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Reform pension laws to boost growth, UPTAKE

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3 years ago

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In Summary

  • Government needs to review pension preservation rule under RBA regulations, which allows partial withdrawal of employer and employee accumulated benefits, currently at 50%
  • Doubling or tripling the tax-exempt contribution limit will go a long way in accelerating growth in the sector.

10 May 2022 – 04:00

Whilst the Kenyan pension sector is the biggest in the region, we are yet to exploit its full potential as the penetration rate remains just about 20 per cent of the working class in both formal and …

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