The NSSF Tier II came about because of the NSSF Act 2013. One of the biggest wins of this act was the “Opt-Out” provision for Tier II allowing the private sector to “contact out”, which is our main focus today. In this article, I will take you through the act, understanding of NSSF Tier I […]
NSSF Tier II: Contracting Out -Calculation, Benefits, and Accessibility Read More »
Britam’s Boresha Elimu is an education policy designed to align with CBE Junior and Senior Secondary levels and IGCSE Lower Secondary level. It is an endowment plan, meaning it is a hybrid policy combining life coverage and a disciplined savings component. The plan might appeal to you as it is tailored to meet the needs
Britam’s Boresha Elimu Education Policy Review: What it is and Benefits Read More »
This tool is a Money Market Fund calculator for Kenya or Unit-linked Life Insurance such as Britam Imarika Investment Plan. It helps you calculate your exact compound interest, net daily returns, and growth for top-performing Money Market Funds and investment plans in Kenya. The tool factors in Kenya’s 15% KRA Withholding Tax (WHT) on interest and management fees
Money Market Fund Calculator Kenya: Net Returns After Tax Read More »
Estimating school fees should not feel like guess work. The following education insurance policy calculators are designed for school fees planning in Kenya. These education planning calculators are of two types: Jump Instead To: Request A Quick Education Insurance Policy Quote Education Insurance Savings Plan Quote Request Please submit your child’s exact educational details below.
Education Insurance Policy Calculator Kenya Read More »
This dynamic Endowment Policy Calculator if for estimating survival benefits and/or final maturity payout based on your age and savings goals. The calculator assists you to do financial planning for your future goals such as buying a house, land, or saving for your child’s education or old age (retirement package). I have also included a
Endowment Policy Calculator Kenya/Life Insurance Calculator Kenya Read More »
Britam dominates the life insurance market, and for that reason, I want to take you through its education policies, which are part of life insurance, and find out why they are so popular and widely adopted. Britam also dominates in pensions and investment products, which puts more weight on this review. Britam has quite a
Britam Education Policies Review: Benefits, Costs & Is It Worth It in Kenya? Read More »
Income drawdown is one of the two retirement income products in Kenya. The alternative is the traditional annuity. Income Drawdown in Kenya is simply an arrangement where a retiree draws a regular periodic income from a specialized investment fund where their accumulated pension savings are reinvested. Income Drawdown fund keeps the principal sum invested in
Income Drawdown in Kenya (RBA Rules, Tax and Providers) Read More »
A pension annuity is one of the retirement income products. The alternative of Annuity is Income Drawdown Fund. An annuity is a financial contract you execute with a registered life insurance company where you as a retiree pays a lump sum in exchange for guaranteed, periodic income payments for life or a specified period. The
Retirement Annuities in Kenya Guide (RBA Rules, Tax and Options) Read More »
An individual retirement plan is a scheme that allows an individual to build retirement income by making regular contributions during one’s working life. Your retirement savings grow steadily over time while earning interest. On attaining your preferred/selected retirement age, you get paid your accumulated retirement benefits in accordance with the terms of your policy. When
Individual Retirement Plan in Kenya Read More »
At retirement, what are your pension options? This is a question you should ask yourself early enough before your retirement date. There are 3 ways to go about it, depending on the retirement planning product you have, either a pension or a provident fund, and you need to understand each well, since they determine how
Pension Options At Retirement in Kenya: Annuities & Income Drawdown Explained Read More »