Retire on Your Own Terms — Not on Anyone Else's Schedule
The ICEA Lion Personal Retirement Scheme — a simple, tax-smart way to build the retirement you deserve.
The more you save today, the more freedom you have tomorrow. Grow for 20-30 years. Retire with dignity.
Calculate My Retirement Fund →What is the Personal Retirement Scheme?
It is your own personal pension — not tied to any employer, not dependent on your job title, and not complicated.
You save regularly. ICEA Lion invests it professionally. It grows — with a guaranteed minimum return of 4% per year, earned daily. When you're ready to retire, you choose how to receive it.
You Contribute
Set aside whatever you can — save what works for your life. Monthly, quarterly, or annually. You decide.
It Grows Daily
ICEA Lion invests your fund professionally. Minimum 4% p.a., earned every single day. Tax-free growth.
You Retire Comfortably
From age 50, access your fund your way — lump sum, monthly income, or both.
📌 Worth knowing: The 4% per year is the guaranteed minimum. ICEA Lion has historically paid higher returns — but we only show you the guaranteed number so you can plan with confidence, not guesswork.
The Government Helps You Save for Retirement
This is one of the most generous tax benefits in Kenya — and most people don't know about it.
Every shilling you contribute to a registered pension scheme reduces your taxable income — up to KES 30,000 per month.
This means your PAYE tax bill goes down every month just because you're saving for yourself.
Tax saving is approximate and depends on your personal tax band. Speak with Harrington for a calculation based on your exact situation.
Everything This Plan Does for You
Your Money Is Always Yours
It does not matter if you change jobs, take a career break, or switch industries. Every shilling you contribute belongs to you — always. It moves with you through life, not with your employer.
Save What Works For Your Life
The right amount is whatever genuinely moves you toward your goal, not the smallest number allowed. If you earn money, you can start building your retirement. The earlier you start, the more time your money has to grow.
Tax Relief Up to KES 30,000/Month
Contributing to the PRS reduces your taxable income — by up to KES 30,000 every month. That is up to KES 360,000 less tax per year. The government rewards you for saving.
Use It Toward Your Home
Need support getting a mortgage? You can use up to 60% of your pension fund as additional collateral for a home loan. Your retirement savings can help you own a home today — not just support you in the future.
Bring All Your Pensions Together
Have a pension from a previous employer sitting somewhere? You can transfer it into the ICEA Lion PRS completely tax-free. One place. One account. Full visibility.
Retire When You Choose — Age 50 to 75
Kenyan law allows you to access your pension from age 50. You do not have to wait until 60. If you retire early or need to access your fund, you have that flexibility. Within the legal age range, the payout is tax-free.
When You Retire — You Choose How to Receive Your Fund
There is no single right answer. Harrington will help you pick the best option for your life.
Full Lump Sum
Provident Fund Option
Receive your entire retirement fund as one tax-free payment. Full control. You decide what to do with it — invest it, buy property, support your family.
Best for: those with a clear plan for the money
Monthly Income for Life
Annuity Option
Convert your fund into a guaranteed monthly payment for the rest of your life. You never outlive your money. Peace of mind — every month, automatically.
Best for: those who want steady, predictable income
Cash + Monthly Income
Combined Option
Take up to one-third of your fund as a tax-free lump sum, and convert the rest into a monthly income. You get immediate access to cash AND a reliable income going forward.
Best for: most people — flexibility and security combined
See What Your Retirement Fund Could Look Like
Personalized to you. Based on real guaranteed numbers.
How old are you today?
Wonderful — you have 30 years. Time is your biggest advantage here.
Why Not Just Save in the Bank?
A fair question — here is an honest answer.
| Feature | ICEA Lion PRS | Bank Savings |
|---|---|---|
| Tax relief on contributions | ✅ Up to KES 30,000/month | ❌ None |
| Growth tax-free | ✅ Yes | ❌ Interest taxed |
| Tax-free payout at retirement | ✅ Yes (within limits) | ❌ No |
| Guaranteed minimum return | ✅ 4% p.a. daily | ⚠️ 2-3% varies |
| Professional fund management | ✅ Yes | ❌ No |
| Use as mortgage collateral | ✅ Up to 60% | ❌ No |
| Disciplined saving | ✅ Structured | ❌ Easy to withdraw |
| Beneficiary nomination | ✅ Direct payment | ⚠️ May require probate |
The bank is better for money you might need soon. The PRS is better for money you are growing for retirement. They serve different purposes — both have a place.
A Simple Example
Peter is a 35-year-old accountant in Nairobi.
He starts contributing KES 5,000/month to the ICEA Lion PRS today.
Over the next 25 years, at the guaranteed 4% p.a.:
His fund grows to at least KES 2.5 million by age 60.
His approximate monthly tax saving: KES 1,250.
Over 25 years — that is KES 375,000 back from KRA just for saving for himself.
At retirement, Peter takes one-third as a lump sum — KES 833,000 — and converts the rest into a monthly income of approximately KES 11,000/month for 20 years.
He did not get lucky. He did not invest in anything risky. He simply started, stayed consistent, and let compound interest do the work.
Questions People Usually Ask
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Book Free Consultation
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Ready to Start Building Your Retirement?
Setting up the ICEA Lion PRS takes about 20 minutes — most of that is just a conversation about what you want your retirement to look like.
No complicated forms. No medical exams. No obligation to decide anything on the spot.
Just a clear, honest plan — and the option to start if it feels right.
Regulated by IRA Kenya | Powered by ICEA Lion | RBA Registered Scheme