Considering that it is not mandatory in Kenya for employers to have an occupational pension scheme, setting up one within your organization may be just what you need to differentiate you from your competitors. One of the things that employees…
Whether you are a member of an occupational or individual scheme, saving money in a pension plan is a sure way of guaranteeing your financial security, post-retirement. One major benefit of pension plans, aside from being a source of income…
Contributions made towards pension schemes are tax deductible. However, this should not deter you from saving up for retirement. There is a maximum tax deductible amount, and income that you earn from investments is tax free. The law in Kenya…
You have been doing research about pension schemes in Kenya, and have even talked to experts. You are however still hesitant because there is one minor detail that worries you – pension withdrawal. Can you access the money if an…
Including retirement benefits for employees is increasingly becoming more and more important. The fact that you have a pension scheme could be the only differentiator between you and the competition when trying to acquire top talent. Retirement benefits not only…
As we get older, we lose the energy and ability to work. It is therefore imperative to think about income sources during retirement. How about the National Social Security Fund (NSSF)? While this may be one income source, it may…
According to the Society for Human Resource Management, work benefits constitute 30% of the reasons why employees leave or stay at their current organizations. What this means is that the businesses that offer better benefits could have lower employee turnover…
Honestly, it’s all down to you. The question you ought to ask yourself is how good are you at picking out the right investment portfolio? If you are thinking of a retirement plan or have one, then you agree that…
Often, we assume that the mistakes that ruin our retirement are those inflicted on us by a market crash that blows our nest egg, or an adviser who misleads us. Actually, the costliest retirement mistakes are of our doing. Here…
Retirement planning like any other life goal is serious business. It requires a good amount of hard work and patience. But even then, there are always smarter ways of achieving the results we want faster or easily, even if it…
The pension scheme discussion is surprisingly not common among young people starting out their careers. It is even sad when the narrative still holds for older people. Since the onset of the Covid-19 pandemic, many people have had to alter…