Workers can now access pensions to buy house

yatani

National Treasury Cabinet Secretary Ukur Yatani. FILE PHOTO | NMG

Workers can now access up to Sh7 million or a maximum of 40 percent of their retirement savings to buy their first residential house after Treasury Secretary Ukur Yatani signed the amended regulations.

Pension schemes have until September 14, 2021 to amend their rules to allow their members early to access their savings for house purchase.

PAYE Tax Calculator

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