. While the app does not impose exit penalties, some investment funds may involve market conditions or fund-specific restrictions that could affect withdrawal timing or value. Institutional rates are negotiated on behalf of users but may vary based on the fund selected. Additional fund-specific fees or charges may apply, which will be clearly disclosed within the app.
PraxisIFM Trust Limited (Praxis) is regulated by the Financial Services Regulatory Authority in ADGM. Praxis do not provide investment management services or investment advice. Please see our Terms & Conditions for further information.