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Trustees must lead the way as retirement benefits shift
Many will now find that resigning early comes with a heavier tax burden than they expected. Without proper guidance, this can lead to confusion, resentment, or rushed financial choices. Trustees and administrators cannot afford to stand back. This is a moment to lead.
Three months into the implementation of Kenya’s Finance Act 2025, the landscape of retirement benefits has undergone a significant shift.
The Act repealed long-standing age-based tax exemptions, replacing them with clearer and more favourable conditions. Now, tax exemptions apply only if a member has reached the scheme’s retirement age, completed at least 20 years of membership, or is retiring due to ill health.
