We keep books of accounts by recording the scheme’s assets, income, and expenses. We work with investment managers and custodians on a regular basis to obtain bank statements and reconcile them, resolving any unreconciled items, and prepare a set of accounts for trustees to review on a quarterly basis. The accounts include a net asset statement, a revenue and expenditure account, and supporting notes.

We prepare and file tax returns at the end of each fiscal year, as well as pay installment taxes and handle any issues with the Kenya Revenue Authority on behalf of the trustees. Annual budgets for schemes are prepared for discussion and approval.

PRODUCT DETAIL

• Full trustee report and accounts
• Cash flow management
• Investment accounting
• Quarterly accounts
• Tax payments and returns
  
  

BENEFITS      

• Octagon retirement scheme accounting services are delivered by a team of fully qualified accountants with a strong background in the pensions industry.
• We work with Trustees and their service providers to develop accounting solutions tailored to meet their needs, taking responsibility for all accounting information, and always adhering to accounting standards.
• Whether a single set of audited accounts is needed or a complete solution for tax payments and reports, we can deliver a suite of services that are as unique as our clients.