Prime

Pension manager seeks incentives to boost uptake

Alexander Forbes retirement fund board executive director James Olubayi, trustees chairperson Lucy Kambuni and head of umbrella division Angela Okinda. PHOTO | SALATON NJAU

The National Treasury should offer tax incentives to the pension industry to increase membership, which has stagnated at 15 per cent of the working population, a top pension manager has said.

The management of Alexander Forbes has proposed a review of the maximum tax-exempt contribution, which has been capped at Sh20,000 in the last 11 years.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME State, Dangote haggled over Sh0.46 in KPC deal

  2. PRIME Quickmart cuts Kenyans shares in IPO, global funds splash Sh7.1bn

  3. PRIME The payments innovator Kenya has lost in Equity Group’s director for payments and international banking

  4. PRIME Kenya intensifies push to exit global financial grey list

In the headlines

View All