Zamara pushes for tax cuts to boost pension funds

Zamara Fanaka Retirement Fund chair Lucy Kambuni. FILE PHOTO | NMG

Zamara Fanaka Retirement Fund (ZFRF) has asked the government to provide tax incentives for funds held by pension firms to enhance the growth of the sector.  

Fund chair Lucy Kambuni said this would help the trustees diversify the asset base, which would, in the long run, improve the returns for retirees as a many Kenyans grapple with the high cost of living on retirement.

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