Types of Pensions
Individual Pension Plan
Individual Pension Plan is designed to enable individuals to save for their retirement by making regular contributions into the scheme during their working years and grow their retirement savings.
Features;
- The scheme has a low minimum contribution of Kshs. 1,000 per month
- Upon retirement, the member will access their accumulated benefits as a lump sum.
Income Drawdown Fund
Income Drawdown Fund provides individuals and members of retirement benefits schemes an option to access their benefits as a regular income. This is through opting for an investment fund upon retirement, rather than taking up an annuity, and thus enjoying the benefit of professional fund management of their post-retirement benefits, and investment income from the same.
Contact us to find out more about pensions.