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    • Individual Pension Plan

    Individual Pension Plan is a flexible, voluntary retirement savings solution designed to help individuals build a secure financial nest egg for post-career life. Registered and licensed by the Retirement Benefits Authority (RBA) and the Insurance Regulatory Authority (IRA), this plan allows both employed and self-employed individuals to systematically save, enjoy tax exemptions on contributions, and compound their wealth tax-free until retirement.

    What is Individual Pension Plan?

    • Kilele allows you to save for retirement hassle free!
    • This is available in two types: Provident fund and Pension Fund.
    • The Provident fund pays off the accumulated benefit as a lump sum at retirement.
    • Pension Fund on the other hand Pays 1/3rd of the accumulated benefit as a lump sum and the remaining 2/3rds is considered for the purchase of an annuity or income draw down

    • Significant Tax Relief: Contributions qualify for tax deductions under the Kenya Income Tax Act (up to KES 20,000 per month or KES 240,000 annually), reducing your taxable income.
    • Tax-Exempt Investment Growth: Accumulated interest and capital gains compound tax-free within the fund, drastically accelerating long-term growth.
    • Flexible Contribution Rates: Make payments monthly, quarterly, or via lump-sum top-ups through salary check-off, direct debit, or M-Pesa.
    • Portability & Ownership: The account belongs to you; benefits stay intact and transferable even if you switch employers or change careers.
    • Collateral for Mortgage Access: Up to 50% of accrued pension benefits can be pledged to secure a residential mortgage under RBA regulations.

    Available Plan Options

    1. Provident Fund Option
      Payout Structure: Pays out 100% of accumulated benefits as a single cash lump sum upon reaching selected retirement age.
      Best Suited For: Individuals who prefer direct capital control to invest in private ventures, property, or clear major debts upon retirement.
    2. Pension Fund Option
      Payout Structure: Disburses up to 1/3rd of accumulated benefits as an immediate lump sum at retirement. The remaining 2/3rds is converted into an annuity or income drawdown facility to deliver guaranteed monthly income.
      Best Suited For: Savers prioritizing sustained monthly cash flow and financial stability throughout retirement.
    • ✓Hassle-Free Wealth Building: Enables seamless, disciplined accumulation tailored to your income level.
    • ✓RBA & IRA Regulated: Fully compliant with statutory standards, ensuring maximum governance and fund security.
    • ✓Backed by Financial Expertise: Funds are professionally managed by Pioneer Assurance to deliver consistent, competitive annual yields.
    Self-Employed Professionals & Entrepreneurs

    Self-Employed Professionals & Entrepreneurs: Business owners, freelancers, and consultants seeking a structured, tax-efficient retirement fund.

    Employed Individuals:

    Employed Individuals: Workers looking to boost their retirement savings beyond compulsory NSSF or occupational schemes.

    Informal Sector Earners

    Informal Sector Earners: Individuals desiring a flexible savings plan with arbitrary, mobile-friendly contributions (M-Pesa).

    Scheme Transfers

    Scheme Transfers: Departing employees wishing to preserve deferred benefits or transfer accumulated funds from previous employer pension plans

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