A Personal Retirement Scheme (PRS) or Individual Pension Plan (IPP) is a supplementary, portable retirement savings vehicle regulated by the Retirement Benefits Authority (RBA). Contributions attract a 15% tax relief of up to KES 360,000 per year — making it one of the most tax-efficient savings tools available to any Kenyan individual. Benefits include: tax-deductible contributions (reducing your annual tax liability), tax-free investment growth within the fund, portable savings that move with you when you change jobs, multiple fund options (conservative, balanced, aggressive) to match your risk appetite, and a projected retirement income or lump sum at retirement. Available to both employed and self-employed individuals. The earlier contributions start, the greater the compounding benefit — starting at 35 vs 45 can double your retirement fund.