So far,i've had a look at the Zimele and CFC websites...they dont say much,though they have this plans,anyone using either of the two? Advice is what we ask for when we already know the answer but wish we didn't..

@ leona, I personally have the same problem. I started with the RBA website and went through there list of approved managers http://www.rba.go.ke/page.asp?id=629 Then i google randomly. To say the least all the insurance companies give very little information on their website went through list of there websites http://www.akinsure.com/...2.asp?active_page_id=232 And i cannot rely on agents the like of winner who are out to win a commission from me. I have nothing wrong with agents but i find that they are usually deficient in information,and when all is said and done they will push you into some unit linked insurance scheme and not a personal pension plan. @ winner,if you have the information give it then we shall flock to you!! Can someone who has gone through the process help with information. What does your benefit invest in! When can i access the money. IF i start saving early will my rate be lower. How do i get my taxes on the PAYE. SK A.L.U.M.N.I (Alcoholic Liason and Undergarments Manager of Nakedness Internationally)

Hi, I work with Britak (BRITISH AMERICAN INS),which is one of the best companies licensed by RBA to provide personal pension plans.You make monthly contributions that BRITAK invests through BRITISH AMERICAN ASSET MANAGERS (BAAM). Investment avenues include the NSE,off-shore markets and large scale real-estate.The term of investment is dependent on your desired retirement age subject to a minimum of 10yrs.However,we recommend longer term e.g 15yrs to enjoy superior returns gained from the power of compounding.e.g a person,33yrs old,saving ksh 15000 gets a lumpsum of ksh7.5M if the annual rate of return is 15%. The returns are guaranteed to be at least the invested premiums with a min. return of 2%.This means that even if the receesion existed throughout the investment period or even to the worst we went to war thus afecting returns,you can never lose your money. You can choose to escalate your contributions annually at e.g 5% or make irregular ad-hoc lumpsums,min ksh5000,which helps beat inflation. The investment is also attached with protection benefits e.g life cover e.g 1M,5m,10m. This is a lumpsum paid to your next of kin within 48hrs maximum in case your powers of working are taken away thru death.(God forbid) waiver of premium on death and disability-If one becomes disabled thru a sickness or thru an accident,all future monthly contributions are waived and the cover continues free of charge.This guarantees you of the reality of your drea retirement irrespective of change in circumstances of life or ill-health. TAX RELIEF Upon signing up,we issue you with a contract after max 1month,and a tax certicate that entitles you to 15%tax relief. You enjoy the relief direct on your payslip by reducing the monthly charges of PAYE and if in business,you attach the certicate while remitting your annual tax returns and only payment above the 15% relief is remited to KRA. The tax relief is an incentive from the govt to encourage people adopt a saving culture. NB At the end of the term,you can choose to withdraw the entire lumpsum or have the lumpsum ivvested without making additional payments and you receive a monthly income for your dream retirement. I hope this information will be helpful.please do not hesitate to contact me for further clarification at winnerkariuki@gmail.com. winners never quit and quiters never win

@layman, thanx for ur view.however,i think the purpose of this site is information,or as the wise say,KNOWLEDGE IS POWER.If you've got knowledge on a different package,just let us know . winners never quit and quiters never win

@leona, Hi, minimum monthly contribution at Britak is ksh5000.This can however be increased or reduced (to a minimum of ksh2500 )in case business went low or employment circumstances changed e.g retrenchement. In case one's financial circumstances changed and they can't afford to remit the monthly contributions,one can stop further payment and leave the invested amount to grow till maturity or even withdraw.this however is subject to a minimum period of 2yrs. winners never quit and quiters never win