Start by getting a clear picture of your expected retirement income from all sources – pensions, NSSF, personal savings, and other investments. Compare this to your anticipated expenses to ensure you have a sustainable withdrawal strategy. Where possible, work with a financial advis...
SHIF, NSSF, and others), many employees’ take-home pay has fallen below the one-third threshold. As a result, sales across various sectors, particularly retail and fast-moving consumer goods (FMCG), have declined by an estimated 15 to 20 percent on average this year, as per...
individual retirement fund or the National Social Security Fund (NSSF) is allowable up to a maximum of Kshs. 20,000 per month (Kshs. 240,000 per annum). The deductible amount is however limited to the lesser of:
This is also the time to employ investment strategies, such as accumulating wealth in a tax-advantaged retirement account, in this territory there are several options based on your earnings model, from the basic NSSF that is now taking shape in the country to your employers’ p...
President Ruto’s social security plan, which includes increasing the monthly contributions to the NSSF, has moved closer to becoming a reality.