Easy, Convenient & Flexible Way to Save
Scheme Design
KNEST pension scheme offers an easy, convenient and flexible way to save for member’s retirement when they are no longer able to continue with their hustle (Wakati miaka zinaanza kugongana).
KNEST gives you freedom to choose how much to save and when to save it using our pensions calculator
When should I start saving with KNEST?
Any Kenya Citizen or Person ordinarily Resident in Kenya who has attained the age of 18 years.
When can I access my benefits?
If you are below 45 years, you can access your benefits any time upon attaining 50 years of age and those joining the scheme when they are over 45 years of age can access benefits after having saved for a minimum of 5 years.
Member’s contributions are automatically split at a ratio of 70:30.
Every time a member contributes, 70% is saved in the long -term savings (pension) account and 30% of the contribution is saved in the short-term savings account. The short-term savings component is designed to cater for any short-term pressing financial needs (emergencies) of the members that may require immediate cash withdrawal.
The funds are prudently invested in Government bonds and treasury bills to ensure a guaranteed return and preservation of your capital.
