Wazua
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Pension for self employed persons
Rank: Hello Joined: 1/17/2015 Posts: 3
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I would like advice on the best company to register for individual pension plan Best Regards
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Rank: Member Joined: 5/4/2015 Posts: 241 Location: Kahno
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maithyamk wrote:I would like advice on the best company to register for individual pension plan Jubilee @8.% interest.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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maithyamk wrote:I would like advice on the best company to register for individual pension plan With a very good and efficient self discipline you can create a great personal pension for yourself. A wise and committed investment plan will give you consistent returns for the rest of your life.These will then be passed on to your next of kin and so on. The idea here is strict and disciplined longterm investment. Here is the plan: 1.SHARES These will earn you annual returns of 4% in dividends.There will be other benefits like share appreciationin value,bonus share issue and scrip dividend.These depends on which company you have invested in. If you hold a diverse portfolio of some companies for the rest of your life,thats a guarantee return of 4% per year. 2.Treasury bond-9% annual returns You can choose a 25-30 year bond which might in most cases pay you more than i have indicated here. If you are now for example 36 years old,invest in the next 30 years and retire at 66,you will have enough to live for the rest of your life and to pass it on to your next generation. This is what the company you are asking for advice will do Towards the goal of financial freedom
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Ebenyo wrote:maithyamk wrote:I would like advice on the best company to register for individual pension plan With a very good and efficient self discipline you can create a great personal pension for yourself. A wise and committed investment plan will give you consistent returns for the rest of your life.These will then be passed on to your next of kin and so on. The idea here is strict and disciplined longterm investment. Here is the plan: 1.SHARES These will earn you annual returns of 4% in dividends.There will be other benefits like share appreciationin value,bonus share issue and scrip dividend.These depends on which company you have invested in. If you hold a diverse portfolio of some companies for the rest of your life,thats a guarantee return of 4% per year. 2.Treasury bond-9% annual returns You can choose a 25-30 year bond which might in most cases pay you more than i have indicated here. If you are now for example 36 years old,invest in the next 30 years and retire at 66,you will have enough to live for the rest of your life and to pass it on to your next generation. This is what the company you are asking for advice will do If he is planning to be making a monthly contribution of 10-20K per month, should he be buying the T-bonds after every 6 months? If Obiero did it, Who Am I?
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Swenani wrote:Ebenyo wrote:maithyamk wrote:I would like advice on the best company to register for individual pension plan With a very good and efficient self discipline you can create a great personal pension for yourself. A wise and committed investment plan will give you consistent returns for the rest of your life.These will then be passed on to your next of kin and so on. The idea here is strict and disciplined longterm investment. Here is the plan: 1.SHARES These will earn you annual returns of 4% in dividends.There will be other benefits like share appreciationin value,bonus share issue and scrip dividend.These depends on which company you have invested in. If you hold a diverse portfolio of some companies for the rest of your life,thats a guarantee return of 4% per year. 2.Treasury bond-9% annual returns You can choose a 25-30 year bond which might in most cases pay you more than i have indicated here. If you are now for example 36 years old,invest in the next 30 years and retire at 66,you will have enough to live for the rest of your life and to pass it on to your next generation. This is what the company you are asking for advice will do If he is planning to be making a monthly contribution of 10-20K per month, should he be buying the T-bonds after every 6 months? @Swenani,at 20k per month that will be 240k per year.He can divide them sum into two: 140 k goes into shares portfolio while 100k goes t bond holding.If he maintains the same discipline for for ten years that will be 2.4 m worth of investment with annual returns of about 250k. Towards the goal of financial freedom
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Ebenyo wrote:Swenani wrote:Ebenyo wrote:maithyamk wrote:I would like advice on the best company to register for individual pension plan With a very good and efficient self discipline you can create a great personal pension for yourself. A wise and committed investment plan will give you consistent returns for the rest of your life.These will then be passed on to your next of kin and so on. The idea here is strict and disciplined longterm investment. Here is the plan: 1.SHARES These will earn you annual returns of 4% in dividends.There will be other benefits like share appreciationin value,bonus share issue and scrip dividend.These depends on which company you have invested in. If you hold a diverse portfolio of some companies for the rest of your life,thats a guarantee return of 4% per year. 2.Treasury bond-9% annual returns You can choose a 25-30 year bond which might in most cases pay you more than i have indicated here. If you are now for example 36 years old,invest in the next 30 years and retire at 66,you will have enough to live for the rest of your life and to pass it on to your next generation. This is what the company you are asking for advice will do If he is planning to be making a monthly contribution of 10-20K per month, should he be buying the T-bonds after every 6 months? @Swenani,at 20k per month that will be 240k per year.He can divide them sum into two: 140 k goes into shares portfolio while 100k goes t bond holding.If he maintains the same discipline for for ten years that will be 2.4 m worth of investment with annual returns of about 250k. Smart thought
