Retire in style

guaranteed personal pension plan

The Guaranteed Personal Pension Plan allows you to save conveniently towards retirement and earn an interest on all your deposits.

The funds are invested collectively in safe and stable money market securities such as Treasury Bills and Treasury Bonds, with the objective of providing a guaranteed rate of return to members every year. Returns earned from these investments are paid out to members in the form of interest income.

The interest is compounded on an annual basis until the member attains retirement age and wishes to withdraw the funds. This allows the investment to grow faster than any ordinary investments, because the interest earned also continues to earn more money.

The fund is licensed and regulated by the Retirement Benefits Authority (RBA).

Features and Benefits:  

  • Minimum deposit of Ksh. 250·
  • One can invest at their own convenience.
  • No regular deposits required.·
  • Competitive interest rate and enhanced safety of funds ·
  • No hidden charges
  • M-Pesa option for deposits (paybill number 501100)·
  • Interest compounded annually·
  • Online statements
  • No minimum balance requirement .
  • Your pension contribution is tax exempt up to Kshs. 20,000 per month or 240,000/- per year.
  • Once you retire you can withdraw a lump sum amount of Kshs. 600,000 tax free.

The Zimele Guaranteed Personal Pension Plan is ideal for:   

  • Self-employed individuals·
  • People approaching retirement age and looking to consolidate their pension income.
  • Those who do not want a risky product for their retirement savings

Safety of Your Money:  

The Zimele Guaranteed Personal Pension Plan has NatBank as its Trustee and KCB Bank as its Custodians. The role of the trustee is to safeguard the interests of the members of the Plan. The role of the custodian, who must be affiliated to a commercial bank, is to keep all investment certificates and money safely on behalf of members.

TERMS AND CONDITIONS
1. The minimum investment amount is Kshs. 250/=
2. Withdrawals are processed within one week and payments are wired directly to members’ bank accounts.
3. A member may liquidate part or all of their investment.
4. Inter-fund transfers are allowed subject to administration fees, where applicable.
5. Any inter-fund transfer must be in writing, dated and signed by the holder of the account.
6. Members placing standing orders must fill in the standing order form and attach a copy of the instructions given to their bank.
7. There are no withdrawals fees, penalties or hidden charges
8. Funds sent via mobile money transfer services will attract standard charges levied by the respective service providers.
RETURNS ON YOUR INVESTMENTS
1. Investment returns in the Balanced Fund are not guaranteed. Always remember that the value of your investment can rise or fall and that you may not get back the full amount you had invested, depending on prevailing market conditions. Past performance is not an indicator of future performance. The Balanced Fund should therefore be considered as a medium to long term investment.
2. The principal amount in the Money Market Fund is not subject to fluctuations during the period of investment. Interest in the Money Market Fund is earned on a monthly basis and will vary from time to time based on conditions prevailing in the money market.
DECLARATION
I confirm that the record provided to establish our identity is accurate. I hereby declare that all of the monies I invest in the Zimele Unit Trust Funds, whether periodically or as a one-off contribution are from a legitimate source, and not from the proceeds of crime, money laundering or other illicit activities. Furthermore, we accept that should there be any justifiable suspicion as to the possibility that we, or another party acting on our behalf, may have engaged or been a participant in money laundering and related offences as outlined in the Proceeds of Crime and Anti-Money Laundering Act 2009, we shall absolve Zimele of any liability and assist the relevant authority with investigations on the same.
I have read and fully understood the contents of this document. I have accepted and complied with the terms and conditions as amended in so far as this application may affect our investments. I indemnify the Trustees, Fund Manager and Custodian of the funds against any contravention of these terms and conditions caused by my failure to comply with any provision thereof.