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 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
Tax relief benefit
No set up fee
Guaranteed investment rate of 4%
FAQs
Yes, It is entirely yours and is available to you at your retirement or to your nominated beneficiaries upon earlier death. It is completely portable and is not affected by any change in your employment.
Cheque, banker’s order, standing order, salary stop order or cash. You may contribute at your own pace whether it is monthly, quarterly, half-yearly or even annually.
The minimum amount of contribution to start the plan is currently Ushs. 1,200,000= for the first year (Ushs. 100,000= per month).