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Rank: New-farer Joined: 2/19/2016 Posts: 31 Location: Kenya
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Ebenyo wrote:Swenani wrote:Ebenyo wrote:maithyamk wrote:I would like advice on the best company to register for individual pension plan With a very good and efficient self discipline you can create a great personal pension for yourself. A wise and committed investment plan will give you consistent returns for the rest of your life.These will then be passed on to your next of kin and so on. The idea here is strict and disciplined longterm investment. Here is the plan: 1.SHARES These will earn you annual returns of 4% in dividends.There will be other benefits like share appreciationin value,bonus share issue and scrip dividend.These depends on which company you have invested in. If you hold a diverse portfolio of some companies for the rest of your life,thats a guarantee return of 4% per year. 2.Treasury bond-9% annual returns You can choose a 25-30 year bond which might in most cases pay you more than i have indicated here. If you are now for example 36 years old,invest in the next 30 years and retire at 66,you will have enough to live for the rest of your life and to pass it on to your next generation. This is what the company you are asking for advice will do If he is planning to be making a monthly contribution of 10-20K per month, should he be buying the T-bonds after every 6 months? @Swenani,at 20k per month that will be 240k per year.He can divide them sum into two: 140 k goes into shares portfolio while 100k goes t bond holding.If he maintains the same discipline for for ten years that will be 2.4 m worth of investment with annual returns of about 250k. @Ebenyo your plan sounds so easy! The discipline bit is the hard part. Those 10 years sound like an eternity! Embracing delayed gratification is not easy. But for sure the rewards are worth the sacrifice. Just a quick one on the same.. do you think it is important to have a mentor in such a journey? and if you may, highlight what roles one should expect this mentor to play in order to achieve this 'financial freedom' The Best is Yet to Come
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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koscielny wrote:Ebenyo wrote:Swenani wrote:Ebenyo wrote:maithyamk wrote:I would like advice on the best company to register for individual pension plan With a very good and efficient self discipline you can create a great personal pension for yourself. A wise and committed investment plan will give you consistent returns for the rest of your life.These will then be passed on to your next of kin and so on. The idea here is strict and disciplined longterm investment. Here is the plan: 1.SHARES These will earn you annual returns of 4% in dividends.There will be other benefits like share appreciationin value,bonus share issue and scrip dividend.These depends on which company you have invested in. If you hold a diverse portfolio of some companies for the rest of your life,thats a guarantee return of 4% per year. 2.Treasury bond-9% annual returns You can choose a 25-30 year bond which might in most cases pay you more than i have indicated here. If you are now for example 36 years old,invest in the next 30 years and retire at 66,you will have enough to live for the rest of your life and to pass it on to your next generation. This is what the company you are asking for advice will do If he is planning to be making a monthly contribution of 10-20K per month, should he be buying the T-bonds after every 6 months? @Swenani,at 20k per month that will be 240k per year.He can divide them sum into two: 140 k goes into shares portfolio while 100k goes t bond holding.If he maintains the same discipline for for ten years that will be 2.4 m worth of investment with annual returns of about 250k. @Ebenyo your plan sounds so easy! The discipline bit is the hard part. Those 10 years sound like an eternity! Embracing delayed gratification is not easy. But for sure the rewards are worth the sacrifice. Just a quick one on the same.. do you think it is important to have a mentor in such a journey? and if you may, highlight what roles one should expect this mentor to play in order to achieve this 'financial freedom' @koscielny,i agree with you.Self discipline is hard but not impossible.With a strong resolve and determination,you will make it.Actually our own lack of self discipline is what is creating jobs for bankers,insurance firms and financial consultants.We are making companies and individuals rich by our lack of self discipline.For example if you make withdrawals three times daily from ATM at a cost of ksh 40 per withdrawal,thats ksh 120 per day.In a month thats ksh 3600 and in one year thats 42 k.In ten years those are ksh 420000!.Yet you keep on complaining daily to your friends that you are broke! Its true you need a mentor.But apart from your mother and father,who else will really want the best from you?.Everybody else is a businessman who will be happy to have an opportunity to gain from you.They will come in form of financial consnsultants,experts and advisers,stock brokers,insurance agents and companies,personal bankers and dealers. Nobody will help you attain self discipline apart from yourself. Towards the goal of financial freedom
