What you get with Personal Pension Plan

Retirement could mean the end of an 8 to 5, or a gradual transition with reducing responsibilities and commitments. However you see it, we want to be there so we can help you make that transition into a sustainable, long and happy retirement.

  • Flexibility

    • You can vary your contributions after giving a 30-day notice.

    • The pension plan is not tied to your current employment.

    • You can get the accumulated savings as a lump sum on retirement.

    • You can also convert part or all of the savings into a stream of regular payments.

  • Transparency

    • The fee rate is charged annually and disclosed at registration.

    • You can access your interim contribution statement at any time.

    • You are entitled to a final benefit statement at the close of each financial year.

    • The investment income is allocated annually to your accumulated savings.
  • Financial Perks

    • The retirement plan is tax exempt. Savings contributions are also exempt up to set limits.

    • We do not penalize you on withdrawal.

    • We will give you access to a wide range of other financial and risk solutions from UAP Old Mutual.

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Why choose our Personal Pension Plan?

  • For employers

    • You can convert your retirement compensation benefit plan for your employees into this pension or a provident fund and enjoy corporate tax savings.

    • You can create a non-contractual retirement benefit for your staff.

    • Use this complimentary pension plan to solve issues of discrimination among your employees.

  • For employees

    • On switching from a job with employment pension benefits, you can also switch to our personal pension plan.

    • The personal pension plan gives you an opportunity to enjoy great tax benefits as you save for your retirement.

    • When your current retirement benefits plan is wound up, you can switch to our professionally managed personal pension plan.
  • Eligibility

    • To set up a personal pension plan, you have to be between 18 and 74 years.

    • You can also join by transferring your accumulated pension savings from another pension plan.

    • You have to contribute at least KES. 500 per month to your savings to keep your account active.

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Fund Prices
Old Mutual Money Market Fund Daily Yield : 5.22%  Annual Rate: 5.35%
Old Mutual Equity Fund Buying Price: 347.77  Selling Price: 347.77
Old Mutual Balanced Fund/Toboa Buying Price: 148.33  Selling Price: 148.33
Old Mutual Bond Fund Buying Price: 101.03  Selling Price: 101.03

Fund Prices

Fund Prices at 12th December 2018

Fund Name Currency Daily Yield Effective Annual Rate
Old Mutual Money Market Fund Kenya Shillings 5.22% 5.35%
Fund Name Currency Buying Price Selling Price
Old Mutual Equity Fund Kenya Shillings 347.77 347.77
Old Mutual Balanced Fund/Toboa Kenya Shillings 148.33 148.33
Old Mutual Bond Fund Kenya Shillings 101.03 101.03