Pan Africa Life Personal Pension Plan aims at providing retirement and death benefits for individual employees or self-employed people. It will enable individuals to build up funds by making periodic contributions into a high yielding retirement fund administered by Pan Africa Life Trust to provide for retirement and social security. The investment fund manager will be Sanlam Investment Managers Ltd.

Contribution levels are entirely flexible to assist those with fluctuating income. Further flexibility in the plan will be achieved by its design of membership continuity throughout various career changes before in the course of their working period. Additionally members can contribute to the fund from wherever location they are working the world over.

The Plan aims to cover all willing persons aged 18 years and above, self-employed or employed but do not belong to any occupation retirement benefits scheme. The plan also targets to capture small occupation schemes, whose members would desire to convert from occupational schemes in order to lessen financial pressure on their funds from annual administrative and statuary levies.

The minimum monthly contribution will be Kshs. 1,000. Maximum tax-exempt contribution is Kshs. 20,000 per month or Kshs. 240, 000 per year. Individuals will be made aware that despite the fact that they are allowed to contribute any amount at any given time any amount above Kshs. 20,000 per month or Kshs. 240,000 per year are not tax exempt.
The retirement age will be between the ages of 50 and 75 years.

The contributions vest immediately. However withdrawals before expiry of investment period of three years will attract penalties. Partial withdrawals are also allowed under the plan.

Up on retirement cash payment of 30% of the individual's fund will be paid as lump sum. The rest will be utilised to buy monthly pension. There are numerous options available within the annuity income products range for member to select.