Practical Plan

It is the right time to transform small savings into a very advantageous investment!

You do not need to compromise your current standards of living to guarantee your future. Thanks to the Practical Plan, you can make small savings today to relax in your retirement!

Contribution: TRY 190 each month

Advantages

You can keep your contribution low

With the Practical Plan, you can guarantee your retirement years just by paying TRY 190 each month, without compromising your current life standards.

TRY 100 from you and TRY 25 from the state

25% state contribution is one of the unique advantages of the Private Pension System. In private pension system, every TRY 100 you pay becomes TRY 125.

Retirement with the most bonus points!

You can transfer the bonus points you’ve collected in your Bonus Card, to your private pension account to save even more.

Flexibility to change plans and fund distribution

You can change your private pension plan 4 times each year to invest your savings in another plan you believe to suit you better. Moreover, you can determine which funds to invest your savings and change the fund distribution 6 times in a year.

You control the payments

Private pension plans offer flexible payment options. You can increase your monthly contributions, reduce it to the minimum contribution level of your pension plan and even halt your payments, any time you want.

Important Details

Deferred Entrance Fee

We certainly don’t want to see you go, but should you leave the system or transfer your agreement to another provider in the first 5 years, the total management service fee (Gross Minimum Wage * 8.5% * 5) we had withheld for the 5 years will be charged out of your overall savings at the time of exit, as the exit fee.

Management Fee

Upon your enrollment with the Private Pension System, an amount equal to 8.5% of the monthly minimum wage applicable in the relevant calendar year shall be deducted off your overall savings, for each year of contract during only the first 5 years.