Sharp Daily
No Result
View All Result
Monday, August 4, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Pensions

Retirement planning for non-salaried workers with CPRBS

Faith Ndunda by Faith Ndunda
May 14, 2025
in Pensions
Reading Time: 2 mins read

In Kenya’s fast-paced and increasingly informal economy, many individuals earn a living through self-employment, gig work, or small businesses. From boda boda riders and market traders to freelancers and consultants, the number of people operating outside the formal employment sector is growing steadily. While this independence offers flexibility and control, it often comes with one major gap in retirement planning.

Unlike salaried employees who may be automatically enrolled in company pension schemes, non-salaried workers rarely have structured retirement savings. Many rely on daily income with little consideration for the future. However, without a clear plan, the risk of financial insecurity in old age is high. Life expectancy is increasing, and the cost of living, especially healthcare in retirement, continues to rise.

Starting early with a retirement plan ensures that individuals in the informal sector can live with dignity and independence even when they are no longer working. Saving consistently, even in small amounts, takes advantage of compounding growth over time. It also reduces the burden on family and society when one can no longer earn a steady income. Planning for retirement is not just about old age, it’s about securing peace of mind and financial stability.

This is where the Cytonn Personal Retirement Benefits Scheme (CPRBS) becomes an essential tool. CPRBS is tailor-made for individuals without access to employer-sponsored pension schemes. CPRBS is a flexible, accessible pension plan designed specifically for non-salaried individuals. It allows members to contribute as little as KES 1,000.0 per month and offers freedom to pay monthly, quarterly, or even annually. Contributions enjoy tax relief of up to KES 30,000.0 per month, helping members save more efficiently. CPRBS includes life cover, the option to build a post-retirement medical fund, and the unique ability to use up to 60.0% of savings as collateral for a mortgage, all while generating competitive returns, with a declared rate of 27.7% in 2024.

RELATEDPOSTS

Holistic retirement planning with CURBS and CPRBS

May 28, 2025
Economic recession and recovery concept and return on investment roi idea

How umbrella pension schemes work in Kenya

February 21, 2025

Retirement planning should not be reserved for the formally employed. With solutions like CPRBS, non-salaried workers now have the opportunity to secure their future, protect their families, and build wealth with structure and purpose.

Previous Post

How AGOA and EPZs can transform Kenya’s trade

Next Post

Nairobi real estate divide

Faith Ndunda

Faith Ndunda

Related Posts

1049795356
Analysis

Maximizing Your Pension Contributions

August 1, 2025
Pensions

Why young professionals should care about pensions

July 23, 2025
Analysis

Transferring Your Retirement Benefits Between Pension Schemes in Kenya

July 23, 2025
Money

The Importance of Asset Diversification on Kenyan Pension Funds

July 18, 2025
Money

Why Employers Should Prioritize Pensions Over One-Time Gratuity Payments

July 10, 2025
Pensions

The importance of Investment Policy Statements (IPS) for pension schemes in Kenya

July 4, 2025

LATEST STORIES

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
1049795356

Maximizing Your Pension Contributions

August 1, 2025

The functional role of narrative in financial markets

August 1, 2025

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 2025

Kenya’s Interest Rate Cut: A Turning Point for Growth

July 31, 2025

Why Syokimau, a satellite town is attracting real estate investors

July 31, 2025

Shri Krishana Overseas lists on NSE

July 25, 2025

Why young professionals should care about pensions

July 23, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024