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Britam Life Assurance

Individual Retirement Plan

Personal pension · Regulated by the RBA

What is this?

You save for retirement in your own name, from KES 500 a month. Britam guarantees at least 5% a year and that the pot never shrinks. Contributions are tax-free within legal limits.

The details that matter for this kind of plan

The least it can earn5% a year, compounded, and the pot cannot shrink
TaxContributions deductible up to KES 20,000 a month or a third of income
At retirementA third as cash and the rest as income for life or over 10+ years — or all at once on the provident option
Backing a mortgageUp to 60% of your pot can secure a home loan
If you die before retiringThe whole pot goes to whoever you named
Regulator"Regulated by the Retirement Benefits Authority", printed on the brochure

What does it cost you?

Britam Life Assurance does not publish what it charges. We looked for 2 charges and found no figure for any of them:

  • · No management or administration charge appears on the page or in the brochure, beside the 5% floor.
  • · Neither the page nor the brochure says whether anything is taken off contributions before they are invested.

What if you stop paying?

Nothing happens. You can pause, or change the amount and how often you pay.

What if you need the money early?

You mostly cannot. Pension money is locked to retirement by law. Britam says access follows "the prevailing regulations" and names no age.

Who this suits

It could work for you if

You want retirement money that cannot be raided, with a 5% floor under it.

Think twice if

You may need this money before you retire. The law, not Britam, says no.

How openly does this company explain its charges?

DHides more than it shows8 of 16 answered
  • What do they charge you every year?
    No management or administration charge appears on the page or in the brochure, beside the 5% floor.
  • What is taken off the money you pay in?
    Neither the page nor the brochure says whether anything is taken off contributions before they are invested.
  • What does it cost to get out early?
    No exit penalty is printed in the sources we checked.
  • What is the smallest amount you can start with?
    KES 500.
  • How long is your money tied up?
    They do not say how long you are tied in.
  • Is the advertised return before or after their charges?
    They never say. So you cannot tell what you would actually keep.
  • Do they warn you the return is not guaranteed?
    No warning appears next to the figure, even though it is not a promise.
  • Do they tell you what you get back if you stop early?
    No. You cannot find out what quitting would cost you without asking an agent.
  • Do they list what is not covered?
    This is not insurance, so there is nothing to exclude.
  • Are all their charges published?
    No. 2 charges are mentioned without a figure.
  • Do they say who regulates them?
    Yes — the RBA. That is who you complain to.

This grades how openly things are explained, not whether the plan is good or bad. See how we work it out.

Things to know before you sign

  • · The 5% is a floor. Britam does not publish what it has actually credited.
  • · No charge of any kind appears on the page or in the brochure. Whether the rate arrives before or after costs is not stated.
  • · Minimum KES 500 a contribution; if you vary the amount, each payment must be at least KES 2,000. No upper limit.
  • · Tax relief on contributions up to KES 20,000 a month or a third of income, whichever is lower. Interest is tax-exempt.
  • · The brochure says "Regulated by the Retirement Benefits Authority"; the website footer says the Insurance Regulatory Authority. The scheme is on the RBA's register.

Talk to them

Compared with the others

There are 4 other plans of this kind on the board. See all 5 side by side — what each one leaves you with, and which of them will not say.

How current is this rate?

The 5% on this page is the rate Britam Life Assurance guaranteed, as at 2026-08-21 — current.

A floor, not the rate. Britam guarantees "a minimum compounded rate of 5% per annum" and that the pot "is guaranteed against any form of reduction". The page does not publish what it has actually credited, or whether the rate arrives before or after any cost..

Where we got this