WHAT WE DO
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info@luxactuaries.comIndependent, CMA-licensed advisory for UAE employers transitioning from traditional gratuity to the alternative end-of-service benefits savings scheme. We quantify your liability, compare fund managers, and model the cash-flow impact of transition.
The people selling you the fund should not be the same people telling you which fund to buy. Lux is CMA-licensed under Category 5 (Financial Consultations & Introductions) and carries zero ties to any fund manager, insurance company, or bank. Our recommendations are based solely on what is best for the employer and the employee.
Our team holds FIA, FASSA, CERA, and CAIA qualifications. We bring actuarial rigour to cash-flow modelling, investment analysis, and risk quantification that no other CMA-licensed adviser in the UAE can match. Every engagement is led by a named senior actuary, not a rotated junior consultant.
If you need an IAS 19 valuation alongside your EOSB transition, our sister company Lux Management & Holding FZ LLE handles the actuarial valuation. One team, seamless handoff, no gaps between advisory and compliance.
Discuss your reporting requirements and audit timelines.
CEO, LAFC (Lux Actuaries Financial Consulting)
Ruan van RensburgA structured six-step engagement that takes you from uncertainty to implemented scheme, with independent analysis at every stage.
We review your current workforce, payroll structure, and existing gratuity liabilities to determine whether the alternative savings scheme is the right move for your organisation.
Mechanical calculation of your accumulated gratuity obligation under UAE Federal Decree-Law No. 33 of 2021. This is not an IAS 19 actuarial valuation but gives you the baseline number for decision-making.
Year-by-year transition cash-flow projections showing the double-payment period, P&L impact, and balance sheet effect under multiple scenarios. Built for board presentation.
Independent profiling of all licensed fund managers. We assess fee structures, available fund ranges, administrative service levels, digital user interfaces, and the long-term support model of each provider.
We recommend a fund manager, handle MoHRE subscription logistics, and coordinate with HR on employee enrolment. Employee financial literacy support is included.
Your sister entity at Lux handles the annual IAS 19 actuarial valuation required for financial reporting, whether you stay on traditional gratuity or transition to the savings scheme.
As of 2026 the scheme is voluntary. The employer chooses to participate. However, the regulatory direction is clear. Strict Wage Protection System enforcement began on 1 June 2026, and industry observers consider this a precursor to mandatory adoption. We recommend joining before it becomes compulsory and onboarding volumes surge.
Under traditional EOSB (gratuity), the employer pays a lump sum at the end of employment based on final salary and years of service. Under the savings scheme, the employer contributes monthly to a regulated investment fund managed by licensed providers. The key difference is that traditional EOSB liability grows with every salary increase (retroactive revaluation), while savings scheme contributions are based on current salary only.
There are many factors to consider when selecting a provider, including cost and fee structures, the range of available funds (capital guarantee vs. risk-based), administrative service levels, user interfaces and mobile apps, and the availability of long-term fiduciary advisory assistance. We provide an independent comparison of all licensed providers to help you select the partner that best matches your specific workforce demographics and risk tolerance.
Yes. IAS 19 applies to employee benefit obligations regardless of funding structure. If you transition, you need an IAS 19 valuation for your legacy gratuity liability (past service) and ongoing reporting for the new scheme. Our sister company Lux Management & Holding FZ LLE handles this.
Your existing EOSB entitlement for service already completed remains under the traditional system. The savings scheme applies only to service from the date of enrolment. You will not lose any accrued liability. We model six implementation solutions ranging from paid-up legacy to immediate transfer, each with different cash demands.
The cost depends on your headcount, jurisdiction, and the complexity of your existing benefit structure. We provide a fixed-fee proposal after the initial readiness assessment. Contact us for a quote tailored to your organisation.
Book an independent EOSB readiness assessment. We quantify your liability, compare fund managers, and give you a board-ready recommendation. No sales pitch, just numbers.
Book Your EOSB Readiness Assessment