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Ebenyo wrote:koscielny wrote:Ebenyo wrote:Swenani wrote:Ebenyo wrote:maithyamk wrote:I would like advice on the best company to register for individual pension plan With a very good and efficient self discipline you can create a great personal pension for yourself. A wise and committed investment plan will give you consistent returns for the rest of your life.These will then be passed on to your next of kin and so on. The idea here is strict and disciplined longterm investment. Here is the plan: 1.SHARES These will earn you annual returns of 4% in dividends.There will be other benefits like share appreciationin value,bonus share issue and scrip dividend.These depends on which company you have invested in. If you hold a diverse portfolio of some companies for the rest of your life,thats a guarantee return of 4% per year. 2.Treasury bond-9% annual returns You can choose a 25-30 year bond which might in most cases pay you more than i have indicated here. If you are now for example 36 years old,invest in the next 30 years and retire at 66,you will have enough to live for the rest of your life and to pass it on to your next generation. This is what the company you are asking for advice will do If he is planning to be making a monthly contribution of 10-20K per month, should he be buying the T-bonds after every 6 months? @Swenani,at 20k per month that will be 240k per year.He can divide them sum into two: 140 k goes into shares portfolio while 100k goes t bond holding.If he maintains the same discipline for for ten years that will be 2.4 m worth of investment with annual returns of about 250k. @Ebenyo your plan sounds so easy! The discipline bit is the hard part. Those 10 years sound like an eternity! Embracing delayed gratification is not easy. But for sure the rewards are worth the sacrifice. Just a quick one on the same.. do you think it is important to have a mentor in such a journey? and if you may, highlight what roles one should expect this mentor to play in order to achieve this 'financial freedom' @koscielny,i agree with you.Self discipline is hard but not impossible.With a strong resolve and determination,you will make it.Actually our own lack of self discipline is what is creating jobs for bankers,insurance firms and financial consultants.We are making companies and individuals rich by our lack of self discipline.For example if you make withdrawals three times daily from ATM at a cost of ksh 40 per withdrawal,thats ksh 120 per day.In a month thats ksh 3600 and in one year thats 42 k.In ten years those are ksh 420000!.Yet you keep on complaining daily to your friends that you are broke! Its true you need a mentor. But apart from your mother and father,who else will really want the best from you?.Everybody else is a businessman who will be happy to have an opportunity to gain from you.They will come in form of financial consnsultants,experts and advisers,stock brokers,insurance agents and companies,personal bankers and dealers. Nobody will help you attain self discipline apart from yourself.  If Obiero did it, Who Am I?
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Rank: New-farer Joined: 2/19/2016 Posts: 31 Location: Kenya
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Ebenyo wrote:koscielny wrote:Ebenyo wrote:Swenani wrote:Ebenyo wrote:maithyamk wrote:I would like advice on the best company to register for individual pension plan With a very good and efficient self discipline you can create a great personal pension for yourself. A wise and committed investment plan will give you consistent returns for the rest of your life.These will then be passed on to your next of kin and so on. The idea here is strict and disciplined longterm investment. Here is the plan: 1.SHARES These will earn you annual returns of 4% in dividends.There will be other benefits like share appreciationin value,bonus share issue and scrip dividend.These depends on which company you have invested in. If you hold a diverse portfolio of some companies for the rest of your life,thats a guarantee return of 4% per year. 2.Treasury bond-9% annual returns You can choose a 25-30 year bond which might in most cases pay you more than i have indicated here. If you are now for example 36 years old,invest in the next 30 years and retire at 66,you will have enough to live for the rest of your life and to pass it on to your next generation. This is what the company you are asking for advice will do If he is planning to be making a monthly contribution of 10-20K per month, should he be buying the T-bonds after every 6 months? @Swenani,at 20k per month that will be 240k per year.He can divide them sum into two: 140 k goes into shares portfolio while 100k goes t bond holding.If he maintains the same discipline for for ten years that will be 2.4 m worth of investment with annual returns of about 250k. @Ebenyo your plan sounds so easy! The discipline bit is the hard part. Those 10 years sound like an eternity! Embracing delayed gratification is not easy. But for sure the rewards are worth the sacrifice. Just a quick one on the same.. do you think it is important to have a mentor in such a journey? and if you may, highlight what roles one should expect this mentor to play in order to achieve this 'financial freedom' @koscielny,i agree with you.Self discipline is hard but not impossible.With a strong resolve and determination,you will make it.Actually our own lack of self discipline is what is creating jobs for bankers,insurance firms and financial consultants.We are making companies and individuals rich by our lack of self discipline.For example if you make withdrawals three times daily from ATM at a cost of