Introducing Retirement Benefits BY Normadsol

We collaborate with some of the leading pension fund management firms in Kenya backed by insurance benefits. Our pension products are designed to cater for both individual and corporate retirement benefits.

Our Retirement Benefit Schemes include:

• Individual Pension Plan

• Umbrella Retirement Plan

• Income Drawdown Fund

• Pension Annuity Fund

Individual Pension Fund

Don't let the sunset catch you off guard. Normadsol Financial Solutions gives you the opportunity to make hay while the sun shines through our individual pension fund, which is a retirement benefit scheme that allows you ( individual ) to make regular monthly contribution towards your retirement.

This is a long term investment during your working years to safeguard financially during your retirement period.

How You Can Access Your Fund

a) Pension Plan - One can access a third of the accumulated benefits while the remaining two - thirds

1. Paid as a regular income for life upon retirement

2. Can be withdrawn from the fund in a minimum of 10 years

   
   

​ b) Provident Fund - The accumulated fund will be paid in a single lump sum upon retirement The Funds Key Features

1. Flexible Contributions: Contributions can be made monthly, quarterly, semiannually and annually either fixed or a varying basis

2. We Personalised Retirement Account and keep track of your savings and interest earned.

3. Provide you with Personalised Savings Statement at the end of every financial year or any other time upon request.

4. An employer can contribute an equal or higher amount as an employment incentive.

   
   

​Being a sharp investor means investing wisely in sharp investment schemes. Talk to our Financial Advisors for more information

Umbrella Retirement Fund

The Umbrella Retirement fund is a fund that pools the retirement investments of multiple employers thereby reducing the average cost per member and enhancing the overall returns and benefits to both the employer and the employees.

This fund allows for employees to delegate the task of pension fund trusteeship to professionals at no additional costs. One can enjoy guaranteed investment income and 100 percent protection of retirement savings. ​

Benefits include:

• Installation and maintenance of member and beneficiary records, contribution and fund balance records.

• Processing of withdrawals, death or retirement benefits.

• A member education service.

• Filling of ongoing compliance records to RBA and KRA.

• Organizing members’ Annual General Meetings.

• Issuance of member funds and scheme statements to the employer.

• Custody and prudent investment of retirement savings including 100% guarantee of the accumulated value.

  
  

​Great employers care about their employers. Take an Umbrella Retirement Fund today and enjoy the best benefits.

Income Drawdown

Income Drawdown Plan is an investment product that allows you to re-invest your retirement savings. The plan enables you to access your retirement savings as an income and invests the balance. The plan runs for a minimum of 10 years during which you receive income from the fund. The fund is invested in a guaranteed fund where it is protected against reduction.  

What are the Key Benefits?

1 |. Allows reinvesting and growing your retirement fund

The funds are invested in a guaranteed fund where they continue to grow as you access an income.

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2 |. Ability to choose your income

Every year you can choose to access any amount up to a maximum of 15% of lump sum deposited as long as your fund will run for a minimum of 10 years.

3 |. Allows flexibility on frequency of income

You can choose not to access any income until a later date or you can vary the frequency of accessing the benefits every year to suit your income needs. ​

4 |. Enables you to purchase an annuity at a later date

After expiry of 10 years you can choose to purchase an annuity which will provide you with an income for life. ​

5 |. Allows you to leave an inheritance to your beneficiaries.

You can choose to leave part or your entire fund to your loved ones. ​

Earn as your income grows upon retirement. Consult our Financial Advisor today to get started.

Pension Annuity

Normadsol Pension Annuity is a retirement pension scheme that allows you to earn constant regular monthly income for life. It is an opportunity that allows a person to reinvest his retirement fund so as to continually earn regular income upon retirement. ​

Consult Our Financial Advisors for more information on how to Get Started