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Transfer Your NSSF Tier 2 To Private Pension With Dawit Insurance

Secure your financial future by transferring your NSSF to a Private Fund with Dawit Today.

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Why transfer your NSSF deductions to A Private Pension Fund?

Moving your Tier 2 NSSF contributions to a private pension increases the value of your social security returns. Here’s why:

  1. Higher Potential Returns: Get a wider range of investment options compared to NSSF, potentially leading to higher returns. Your retirement cash value grows faster, giving you the freedom you deserve in your golden years.
  2. More Control over investment: Gain greater control over your investments with a private pension. We offer you a fund that aligns with your risk appetite and retirement goals, whether it’s steady growth or maximizing potential returns.
  3. Additional Benefits: Go beyond just saving for retirement and enjoy additional benefits like investment management advice.
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moving nssf tier 2 contribution to private pension fund with dawit insurance

What are the new NSSF deductions?

The new rates are based on a tiered system, meaning the percentage you contribute depends on your monthly salary. Here’s a breakdown:

Tier 1: Applies to your pensionable earnings up to Kshs 7,000. Both you and your employer contribute 6% each, making a total of 12%.

Tier 2: Applies to your pensionable earnings above Kshs 7,000, up to Kshs 36,000. Again, both you and your employer contribute 6% each, for a total of 12%.

The total maximum monthly remittance per employee is Kshs 2,160 (Kshs 1,080 employee + Kshs 1,080 employer), applicable when the employee’s salary exceeds Kshs 18,000.

Illustration Of Deductions (From Employee Salary)

New NSSF Tier 1 and 2 Deduction Illustrations

Documents needed for NSSF Tier 2 opting out

Form C1:

Download this form from our website through this link.  Make sure to fill it out accurately and completely.

Sponsor Resolution:

If you’re employed, request your employer to issue a formal resolution approving your opt-out request. This document should demonstrate your company’s awareness and consent to your decision.

National ID Card:

You’ll need a copy of your valid Kenyan National ID card for identity verification.

How to move the NSSF fund with Dawit Insurance

Submit an application

Download and complete the “Application for Cessation of Tier II Contributions” form (Form C1) from the NSSF website or obtain it from this link.

Obtain sponsor resolution

 If you’re employed, your employer needs to issue a resolution approving your opt-out request. They may also require additional documentation.

Submit Form C1 to NSSF

Submit the completed form, sponsor resolution, and any required documents to your nearest NSSF branch.

Wait for processing

Expect a waiting period of up to 2 months for NSSF to process your application.

Our Partners of Private Pension Fund

Benefits Of Choosing Dawit for NSSF Private Pension

  • Get the best return in the guaranteed funds market. 
  • Work with a financially stable company.
  • Enjoy a fresh book that allows clean asset selection with no baggage from historic investments.
  • Experience excellent customer service.
  • We deliver quick turnaround times.
  • We employ a clear and open dispute resolution apparatus.
  • Enjoy convenience – members have a portal that they have unlimited remote access.
  • We are easily reachable on phone and email correspondence.

Safeguard Employee Social Security Fund

Show Empathy

This is a good way of showing emotional support.

Social Security

Create a stronger financial security for their retirement life. It shows families you care for the value they put in their work for you.

Employee Satisfaction

Offer your employees the peace of mind they need while working with you.

Let's start the conversation

Your first steps towards transferring your NSSF Tier 2 deductions to a private pension fund begins here. Regardless of the size of your business or group, we help you find a solution that meets your budget and needs.

Fill the form to get started

Our ultimate interest is to match the customer’s expectations to the underwriter’s reality and eventually become our clients’ “insurance department”. This is achieved through a dedicated and professional staff and partnerships with insurance companies.

We’d love to hear from you about your business. As you continue to grow and take your business to the next level, let us worry about mitigating your risks. You can reach out by calling, emailing or paying us a visit. You can also fill in the form and we’ll get back to you in a bit.

Utumishi Coop Building, Mamlaka Rd, Off Nyerere rd.
info@dawitinsurance.com
+254 712 856 447
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