Pension Investment Plan

Pension Investment Plan

With the minimum contribution amount of 600 TL per month, you can immediately commence your PPS pension plan in the Akbank branches and Akbank Mobile.
400 TL for participants under 18 years of age

For a more comfortable retirement period, you can choose the Pension Investment Plan by visiting the Akbank branches and Akbank Mobile.

Why Should You Choose the Pension Investment Plan?

By means of the Pension Investment Plan which has been developed under the cooperation of AgeSA and Akbank and that you can purchase from the Akbank branches, you can immediately commence to make investments for your future. In order to plan your retirement period easily, the Pension Investment Plan constitutes the right choice!

Which advantages do I have within the scope of the Pension Investment Plan?

  • Within the scope of the Pension Investment Plan, the additional contribution amount of 30 TL for each 100 TL-amount which is deposited by you to your account shall be paid by the state. Thanks to state contribution you can earn more by paying higher contribution.
  • In the manner which the relevant amount shall not be below the minimum contribution amount, you can determine your contribution amount according to your preference.
  • You will be free to change your contribution amount at any time in accordance with the rate desired by you.
  • You can change your fund distributions 12 times per year.
  • You can easily switch to another private pension plan. Within the context of the Pension Investment Plan, you will be entitled to execute 4 plan changes per year.

What are the features of the Pension Investment Plan?

Minimum Contribution Amount: The monthly minimum contribution amount is 600 TL. 400 TL for participants under 18 years of age

Payment Period and Payment Instruments: You can make your contribution amount payments on a monthly basis, once per 3 months, once per 6 months or an annual basis according to your preference. For the execution of a regular payment, you may give the automatic payment order from the bank branches or you may execute the relevant payments by means of your credit card.

Entrance Fee: Within the scope of the Pension Investment Plan, entire amount of your entrance fee has been deferred. The deferred entrance fee shall be collected in the case where you exit from your contract within the initial 5 years and it shall be calculated in accordance with your contract term. The total amount of deduction which may be made within the initial 5 years of the contract shall constitute 8.5% of the annual monthly Gross Minimum Wage for each year. Subsequent to the exit, the collected administrative expenses fee shall be deducted from this amount and the remaining amount shall be collected as the Deferred Entrance Fee.

Administrative Expenses Fee: It shall be collected for the first 5 years in terms of the savings of your contract. It shall be collected at the rate of 8.5% of the Minimum Gross Wage for each year. While the entire amount with respect to the first year is collected, in the period between the second and fifth years, the administrative expenses fee shall be collected on a monthly basis.

Suspension Deduction: In the case where the pension contract is suspended, the additional administrative expenses fee deduction shall not be executed in terms of the principal amount of the relevant saving up to the maximum limit which is determined by the Undersecretariat of Treasury shall not be collected within the scope of this plan. The mentioned deduction amount is 2 TL for each full month subject to suspension and this amount shall not be collected within the scope of your plan. In the case where the suspension period lasts for a period longer than one year, the fixed expenses which have been paid to the Pension Monitoring Center by us with regard to the private pension account shall be deducted from the principal amount of the savings.

The Pension Investment Plan constitutes the private pension plan numbered 157 of AgeSA Hayat ve Emeklilik.

From where and how can I purchase the Pension Investment Plan?

You can purchase the Pension Investment Plan from all branches of Akbank. A nice retirement period is awaiting for you!

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