Kenyan Retirees Rejoice: Finance Bill 2025 Exempts Pension Income from Taxation
In a groundbreaking move, the Kenyan government has introduced the Finance Bill 2025, bringing immense relief to retirees across the country. By exempting pension income from taxation, the government aims to alleviate the financial burden on senior citizens, enhancing their quality of life. This tax exemption is expected to significantly boost the disposable income of retirees, allowing them to enjoy their golden years with greater financial security. As a result, Kenyan retirees can now look forward to a more stable and secure financial future, thanks to this thoughtful initiative. With this exemption, the government is also promoting financial inclusion and social welfare, aligning with popular trends in retirement planning and pension management. The move is seen as a major win for retirees, who can now breathe a sigh of relief, knowing their pension income is tax-free.
