Planning for retirement is one of the most crucial financial steps you can take in life. Individual Pension Plans (IPP), also known as Individual Retirement Benefits Schemes, offer an excellent way for individuals to save towards their future, providing a safe and flexible way to prepare for retirement.
In Kenya, these pension plans are regulated by the Retirement Benefits Authority (RBA), ensuring that they meet high standards for both management and security. IPPs allow you to make personal contributions, enjoy tax benefits, and choose from various investment options, giving you full control over your retirement savings. Unlike employer-sponsored pension schemes, IPPs empower individuals to manage their retirement funds.
This comprehensive guide offers the complete list of registered Individual Pension Plans (IPP) in Kenya as provided by the RBA, alongside details on their benefits, tax advantages, and how to reach the RBA for further information.
Understanding Registered Individual Pension Plans (IPP) in Kenya
Registered Individual Pension Plans (IPP) are personal retirement savings accounts designed to help individuals save for their retirement. These plans are approved by the Retirement Benefits Authority (RBA), ensuring that they comply with the country’s pension regulations and protect members’ savings.
Key features of IPPs include:
- Regular Savings for Retirement: You can contribute to your IPP regularly, helping you build a significant retirement fund over time.
- Tax Relief on Contributions: Contributions to an IPP are eligible for tax relief, up to a certain limit, reducing your overall tax liability while helping your savings grow.
- Investment Flexibility: You can choose from various investment options such as equities, bonds, and fixed income securities, allowing you to diversify your portfolio.
- Flexible Withdrawal Terms: When you reach retirement age, you can access your funds with flexible withdrawal terms, giving you control over how you use your savings.
IPPs are ideal for employed individuals, self-employed people, and workers in the informal sector who wish to ensure their financial security after retirement.
List of Registered Individual Pension Plans in Kenya
The Retirement Benefits Authority (RBA) ensures that all Individual Pension Plans (IPPs) are properly regulated and meet the required standards for managing retirement savings. Below is a list of licensed and registered IPPs in Kenya as of 2025:
- ABSA Individual Pension Fund
- Amana Personal Pension Plan
- APA Life Assurance Limited Individual Retirement Benefits Scheme
- Benefits At Work Personal Pension Scheme
- Blue MSMEs Jua Kali Individual Retirement Benefits Scheme (Mbao Pension Plan)
- Britam Individual Pension Plan
- Britam Individual Provident Fund
- Chancery Personal Pension Plan
- CIC Jipange Personal Pension Plan
- CPF Individual Pension Scheme
- Cytonn Personal Retirement Benefits Scheme
- Dry Associates Personal Provident Plan
- Enwealth Diaspora and Expatriates Retirement Fund
- Enwealth Personal Pension Scheme
- Equity Individual Savings and Retirement Plan
- Fahari Retirement Plan
- GA Life Personal Pension Plan
- GA Life Personal Provident Plan
- Geminia Personal Pension Plan
- Genafrica Hifadhi Personal Pension Scheme
- Genafrica Hifadhi Personal Provident Scheme
- Gencap Individual Pension Plan
- ICEA Lion Individual Retirement Benefits Scheme
- Jistawishe Personal Pension Plan
- Jubilee Insurance Personal Pension Plan
- Jubilee Life Personal Provident Fund
- Kenbright Individual Provident Fund
- Kenindia Assurance Personal Pension Plan
- Kenya National Entrepreneurs Saving Trust
- Kenya Orient Individual Pension Plan
- Kilele Personal Retirement Benefits Scheme
- KUSCCO Mutual Individual Retirement Benefits Scheme
- KUZA Individual Pension Plan
- Liberty Life Boresha Maisha Individual Pension Plan
- Liberty Life Boresha Maisha Individual Provident Plan
- Madison Insurance Personal Pension Plan
- Mafao Fund
- Mayfair Individual Pension Plan
- Mercantile Personal Provident Fund Scheme
- Minet Individual Pension Plan
- Mwanariadha Pension Plan
- Mwavuli Individual Pension Plan
- NCBA Investment Bank Individual Pension Plan
- NTISL Personal Pension Plan
- Octagon Personal Pension Scheme
- Old Mutual Individual Retirement Benefits Scheme
- Prudential Individual Retirement Benefits Scheme
- Qijito Personal Pension Plan
- Sanlam Life Personal Pension Plan
- Sportpesa Staff Pension Scheme
- Heritage AII Individual Retirement Benefits Scheme
- Kenya Alliance New Life Individual Retirement Benefits Scheme
- Monarch Personal Pension Plan
- UAP Life Assurance Individual Retirement Benefits Plan
- Ustawi Personal Pension Plan
- Wakili Personal Retirement Benefits Scheme
- Zamara Vuna Pension Plan
- Zimele Guaranteed Personal Pension Plan
- Zimele Personal Pension Plan
These licensed pension plans are designed to help individuals save efficiently for their retirement while enjoying benefits such as tax relief, flexible contributions, and diverse investment opportunities.
Benefits of Joining Registered Individual Pension Plans in Kenya
1. Tax Advantages
One of the key benefits of contributing to a registered IPP is the tax relief you receive on your contributions. The Kenyan government allows you to deduct up to a certain percentage of your annual income when contributing to an IPP, thereby reducing your taxable income. This helps you save on taxes while securing your future.
2. Flexible Contributions
IPP providers in Kenya offer flexible contribution options, allowing you to save according to your financial capability. Whether you’re employed, self-employed, or in the informal sector, you can choose an amount that suits your income and financial goals. This flexibility makes IPPs ideal for a wide range of people.
3. Wide Investment Choices
IPP providers offer a variety of investment options, such as equities, bonds, and fixed-income securities, giving you the opportunity to grow your retirement savings over time. With multiple investment choices available, you can tailor your retirement portfolio based on your risk tolerance and financial objectives.
Retirement Benefits Authority Contact Information
If you have questions or want to learn more about IPPs or confirm the status of a particular pension plan, the Retirement Benefits Authority (RBA) is the regulatory body overseeing these schemes.
RBA Contact Information
- Address: Rahimtulla Tower, 13th Floor, Upper Hill Road, Opposite UK High Commission
- Phone: 020 280 9000 / Toll-Free: 0800720300 (Safaricom)
- Website: www.rba.go.ke
You can contact RBA for more information on registered pension plans, tax relief, and other retirement benefits services.
Registered Individual Pension Plans (IPP) in Kenya offer a safe, flexible, and tax-efficient way to save for retirement. With a wide range of plans to choose from, individuals can select one that suits their needs, financial goals, and retirement aspirations. Always ensure that the plan you join is approved by the Retirement Benefits Authority (RBA) to guarantee the safety and security of your retirement savings.
Start planning for your future today by exploring the options available to you. Secure your financial future with a registered IPP and enjoy the peace of mind that comes with knowing you’re on track for a comfortable retirement.
