Retirement Fund
Guaranteed Retirement Fund is a group-based retirement solution offered by Stanbic Bancassurance Intermediary Limited and underwritten by Liberty Life Assurance Kenya Limited. It is designed to help organizations empower their employees with financial security upon retirement by investing contributions in a stable, guaranteed fund.
Why Choose This Retirement Plan
Comprehensive Retirement Benefits
Includes employer/employee contributions, voluntary additions, transfers, and investment returns accessible via lump sum, annuity, or gradual withdrawal.
Flexible Contribution Options
Accepts both single and regular contributions with no minimum requirement for group schemes.
Group-Based Flexibility
Tailored for corporates, SMEs, NGOs, and organized groups with options for Provident or Pension schemes
Guaranteed Investment Returns
Contributions are invested in a guaranteed fund, offering stable and assured returns over time.
Additional Benefits
- Dedicated customer support
- Stable and assured investment returns
- Member training for group schemes
- Online self-service portal for account management
Retirement options
- Members may receive a lump sum at retirement.
- Up to one-third of the fund can be accessed as cash.
- The remaining two-thirds can be used to:
- Purchase an annuity for lifetime income
- Withdraw gradually over a minimum of 10 years
Note: If a member passes away before retirement, their nominated beneficiaries will receive the total accumulated fund value, net of applicable taxes.
Eligibility and Access
- Entry Age: Minimum 18 years; no maximum age (subject to employer’s retirement policy)
- Access to Funds:
- Upon retirement or leaving employment
- Minimum retirement age: 50
- Tier II contributions accessible only at retirement
- Disability or Ill Health: Members receive full accumulated fund value if retiring early due to disability or illness
Contribution details
- Flexible Payment Options:
- Single upfront contribution
- Regular contributions (monthly, quarterly, semi-annually, annually)
- No Minimum Contribution Required for group schemes.
- Tax Deductibility Limits:
- Up to KES 20,000/month or KES 240,000/year
-
Additional Benefits
-
Retirement options
-
Eligibility and Access
-
Contribution details
- Dedicated customer support
- Stable and assured investment returns
- Member training for group schemes
- Online self-service portal for account management
- Members may receive a lump sum at retirement.
- Up to one-third of the fund can be accessed as cash.
- The remaining two-thirds can be used to:
- Purchase an annuity for lifetime income
- Withdraw gradually over a minimum of 10 years
Note: If a member passes away before retirement, their nominated beneficiaries will receive the total accumulated fund value, net of applicable taxes.
- Entry Age: Minimum 18 years; no maximum age (subject to employer’s retirement policy)
- Access to Funds:
- Upon retirement or leaving employment
- Minimum retirement age: 50
- Tier II contributions accessible only at retirement
- Disability or Ill Health: Members receive full accumulated fund value if retiring early due to disability or illness
- Flexible Payment Options:
- Single upfront contribution
- Regular contributions (monthly, quarterly, semi-annually, annually)
- No Minimum Contribution Required for group schemes.
- Tax Deductibility Limits:
- Up to KES 20,000/month or KES 240,000/year
Set Up Your Group Retirement Plan Now
Secure your team’s future with a retirement plan that grows with them. Whether you're a corporate, SME, or organized group, our Guaranteed Retirement Fund offers stability, flexibility, and peace of mind.