What is Personal Pension Plan?
Retirement could mean the end of a work shift or a gradual transition with reducing responsibilities and commitments. However you see it, we want to be there so we can help you make that transition into a sustainable, long, and happy retirement. With our Personal Pension Plan, that is possible. It's suitable for self-employed people, informal groups and former employees. The member determines how much they can save regularly which they can review at will.
- You can vary your contributions after giving a 30-day notice.
- The pension plan is not tied to your current employment.
- You can get the accumulated savings as a lump sum of retirement.
- You can also convert part or all of the savings into a stream of regular payments.
- The fee rate is charged annually and disclosed at registration.
- You can access your interim contribution statement at any time.
- The retirement plan is tax-exempt and your contributions are exempt up to set limits
- We do not penalize you on withdrawal
- You can use up to 60% of your accumulated pension savings as collateral for a mortgage loan

- To set up a personal pension plan, you have to be between 18 and 74 years.
- You can also join by transferring your accumulated pension savings from another pension plan.
- You have to contribute at least KES. 500 per month to your savings to keep your account active.

- Tax relief benefits on contributions made
- Tax relief benefit based on years of membership in the scheme
- Transfer from other schemes acceptable
- Both self-employed and employed individuals are eligible
- Has a provision for individuals, SME and Corporate schemes
- Competitive returns on your pension savings
- Accumulated savings can be used as collateral to access a mortgage facility
- You are entitled to a final benefit statement at the close of each financial year
- The investment income is allocated annually to your accumulated savings
The retirement plan is tax-exempt. Savings contributions are also exempt up to set limits. We also do not penalize you on withdrawal.