Retirement options

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Retirement is perceived different yet it is a naturally transition process that helps reduce responsibilities and commitments. We are seasoned retirement advisors who are ready to journey with you to make the transition into a sustainable, long, and exiting retirement. The following are a description of Annuity types that are mostly preferred and currently available from the market;

a) Life Annuity

Annuity is Pension. An annuity ensures that the retiree has an income for life or for a convenient numbers of years. There are many types of permanent and temporary annuity that are aimed at meeting different customer needs.

b) Income drawdown

Pension Benefits may be transferred from any retirement benefits scheme or any other approved source into a drawdown arrangement of a member’s choice. The plan allows you access to your retirement savings as an income while keeping the balance invested. The minimum draw-down period allowable is ten years from the date of commencement of the drawdown and the member may withdraw an income from his/her draw-down fund subject to a minimum and maximum of 8% and 15% respectively.

Advantages

The funds are invested in a guaranteed fund where they continue to grow as you access an income;
Ability to choose your income ever year;
Every year you can choose to access any amount up to a minimum of 8% and maximum of 15% of lump sum deposited as long as your fund will run for a minimum of 10 years.
Allows flexibility on frequency of income; a member can choose not to access any income until a later date or you can vary the frequency of accessing the benefits every year to suit your income needs;
Enables you to purchase an annuity at a later date whe you are older;
After expiry of 10 years you can choose to purchase an annuity which will provide you with an income for life;
Allows you to leave an inheritance to your beneficiaries.

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+254 727 475625

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betty.kiongo@bekilinkagency.com

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Josem Trust Place, Masaba Rd, off Bunyala Rd

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