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Pension Withdrawal Calculator

Calculate pension withdrawal amounts, tax implications, and eligibility under Kenya's 2025 pension tax rules with support for multiple scheme types

Personal Information

CURRENT AGE
Your current age (18-100 years)
RETIREMENT AGE
Normal retirement age as per scheme rules (default: 60)
DATE JOINED
Date you joined the pension scheme (21 years membership)
REASON
Reason for pension withdrawal

Scheme Details

SCHEME TYPE
Pension based on contributions made

Financial Information

MEMBER
Your total contributions + accrued interest (KES)
EMPLOYER
Employer contributions + accrued interest (KES)
AVCs
Additional voluntary contributions (typically 100% accessible)

Withdrawal Calculation

TAX EXEMPT ✓

21 years of membership (20+ years)

Your withdrawal is tax-free under Finance Act 2025 rules

TOTAL ACCRUED
(member + employer + AVCs)
KES 3,500,000
IMMEDIATELY ACCESSIBLE
Early retirement: 100% member contributions + 50% employer contributions
KES 2,600,000
DEFERRED UNTIL AGE 60
(accessible at normal retirement age)
KES 900,000
NET WITHDRAWAL AMOUNT
KES 2,600,000

Important Notes

⚠️ Tax Rules Effective July 1, 2025

This calculator uses tax rules from the Finance Act 2025. For withdrawals before this date, different tax-free thresholds applied.

💼 Professional Advice

This calculator provides estimates based on current regulations. Always consult your scheme administrator and tax advisor for personalized guidance.

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REFERENCES

KRA - Tax Incentives in Retirement Benefit SchemesFinance Act 2025 - Grant Thornton AnalysisRBA - Saving for Retirement through Individual Pension PlanRBA - Tax Laws Amendment Act 2024 AnalysisPension Withdrawal Rules - Systech AfricaRBA - Proposed Early Withdrawal Restrictions
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