Personal Pension Plan

Start planning early

The Zimele Personal Pension Plan, also called the growth fund, works on the pooling of funds concept. Your contributions and any additional contributions from a third party, such as an employer, are combined and invested in interest earning assets, including as Treasury bill and Treasury Bonds, and shares of companies listed at the Nairobi Securities Exchange (NSE) on your behalf through the scheme with the objective of ensuring you end up with sufficient pension benefits upon retirement.

It is recommended for people who have a longer period before they attain retirement age since they can take advantage of time for their investments to accumulate attractive returns.

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

Features and Benefits:  

  • Affordability: Minimum deposit of Kshs. 250 only.
  • Flexibility: you can vary the amount you contribute and the frequency of your contributions.
  • Convenience: You can deposit through M-pesa Business number 501100.
  • There is no penalty for not contributing for a period of time.
  • 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.
  • Online Statement

The Zimele Guaranteed Personal Pension Plan is ideal for:   

  • Self-employed individuals·
  • Young people looking to take advantage of the stock market to grow their retirement savings

Safety of Your Money:  

The Zimele 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.