Invest with Individual Pension Plan
What are Individual Pension Plans?
An Individual Pension Plan (IPP) is a personalized retirement savings scheme registered with the Retirement Benefits Authority (RBA) in Kenya to help individuals save for retirement.
Features of an IPP in Kenya
- Voluntary personal pension plan
- Flexible contributions
- Choice of multiple fund managers
- Invests in approved assets like bonds, and securities
- Tax relief on contributions
- Lock-in until retirement age
Benefits of Investing in Individual Pension Plans
Forced long-term savings for old age
Tax savings to enhance disposable income
Compound growth through fund's investments
Income security and peace of mind after retirement
Access to variety of retirement savings products
Flexibility to change investment options
Who Should Invest in Individual Pension Plans?
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