BENEFIT OPTIONS
Kuscco Mutual Individual Retirement Benefits Scheme is registered with both Retirement Benefits Authority (R.B.A) and Kenya Revenue Authority (K.R.A) by Kuscco Mutual Assurance Limited.
This plan helps you to plan for your life post retirement – be it starting a new venture, pursuing a hobby, travelling across the world or just enjoying time with family and friends. This plan helps you meet either planned or unplanned financial needs by providing flexible retirement options. It is affordable, transparent and easy to understand and also members will enjoy tax relief both at contribution and at withdrawal
WHO SHOULD JOIN?
UNIQUE FEATURES OF INDIVIDUAL PLAN
- Secure Online Portal access for all members
- Professionally managed
- Transparent reporting and prudent investment
- Enjoy flexibility in contributions
- Your contributions and interest earned is guaranteed
- Flexible benefit payout; pension, provident or income drawdown
- Facilitation of transfer of benefits between employers at no charge
- Members enjoy hands on experience and benefits from economies of scale in
terms of expenses and investments - Members can start contributing immediately
- Transfer from another scheme attracts no taxes
HOW TO REGISTER AS A MEMBER
HOW TO REGISTER AS A GROUP
TRANSFERRING INTO THE SCHEME
Member benefits are transferrable without being taxed. Kuscco Mutual
Assurance Limited will facilitate the transfer of benefits on your behalf
Advantages of transferring benefits
- You get a personalized contract and service
- You can pool funds together from other schemes for easy tracking
- Detach yourself from your former employer’s scheme
- Your pension fund will earn competitive interest rates annually
- Enjoy flexibility in contributions
- Your contributions and interest earned are guaranteed
- You will be issued with a statement upon request
- Secure Online Portal access
HOW TO MAKE CONTRIBUTIONS
- Single up-front contribution.
- Regular contributions
(monthly, quarterly, half yearly or annually) - Ad hoc contributions
- Transfer from another registered scheme.
NOTE
The minimum regular contributions is Ksh. 1,000 per month or Ksh. 12,000 per
annum. Tax deductible up to a maximum of Kshs. 20,000 per month and Kshs. 240,000 per annum.
HOW TO MAKE PAYMENTS
- M-PESA
PAY BILL NUMBER:
4060607
ACCOUNT NUMBER: “NAME – ID NO. -
SCHEME BANK ACCOUNT
THE CO-OPERATIVE BANK OF KENYA
ACCOUNT NUMBER: 01143164069600
REFERENCE: “FULL NAME – ID NO.”