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Pension Transfer Calculator

Calculate costs to transfer pension between schemes in Kenya

Transfer Details

1 year40 years

Transfer Summary

Transfer AmountKsh 500,000
Transfer Fee (Umbrella Scheme)Ksh 500
RBA Certificate FeeKsh 1,000
Total FeesKsh 1,500

Projected Growth

Assuming 10% annual return over 20 years:

Projected Value at RetirementKsh 3,363,750

* This is an estimate. Actual returns depend on fund performance.

Transfer Process

1

Get RBA Certificate

Obtain certificate of good standing from current scheme

2

Apply to New Scheme

Submit application with transfer request form

3

Vetting Process

RBA reviews and approves the transfer (30-60 days)

4

Funds Transfer

Assets transferred to new scheme administrator

Important Considerations

  • • Transfer processing typically takes 30-90 days
  • • Early withdrawal before 50 years attracts 30% tax
  • • Some schemes have lock-in periods before transfer is allowed
  • • Consult a licensed pension advisor before transferring