The Zimele Personal Pension Plan is an  individual pension scheme registered with the Retirement Benefits Authority (RBA). It is authorized under the Income Tax Act, and as such, is entitled to certain tax benefits that make it a tax efficient way of saving for retirement. The Zimele Personal Pension Plan is suitable for the self-employed and persons whose employer does not have an in-house pension scheme. The objective of the Zimele Personal Pension Plan is to provide an individual with an investment plan into which they may contribute savings for use in retirement.

How does it work?

The Zimele Personal Pension Plan works on the pooling of funds concept. In this scheme contributions of the individuals and any additional contributions from a third party, such as an employer, are invested to build up the retirement benefits.

How to Save In the Zimele Personal Pension Plan.

• Make regular contributions or lump sum payments to the scheme. Remember there is no upper limit as to how much one may contribute to the scheme.
• Money is invested in interest earning assets and stocks on behalf of members through the scheme and the amount of money received at retirement depends on how much is saved and how it has been invested.
• The only charge is a management fee of 2.5 % per year.

You can download the Zimele Pension Plan brochure (pdf) here.

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