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Private Pension System

What is private pension?

Private pension provides you the opportunity to make regular savings and investments for your retirement. It is a pension system that is exclusively tailored to your future dreams. You’re in full control of when, how and what will be used to invest your savings.

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How much state contribution can I receive?

The amount of state contribution paid to a participant is limited by 25% of the annual gross minimum wage. Even if the participant has multiple pension contracts, the state contribution can not exceed 25% of the annual gross minimum wage.

How can I retire?

In order to retire in the Private Pension System, you have to stay in the system for at least 10 years and turn 56 years old.

How can I evaluate my savings?

Our pension fund robo-advisor Fund Coach makes an assessment over markets for Garanti Pension customers in order to offer them the best fund distribution according to their risk preferences.

You can login to our Internet Branch from your computer and click to Fund Coach from the Fund Consultancy menu or the homepage. After creating your risk profile, you can apply the recommended fund distribution for your risk preferences.

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Auto Enrolment

What is auto enrolment?

Auto enrolment is a new system that allows employers to automatically enroll public and private sector employees under 45 years of age, into private pension system.

Detailed Information
Will my auto enrolment contract merge with my current private pension contract?

Current contracts will not be transferred to the auto enrolment system.

How much state contribution will I receive specifically from the auto enrolment system?

25% state contribution advantage will be available in the auto enrolment system under the same terms and conditions. If you quit your job, there shall not be any cutbacks on the state contribution advantage; you can benefit from the state contribution as long as you stay in the system.

How much of my salary will be deducted for auto enrolment?

The contribution amount you need to pay for the auto enrolment system is 3% of your gross pay and it will be automatically deducted from the salary. Aside from the fund management fee, there are no other deductions. If you wish to increase your savings, you can request your employer to deduct a higher amount from your salary.

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Life Insurance

What is life insurance?

Life insurance offers financial assurance to your family and your loved ones in case of your decease. It also offers financial assurance to you, your family and your loved ones in case of disability due to an accident or in case of a critical illness.

Who can benefit from life insurance?

Life insurance can be offered to anyone that meets the general conditions of insurance. Age ranges may change according to the purchased product and coverage.

Life insurance can be issued after a medical examination of your health conditions.

Does life insurance replace private health insurance?

No. Life Insurance and Private Health Insurance contain different warrants and conditions; they do not substitute for each other.

Can I benefit from the tax advantage for life insurance?

Yes. If you are an income taxpayer, you can deduct the life insurance premiums you pay for yourself, your spouse and your minor children under the age of 18, from your tax assessment at specified rates. As a result, the amount you will pay for tax and life insurances decreases.

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Garanti Emeklilik Yaşa

What is Garanti Emeklilik Yaşa?

Garanti Emeklilik Yaşa is an exclusive world that offers our various services and advantages to help our customers live their lives to the fullest... We are looking forward to welcome you to our world of advantages in İstanbul, Ankara, İzmir, Bursa and Antalya.

Who can benefit?

You do not need a special membership to benefit from the privileges of this world; you can benefit as long as you have a private pension plan or life insurance from Garanti Pension.

What are the advantages?

We offer special discounts with Garanti Emeklilik Yaşa to our customers for our hobby events and activities where they can enrich their social lives. It is incredible to live in this colorful world!

Activities

If you are one of those who enjoy tasting different cuisines, come join our food events!

Who wouldn't want to live healthy? We have already reserved your mat at our yoga class! And of course, we did not forget about our children! With our very entertaining and informative activities, they will also Live Like Children!