A trust and a separate legal entity
The scheme is established as a trust and as a separate legal entity by the founding company, Enwealth Financial Services Limited.
Enwealth Personal Pension
The Enwealth Personal Pension Scheme is a retirement savings plan designed for self-employed individuals, chamas, SACCOs and SMEs looking to secure the financial well-being of their valued employees during their retirement years. In Kenya, the scheme has been approved to receive NSSF Tier II contributions.
- Contributions are flexible, with a minimum of KES 1,000
- No set up cost
- Tax relief on contributions up to KES 240,000 per annum (Kenya)
Governance
Governance of the Scheme
Registered and regulated in Kenya
It is registered and regulated by the Retirement Benefits Authority (RBA) and the Kenya Revenue Authority (KRA) for tax exemption benefits.
Assets held by a custodian
The scheme assets are held by the appointed custodian in a nominee account and separated from the assets of the Custodian and the founding company, enhancing the security of your retirement nest egg.
An independent Corporate Trustee
The scheme has an appointed Corporate Trustee who is independent from Enwealth Financial Services Ltd and watches over the operations of the scheme on behalf of the members.
Why save with Enwealth Personal Pension Scheme
No costs to join or leave
No set up cost, no charges on access or termination of membership with the Scheme, and consolidation of your retirement savings at no cost.
Tax relief
Tax relief on contributions, and on investment income from contributions, of up to KES 240,000 per annum.
Invested with care
Prudent investment of your savings in compliance with RBA investment guidelines, and the freedom to choose the investment arrangement of your choice.
Save from KES 1,000
Contributions are flexible, with a minimum of KES 1,000, remitted with ease through M-Pesa. Enjoy periodic updates on your savings and changes in regulations.
Advice and life cover
Obtain expert advice on your retirement planning, and enrolment for a Life cover as an additional benefit.
Frequently Asked Questions
Ask us something elseHow do I join?
Complete a one pager application form and attach a copy of your national identity card plus passport size photographs. You may email signed copies and identification documents to clientservice@enwealth.co.ke. A deed of adherence and membership certificate shall then be issued to you by the Enwealth Team.
How do I pay contributions?
You can pay your contributions by M-Pesa (Paybill number 771077, use your identity number as account number), cheque in favour of Enwealth Personal Pension Scheme, salary stop order or bankers standing order. You can pay monthly, quarterly, semi-annually or annually. Contribution remittances history can be viewed through the Enwealth online portal or the Enwealth Mobile Application.
How do I make contributions to my account?
Bank transfer to Stanbic Bank Ltd, Chiromo branch: Account Name CNSL A/C Enwealth Personal Pension Scheme, Account Number 0100001920728, Customer No. 1072976. Or Bank of Africa (K) Ltd, Head Office Branch: Account Name Enwealth Personal Pension Scheme, Account Number 00001590006, Swift Code AFRIKENX. Or M-Pesa: go to your Safaricom menu, Lipa na M-Pesa, enter Paybill number 771077, your National ID Number as the account number, and the amount, then press OK.
Where are the funds invested?
Scheme funds are invested in accordance with the requirements of the Retirement Benefits Act and the scheme investment policy statement, with the objective of achieving long term returns within acceptable risk levels.
What are the benefits of joining Enwealth Personal Pension Scheme?
Income tax relief on contributions up to KES 20,000 per month (Kenya). Exemption of payment of capital gains tax on investment returns. Part of your pension benefits may be paid as a tax-free cash lump sum. You can transfer in your benefits from other schemes at no cost. Excellent customer service from the Enwealth team. Last expense and Group Life benefits as value add.
How do I transfer benefits from my former employer to Enwealth Personal Pension Scheme?
You are required to officially write to your former employer's pension scheme Trustees authorising the transfer. Our team would be glad to email you a sample transfer letter. Kindly contact us on customerservice@enwealth.co.ke.
Get in touch
Talk to us
Tell us what you need and the right team will come back to you.
- +254 20 278 8000
- +254 788 617 443
- retail@enwealth.co.ke
- Enwealth Business Centre, Ngong Lane, Ngong Road, Nairobi, Kenya
Financial wellbeing, built to last
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