This plan gives retirees control of their retirement funds and a choice of investment assets. After a drawdown period of 10 years, the client can decide to receive their remaining funds in lump sum, in annual payouts or to keep receiving a drawdown. 

What is required:

  • Duly filled application form
  • Copy of National ID
  • Copy of KRA PIN
  • Passport photo

Benefits:

  • Control off the specific assets where your funds are invested.
  • Inflation beating returns
  • Notification of fund balance at any given time.
  • Upon your beneficiaries can access the balance of the fund.
  • No gender disparity on payouts.

This plan allows employed or self-employed individuals to put money away in a fund towards their retirement, which is then reinvested in a guaranteed fund where it earns interest.

 

What is required:

  • Duly filled application form
  • Copy of National ID
  • Copy of KRA PIN
  • Passport photo

This fund is designed for small or start up pension schemes who want to create a pool of investments to maximize returns on investments while sharing management costs. It is best suited for companies that may experience difficulties in setting up and running their own pension schemes.

While following the RBA guidelines and the Investment Policy Statement, we carry out investments for pension schemes, provident funds and Trust funds with service providers already put in place.

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National Bank Diaspora Banking

Invest at home even as you prosper abroad with a partner invested in your growth and success.

Our services include: 

• Diaspora Current and Savings Accounts

• Diaspora Mortgage 

• Investment & Advisory Services 

• Money Transfer Services 

Click here to open your account today 

For any queries, email us at: diasporabanking@nationalbank.co.ke  

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