Provident Fund


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difference between pension and provident fund

The Difference Between A Pension Plan And A Provident Fund

Unveiling the Nuances of Provident and Pension Funds in Kenya Saving for retirement is a crucial financial undertaking, and in Kenya, civil servants, including teachers, now participate in a compulsory contributory scheme known as the Provident Fund. As we explore the differences between pension and provident funds, it’s essential to understand the distinctive features of […]

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how provident fund is calculated

How Provident Fund Is Calculated In Kenya [Easy Guide]

Understanding Provident Fund Calculation in Kenya In Kenya, the calculation of provident funds is a crucial aspect for both employers and employees.  This article breaks down the key components and regulations surrounding provident fund calculation, ensuring a comprehensive understanding of the process. **1. Contributions Rates: Employee Contribution Rate Employees are required to contribute a minimum

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