What is the Madison Income Drawdown Plan?

The Madison Income Drawdown (IDD) Plan is a post-retirement solution designed to provide you with regular income from your retirement savings while keeping the balance of your fund actively invested. It offers you flexibility, control, and transparency as you transition from accumulation to income during your retirement years.

Whether you are exiting an employer-sponsored pension scheme or looking to convert your retirement benefits into a structured income stream, the Madison IDD Plan offers a professionally managed, regulation-compliant, and tax-efficient platform for drawing down your retirement benefits.

Key Features

• Regular Income Payments – Receive predictable income on a monthly, quarterly, semi-annual, or annual basis, depending on your preference.
• Investment Growth – Your balance remains invested in a carefully constructed portfolio managed by Madison Investment Managers, offering potential for capital growth over time.
• Flexible Access – Withdrawals are structured, but flexible within Retirement Benefits Authority (RBA) guidelines — allowing you to adapt your income to your evolving retirement needs.
• Transparency & Real-Time Monitoring – Our robust IDD Operations System ensures that your transactions, statements, and valuations are processed with accuracy, and that your account is maintained with clear audit trails.
• Regulatory Compliance – The Madison IDD Plan is fully compliant with the Retirement Benefits Act and all applicable regulations under the RBA Income Drawdown Guidelines.
• Seamless Integration with Pension Schemes – Designed to receive direct transfers from Occupational Schemes, Umbrella Schemes, and Individual Pension Plans, the Madison IDD Plan ensures a smooth transition into retirement income without delays or penalties

Why Choose Madison?

With decades of experience in the retirement benefits industry, Madison Life Assurance Kenya Limited stands as a trusted partner in retirement planning. Our Income Drawdown Plan is backed by:

• A dedicated retirement benefits administration team
• A robust technology platform for client servicing and transaction accuracy
• Sound investment governance through our in-house investment managers
• Personalized client service and ongoing retirement education

Who Can Join?

• Members retiring from a registered pension scheme (Occupational, Umbrella, or IPP)
• Individuals aged 50 years and above who wish to access their retirement savings flexibly
• Retirees seeking an alternative to annuities, with more autonomy over their fund

How to Get Started

Getting started is easy. If you are approaching retirement or are already retired, our team is ready to guide you through the transfer and onboarding process.

For more information, write to us at:

pensionsales@madison.co.ke