Akiba Plus
Individual Pension Plan
What is the Akiba Plus -Individual Pension Plan
An Individual Pension Plan (IPP) is a personal retirement savings arrangement that allows individuals to build up their retirement benefits independently, whether they are formally employes, self-employed, informally employed, running a business or employed in organizations without a formal retirement scheme.
An IPP provides flexibility in contributions, portability across jobs, and guaranteed capital protection. Importantly, the Retirement Benefits Act allows members of an IPP to retire early from the age of 50 years, compared to 55 or 60 years for corporate pension schemes.
Through our Akiba Plus platform, this makes an IPP a valuable option for individuals seeking greater control, security, and flexibility in planning their retirement income.
Individual Pension Plan
Key Features and Benefits
High Rate of Return – Allow your pension savings to grow at a high rate, amongst the highest in the market
Digital and Easy Access – You get the chance to view, access and control your pension savings fund at your convenience.
Consolidate all your existing pension pots – Through Akiba Plus, we provide you a chance to transfer in all your pension funds from different employer into one visible and manageable platform without a hassle.
Self-Contribute to your portfolio - This is a chance for you to empower yourself, begin planning for your future and build your long-term savings by tailoring it to your needs and contributing at your convenience for future use.
Tax Benefits: Members contributing enjoy tax-deductible contributions (up to KES 30,000/month)