Contributing to a Retirement Savings Account

Your employer is mandated by the Pension Reforms Act (PRA) to make contributions from your salary into your Retirement Savings Account (RSA) in the following proportions: Employee 8% and Employer 10%. These contributions are made to our bank account on your behalf and a schedule of contribution detailing beneficiaries of the contributions as well as their RSA details

Some of the benefits

Safety

Stanbic IBTC Pension Managers Limited is backed by strong and reputable financial institutions

Convenience

Ease of Account Access via Internet, telephone, e-mail and SMS, as well as ease of retirement pay-outs

Track Record

The Stanbic IBTC Group has been managing funds for companies and individuals for over 2 decades

Returns

Enjoy good and competitive returns on your pension investment

How to Contribute to your RSA

As an employee, simply forward your RSA PIN to your Human Resources Department and inform them of the PFA you have chosen. Your RSA PIN is a Prefix PEN with 12 digits i.e. (PENXXXXXXXXXXXX)
As an employer, simply credit your staff members retirement accounts by making payment into this account and advise their PINs using this contributions format. As an employer, you will be required to have an employer code before remittances can be made.

What Should I Know?

18% of your monthly emoluments is to be contributed toward your retirement.
8% of this amount is from your monthly wages and the difference of 10% is contributed by your employer
Only your employer can remit contributions on your behalf, individuals cannot remit by themselves.
All contributions are invested on your behalf so your funds would continue to yield returns
Increase your pension fund by making Voluntary Contributions

Do you need an employer code? Send an email to [email protected]

How to Contribute to your RSA
What Should I Know?

As an employee, simply forward your RSA PIN to your Human Resources Department and inform them of the PFA you have chosen. Your RSA PIN is a Prefix PEN with 12 digits i.e. (PENXXXXXXXXXXXX)
As an employer, simply credit your staff members retirement accounts by making payment into this account and advise their PINs using this contributions format. As an employer, you will be required to have an employer code before remittances can be made.

18% of your monthly emoluments is to be contributed toward your retirement.
8% of this amount is from your monthly wages and the difference of 10% is contributed by your employer
Only your employer can remit contributions on your behalf, individuals cannot remit by themselves.
All contributions are invested on your behalf so your funds would continue to yield returns
Increase your pension fund by making Voluntary Contributions

Do you need an employer code? Send an email to [email protected]

We also offer

RSA Registration

Retirement Savings Accounts are designed to ensure that funds are set aside and invested on your behalf until retirement. start saving now to secure a better future

Tell me more

Micro Pensions Account

Micro Pensions is specifically designed for the individuals in the informal sectors, so that they can also participate and benefit from the scheme towards a blissful retirement