Secure your future with flexible retirement planning solutions for a comfortable and dignified retirement
At Clear Plan Insurance, we believe that retirement should be a time of relaxation, fulfillment, and financial security—not stress and worry. Our comprehensive retirement planning solutions are designed to help you build a substantial nest egg that ensures you maintain your lifestyle and independence throughout your golden years.
Whether you're just starting your career or nearing retirement age, it's never too early or too late to plan. Our flexible retirement plans combine disciplined savings with attractive returns, tax benefits, and life insurance protection to give you the financial freedom you deserve in retirement.
Secure a steady income stream during retirement through systematic savings and guaranteed returns that provide financial stability when you stop working.
Maximize your retirement savings with tax-deductible contributions and tax-free growth, allowing your money to compound faster over time.
Grow your retirement fund through diversified investment portfolios managed by professional fund managers with proven track records.
Contribute at your own pace with flexible payment options that adapt to your income and financial circumstances throughout your career.
Built-in life cover ensuring your beneficiaries receive financial protection if you pass away before retirement age.
Access your funds when needed for specific life events such as medical emergencies, home purchase, or education expenses.
The earlier you start, the better. Thanks to compound interest, starting in your 20s or 30s allows your money to grow significantly over time. However, it's never too late to start. Even beginning in your 40s or 50s with larger contributions can build a substantial retirement fund. We offer plans suitable for all age groups.
A general rule is to save 15-20% of your gross income for retirement. However, this varies based on your lifestyle expectations, current age, retirement age goals, and existing savings. Our financial advisors can help calculate your specific retirement needs and create a personalized savings plan to achieve your goals.
In Kenya, retirement contributions are tax-deductible up to KES 20,000 per month or 30% of your pensionable income, whichever is lower. This reduces your taxable income and saves you money on taxes. Additionally, investment returns grow tax-free within the plan, maximizing your retirement savings growth.
Generally, retirement funds are locked until retirement age (typically 55-60 years) to preserve your retirement income. However, provisions exist for early access in specific circumstances: medical emergencies, purchasing your first home, permanent emigration, or terminal illness. Partial withdrawals may be allowed after certain contribution periods.
Your retirement savings remain yours regardless of job changes. You have several options: transfer your funds to your new employer's scheme, keep the funds with your current provider and continue contributing individually, or consolidate multiple retirement accounts into one. We help facilitate smooth transitions to protect your retirement savings.
Start planning for a comfortable retirement today. Get a personalized retirement plan that fits your goals and lifestyle.