It is time to rethink your retirement timeline. You may think the end of your working life is a long way away, but the earlier you start to plan, the sooner you will achieve financial freedom. To help you prepare, we have created a tailor-made retirement savings plan. The plan enables you to build a retirement fund by making periodic contributions into an interest-bearing fund. Let the power of compounding interest work for you.
Why choose the Personal Pension Plan?
- It is 100% convenient, contributions can be paid through M-PESA, cheques, bank standing order, or cash.
- We take a prudent approach in investing your funds, with security and sustainable long term returns as a priority – providing a guarantee on your accumulated fund.
- We provide a statement of account at the end of each financial year showing contributions and interest earned on funds.
Key Benefits
Accumulated contribution may be used as collateral against mortgage loan
Tax relief benefit for contributions below KES 240,000 per annum
Guaranteed accumulated capital and investment income
No set up fee
Guaranteed investment rate of 4%
FAQs
Members at retirement may opt to draw periodic regular income up to a maximum of 15% per annum while investing the balance.
Cheque, bankers standing order, salary stop order, cash or M-PESA 328103, account number PPP Policy Number. You may contribute monthly, quarterly, bi-annually, or annually.
Complete the application form and forward it to us together with a copy of your ID/Passport, KRA PIN and the first contribution