ksh 40 per withdrawal,thats ksh 120 per day.In a month thats ksh 3600 and in one year thats 42 k.In ten years those are ksh 420000!.Yet you keep on complaining daily to your friends that you are broke! Its true you need a mentor.But apart from your mother and father,who else will really want the best from you?.Everybody else is a businessman who will be happy to have an opportunity to gain from you.They will come in form of financial consnsultants,experts and advisers,stock brokers,insurance agents and companies,personal bankers and dealers. Nobody will help you attain self discipline apart from yourself. come to think of it, it is unfortunate but true that nobody really has your best interests at heart apart from your parents and God. I like the emphasis you put on basing your thoughts on the long term. All these other things for the sake of instant gratification are just but moving targets. The Best is Yet to Come
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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koscielny wrote:Ebenyo wrote:koscielny wrote:Ebenyo wrote:Swenani wrote:Ebenyo wrote:maithyamk wrote:I would like advice on the best company to register for individual pension plan With a very good and efficient self discipline you can create a great personal pension for yourself. A wise and committed investment plan will give you consistent returns for the rest of your life.These will then be passed on to your next of kin and so on. The idea here is strict and disciplined longterm investment. Here is the plan: 1.SHARES These will earn you annual returns of 4% in dividends.There will be other benefits like share appreciationin value,bonus share issue and scrip dividend.These depends on which company you have invested in. If you hold a diverse portfolio of some companies for the rest of your life,thats a guarantee return of 4% per year. 2.Treasury bond-9% annual returns You can choose a 25-30 year bond which might in most cases pay you more than i have indicated here. If you are now for example 36 years old,invest in the next 30 years and retire at 66,you will have enough to live for the rest of your life and to pass it on to your next generation. This is what the company you are asking for advice will do If he is planning to be making a monthly contribution of 10-20K per month, should he be buying the T-bonds after every 6 months? @Swenani,at 20k per month that will be 240k per year.He can divide them sum into two: 140 k goes into shares portfolio while 100k goes t bond holding.If he maintains the same discipline for for ten years that will be 2.4 m worth of investment with annual returns of about 250k. @Ebenyo your plan sounds so easy! The discipline bit is the hard part. Those 10 years sound like an eternity! Embracing delayed gratification is not easy. But for sure the rewards are worth the sacrifice. Just a quick one on the same.. do you think it is important to have a mentor in such a journey? and if you may, highlight what roles one should expect this mentor to play in order to achieve this 'financial freedom' @koscielny,i agree with you.Self discipline is hard but not impossible.With a strong resolve and determination,you will make it.Actually our own lack of self discipline is what is creating jobs for bankers,insurance firms and financial consultants.We are making companies and individuals rich by our lack of self discipline.For example if you make withdrawals three times daily from ATM at a cost of ksh 40 per withdrawal,thats ksh 120 per day.In a month thats ksh 3600 and in one year thats 42 k.In ten years those are ksh 420000!.Yet you keep on complaining daily to your friends that you are broke! Its true you need a mentor.But apart from your mother and father,who else will really want the best from you?.Everybody else is a businessman who will be happy to have an opportunity to gain from you.They will come in form of financial consnsultants,experts and advisers,stock brokers,insurance agents and companies,personal bankers and dealers. Nobody will help you attain self discipline apart from yourself. come to think of it, it is unfortunate but true that nobody really has your best interests at heart apart from your parents and God. I like the emphasis you put on basing your thoughts on the long term. All these other things for the sake of instant gratification are just but moving targets. BUT what i have shared with you are just my personal thoughts and opinions.Make your own decision based on what you feel is best for you.If you choose a company,good.If you choose self discipline,fine.Or if you get another way fine. Towards the goal of financial freedom
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Rank: Hello Joined: 1/17/2015 Posts: 3
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 Ebenyo wrote:koscielny wrote:Ebenyo wrote:koscielny wrote:Ebenyo wrote:Swenani wrote:Ebenyo wrote:maithyamk wrote:I would like advice on the best company to register for individual pension plan With a very good and efficient self discipline you can create a great personal pension for yourself. A wise and committed investment plan will give you consistent returns for the rest of your life.These will then be passed on to your next of kin and so on. The idea here is strict and disciplined longterm investment. Here is the plan: 1.SHARES These will earn you annual returns of 4% in dividends.There will be other benefits like share appreciationin value,bonus share issue and scrip dividend.These depends on which company you have invested in. If you hold a diverse portfolio of some companies for the rest of your life,thats a guarantee return of 4% per year. 2.Treasury bond-9% annual returns You can choose a 25-30 year bond which might in most cases pay you more than i have indicated here. If you are now for example 36 years old,invest in the next 30 years and