Individual Pension Plan

It is registered by both the Retirement Benefits Authority and the Kenya Revenue Authority
It is a savings plan that provides financial protection in old age.
It can be started by self employed, business people, small employers, or members transferring from employer sponsored group schemes.
The maximum allowed contribution into a registered Individual Pension plan is 30% of the monthly salary or Kshs 17,500/= per Month.
The maximum tax-deductible amount on contributions into a registered IPP is Kshs. 17,500 or Kshs. 210,000 per year.
The employer can contribute on behalf of the employee as long as the combined contributions do not exceed 30% of the employee's salary.
Upon leaving employment an employee can continue contributing into the IPP.
In the event of death payment of the accumulated fund is made to the named beneficiaries.
The pension funds are invested in guaranteed fund and secure instruments to ensure that the returns are reasonably high and stable.
Interest rates declared by CFC Life Assurance Limited

Interest rates declared for the last five (5) years were: -

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