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Affordable Pension Plan

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Things to Know

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Affordable Pension Plan

With the Affordable Katılım Emeklilik Plan, you can invest a minimum of 1.280 TRY monthly contributions for your future without pushing your budget. You can adjust your contribution payments on a monthly, quarterly, semiannual, or annual basis, and create your savings plan that fits your budget.

You will be entitled to retire after reaching the age of 56, provided that you have been in the system for at least 10 years since entering the system.

The future starts today.

Advantages

Benefit from 30% government contribution that is not available in any other investment.
In the beginning, you start earning without paying any participation fee.
Receive your savings collectively or as a regular salary as you wish.
You can choose the payment plan that best suits your budget.
You get more savings with interim payments.

Things to Know

You can apply for the Affordable Katılım Emeklilik Plan at Albaraka Türk and Kuveyt Türk branches.
If you leave before the end of the 5th year of the agreement, the deferred participation fee shall be charged. For each contract year, from the total amount corresponding to the period until the end of the 5th year to the leaving date and the amount corresponding to 8.5% of the Monthly Gross Minimum Wage to be applied in the relevant calendar year, the portion not deducted as a management fee and/or suspension deductions and/or participation fee in cash shall be deducted from the savings as the deferred participation fee. MGMW to be applied in the relevant calendar year of the leaving date shall be taken into account in the calculation of the deduction for the uncollected years.
You can increase your contribution according to your income level and expectations, and you can increase your savings with additional contribution payments.
You can make your payments from your bank account or credit card.
In order to retire in the Personal Pension system, you must stay in the system for at least 10 years and complete the age of 56. If you wish, you can use your retirement right at a later date and continue to save with the same advantages.
You can use your savings in Katılım Emeklilik* mutual funds. You make the fund distribution yourself, or you can choose from our fund suggestions that are suitable for you.
When you enter the Personal Pension System, for only the first 5 years; for each agreement year, the amount corresponding to 8.5% of the monthly minimum gross wage to be applied in the relevant calendar year will be deducted from your total savings.

*Personal pension mutual funds established byKatılım Emeklilik ve Hayat A.Ş. are managed by Albaraka Portföy Yönetimi A.Ş., KT Portföy Yönetimi A.Ş., and QInvest Portföy Yönetimi A.Ş.

In Katılım Emeklilik ve Hayat A.Ş., you will receive services in accordance with the Interest-Free Insurance Concept and the principles of Interest-Free Insurance. In all of our products, your funds are used in investment instruments that comply with the principles of interest-free insurance.

MGMW (Monthly Gross Minimum Wage)

Management Expense Deduction

For only the first 5 years from the effective date of your agreement; the amount corresponding to 7% for the first year and 5% for other years of the monthly minimum gross wage to be applied in the relevant calendar year will be collected annually from your total savings.