[PHOTO:WILBERFORCE OKWIRI/STANDARD]Financial services provider Alexander Forbes wants all retirees to earn tax-free pension benefits. Alexander Forbes wants the age bracket reduced to 55 for more people to benefit. The firm which manages dozens of pension schemes, also wants the Government to increase tax-free retirement savings from the current Sh20,000 to make life easier for pensioners. Updated Sat, July 9th 2016 at 00:08 GMT +3Alexander Forbes Director James Olubayi (left) and Chairperson Board of Trustees Alexander Forbes Lucy Kambuni during yesterday's briefing. Pension and lump sum payments after the age of 65 are tax free, why Alexander Forbes want this reduced to 55 for more retirees to benefit.

Source: Standard Digital July 08, 2016 21:11 UTC