retire at 66,you will have enough to live for the rest of your life and to pass it on to your next generation. This is what the company you are asking for advice will do If he is planning to be making a monthly contribution of 10-20K per month, should he be buying the T-bonds after every 6 months? @Swenani,at 20k per month that will be 240k per year.He can divide them sum into two: 140 k goes into shares portfolio while 100k goes t bond holding.If he maintains the same discipline for for ten years that will be 2.4 m worth of investment with annual returns of about 250k. @Ebenyo your plan sounds so easy! The discipline bit is the hard part. Those 10 years sound like an eternity! Embracing delayed gratification is not easy. But for sure the rewards are worth the sacrifice. Just a quick one on the same.. do you think it is important to have a mentor in such a journey? and if you may, highlight what roles one should expect this mentor to play in order to achieve this 'financial freedom' @koscielny,i agree with you.Self discipline is hard but not impossible.With a strong resolve and determination,you will make it.Actually our own lack of self discipline is what is creating jobs for bankers,insurance firms and financial consultants.We are making companies and individuals rich by our lack of self discipline.For example if you make withdrawals three times daily from ATM at a cost of ksh 40 per withdrawal,thats ksh 120 per day.In a month thats ksh 3600 and in one year thats 42 k.In ten years those are ksh 420000!.Yet you keep on complaining daily to your friends that you are broke! Its true you need a mentor.But apart from your mother and father,who else will really want the best from you?.Everybody else is a businessman who will be happy to have an opportunity to gain from you.They will come in form of financial consnsultants,experts and advisers,stock brokers,insurance agents and companies,personal bankers and dealers. Nobody will help you attain self discipline apart from yourself. come to think of it, it is unfortunate but true that nobody really has your best interests at heart apart from your parents and God. I like the emphasis you put on basing your thoughts on the long term. All these other things for the sake of instant gratification are just but moving targets. BUT what i have shared with you are just my personal thoughts and opinions.Make your own decision based on what you feel is best for you.If you choose a company,good.If you choose self discipline,fine.Or if you get another way fine. Quite Educative, TEAM, I appreciate your work. Best Regards Best Regards
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Rank: Veteran Joined: 11/13/2015 Posts: 1,596
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There is one other issue not mentioned here that paying into the individual pension plan also saves you on taxes. Instead of the 240,000 going to KRA why not just reduce your tax bill by this amount. See if my income was 640,000 and I did pension contribution of 240,000 then my taxable income 400,000/=.
Trust me don't learn the hard way pension plan is a good idea.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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wukan wrote:There is one other issue not mentioned here that paying into the individual pension plan also saves you on taxes. Instead of the 240,000 going to KRA why not just reduce your tax bill by this amount. See if my income was 640,000 and I did pension contribution of 240,000 then my taxable income 400,000/=.
Trust me don't learn the hard way pension plan is a good idea. There are two things you cannot avoid in this life,Death and taxes.The rule of thumb is that change what you can and accept what you cant change. Towards the goal of financial freedom
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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Ebenyo wrote:wukan wrote:There is one other issue not mentioned here that paying into the individual pension plan also saves you on taxes. Instead of the 240,000 going to KRA why not just reduce your tax bill by this amount. See if my income was 640,000 and I did pension contribution of 240,000 then my taxable income 400,000/=.
Trust me don't learn the hard way pension plan is a good idea. There are two things you cannot avoid in this life,Death and taxes.The rule of thumb is that change what you can and accept what you cant change. I though Rotich said pension is not taxable upto 20,000/- anything more than 20k is taxed, I might be wrong. To Each His Own
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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I think this is in the right direction, taxation is a deterent to the pension funds accumulating much more funds from where the Government can borrow whatever monies they want. http://www.businessdaily.../-/ovud86z/-/index.html
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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wukan wrote:There is one other issue not mentioned here that paying into the individual pension plan also saves you on taxes. Instead of the 240,000 going to KRA why not just reduce your tax bill by this amount. See if my income was 640,000 and I did pension contribution of 240,000 then my taxable income 400,000/=.
Trust me don't learn the hard way pension plan is a good idea. That's very true, is the best investement If you were to invest 20K each month and follow the tow options, after one year, this would be your worth 1. pension plan.Interest rate(conservative rate) 5%*240000=12,000. Total investment=240+12=252K 2. Ebenyo's plan i) cash available after taxation=240,000*0.7=168,000. Assuming an impossible return of 15%, your worth after one year would be=168,000*1.15=193,200 If Obiero did it, Who Am I?
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