Big Changes Coming to Pension Access in Kenya! Are You Prepared?

The Retirement Benefits Authority (RBA) is proposing new rules that will restrict pension withdrawals for employees below the age of 50. This means you may no longer access half of your pension when changing jobs, a move aimed at securing better retirement savings.

Proposed Change: Eliminate provisions allowing workers under 50 access half of their pension benefits upon job transitions

Rationale: Early withdrawals have led to diminished retirement savings, leaving many retirees financially vulnerable. Notably, over 80% of senior citizens continue working to meet basic needs, highlighting the insufficiency of current pension payouts.

Exceptions: Full pension access before age 50 would still be permitted under specific conditions, such as ill health or permanent migration out of Kenya.

What This Means for You:

Limited Early Access – No more withdrawing 50% before age 50 More Focus on Retirement Stability – Encouraging long-term financial security Exceptions Apply – Early withdrawals allowed for ill health or migration

Why You Need a Solid Retirement Plan NOW

At Zurit Consulting, we specialize in retirement planning to help individuals and corporates prepare for a financially secure future. Whether you’re navigating pension regulations or looking for wealth-building strategies, our expert training sessions will equip you with:

?Smart investment options beyond pension savings ? Tax-efficient retirement strategies ? Customized pension planning tailored to your goals

Don't Wait Until It's Too Late! Secure your financial future today. Talk to us at Zurit Consulting for expert retirement planning!