Govt to exempt pensioners from tax payouts at retirement » Capital News

NAIROBI, Kenya, Jun 13 – The Government is set to exempt pensioners from tax payouts at retirement.

According to Treasury Cabinet Secretary Njuguna Nduing’u, early retirees with contributions for over 20 years are set to benefit from the initiative.

Currently, only retirees who are 65 years and older are exempt from taxation when receiving their pension.