*who are Turkish citizens or blue card holders at the age of 18 and over
*who can use their civil rights can participate.
*Foreign customers can benefit from PPS, however they cannot take the advantages of state contibution.

You can make use of different plans based on your income.
You can decide the payment period yourself (as monthly, 3 months, 6 months, annually).
You can stop paying whenever you wish and continue to pay again when you wish.
Once you have earned the right to retire, you can take your savings as a pension if you wish, or as cash if you wish.
Participants' contribution will be invested by professionals in the most advantageous pension investment funds.
In the framework of your pension plan, you have the right to get the fund you want to invest, select it according to the desired risk level and change it 6 times a year.
If you are an employer; you can deduct the contributions you pay on behalf of your employees as expenses in determining your business earnings without relating them to the wages. You can determine the duration of your entitlement with contributions not exceeding 7 years for the contributions you have paid for your employees and the savings made up of your earnings. In this way, you will provide motivation for your employees and loyalty for your company.

The government contribution that can be paid to a more advantageous participant within the scope of state contribution is limited to 25% of the annual gross minimum wage.
Every participant who is 56 years old is entitled to pension, provided that they are in the system for at least 10 years.
All of our private pension funds consist of interest-free investment instruments
The pension companies are audited by the Undersecretariat of Treasury; and the funds and activities of the portfolio managers are supervised by the Capital Markets Board. Just as independent external audit is mandatory, the accounts and transactions of funds are also subject to independent external audit.
Private pension funds are exempt from tax.
You can access the daily information of your private pension account from the secure page that is created for you and can be entered with a password. Also, since your private pension accounts are held at Takasbank, you can also monitor your fund shares daily over these accounts.

Economic Pension Plan

You can participate in the Economic Pension Plan monthly with * TL 190 and up contribution. You can also pay your contribution payments on a monthly, quarterly, 6-month or annual basis. You will be entitled to retirement at age of 56, provided that you have been in the system for at least 10 years from the date of your entry to the private pension system.

There is no entry fee at the initial stage of the Economic Participation Pension Plan.

In case of quiting before the 5th year of the contract, the delayed entrance fee will be charged. For each contract year, the amount corresponding to 8.5% of GMWA to be implemented in the first 6 months of the relevant fiscal year shall be deducted from the total amount corresponding to the period until the end of the fifth year of the contract, the uncollected portion and / or the prepaid portion are deducted from the accumulation as delayed entrance fee.

**GMWA to be implemented in the first 6 months of related fiscal year of seperation date is taken into consideration when calculating the deductions for uncollected years. No delayed entry fee will be collected from those who have completed the fifth year, or seperated from the plan either due to death or disability, or using their right for retirement.

You determine the amount of your contribution based on your current income level and retirement expectations. You can pay as much as you like at the minimum limit. You can automatically make payments through credit card and bank account. You can also deposit money in your private pension account as if you were saving money apart from regular monthly contribution payments. Payments made in this manner are referred to as interim payments.

***Your savings in the private pension system will be directed to the funds you will set. If you wish, you can choose the available fund distribution, and if you wish, you can make a choice among the fund distributions that we offer in the plan according to your preference.

Administrative Expenses Fee (AEF)

Based on contract year since contract has been effective:

For the 1st year TL 120
For the 2nd year TL 72
For the 3rd year TL 72
For the 4th year TL 72
For the 5th year TL 72

will be collected

The deduction amounts deducted from the accumulation in the plan shall not exceed the annual and 5 year deduction upper limits specified in the legislation.

The deductions to be made during the contract year will be applied at the maximum rates specified in the legislation. Regarding the amount of AEF to be taken from accumulation;
The first deduction from the accumulation will be deducted from the accumulation within the first year of the contract following the funding of the contribution. The deductions defined in the plan for the following years will be deducted from the accumulation within the relevant contract year.
In case deductions to be taken from accumulation in the plan cause the total accumulation to go down below TL 0, the amount that cause to go down below TL 0 cannot be collected. The amount that is not collected will be collected in the related contract year when there is available balance.

*The minimum contribution rate varies depending on the inflation rate every year. The amount for 2019 in the Economin Pension Plan is TL 190.

**GMWA equals monthly amount of gross minumum wage in the relevant calendar year for each contract year.

*** Private Pension investment funds founded by Katılım Emeklilik and Hayat A.Ş are managed by Q invest Portfolio Management.

Speacial Pension Plan

You can participate in the Special Pension Plan monthly with * TL 740 and up contribution. You can also pay your contribution payments on a monthly, quarterly, 6-month or annual basis. You will be entitled to retirement at age of 56, provided that you have been in the system for at least 10 years from the date of your entry to the private pension system.

There is no entry fee at the initial stage of the Special Pension Plan.

Administrative Expenses Fee

Based on contract year since contract has been effective:

For the 1st year TL 80
For the 2nd year TL 40
For the 3rd year TL 40
For the 4th year TL 40
For the 5th year TL 40

will be collected.

The deduction amounts deducted from the accumulation in the plan shall not exceed the annual and 5 year deduction upper limits specified in the legislation.

The deductions to be made during the contract year will be applied at the maximum rates specified in the legislation. Regarding the amount of AEF to be taken from accumulation;
The first deduction from the accumulation will be deducted from the accumulation within the first year of the contract following the funding of the contribution. The deductions defined in the plan for the following years will be deducted from the accumulation within the relevant contract year.
In case deductions to be taken from accumulation in the plan cause the total accumulation to go down below TL 0, the amount that cause to go down below TL 0 cannot be collected. The amount that is not collected will be collected in the related contract year when there is available balance.

*The minimum contribution rate varies depending on the inflation rate every year. The amount for 2019 in the Economin Pension Plan is TL 740.

**GMWA: It is the monthly amount of gross minumum wage to be applied in the year related fiscal year for each contract year.

*** Private Pension investment funds founded by Katılım Emeklilik and Hayat A.Ş are managed by Q invest Portfolio Management.

Güzel Pension Plan

You can participate in the Güzel Pension Plan monthly with * TL 1.770 and up contribution. You can also pay your contribution payments on a monthly, quarterly, 6-month or annual basis. You will be entitled to retirement at age of 56, provided that you have been in the system for at least 10 years from the date of your entry to the private pension system.

There is no entry fee at the initial stage of the Economic Participation Pension Plan.

Administrative Expenses Fee

Based on contract year since contract has been effective:

For the 1st year TL 60
For the 2nd year TL 0
For the 3rd year TL 0
For the 4th year TL 0
For the 5th year TL 0

will be collected.

The deduction amounts deducted from the accumulation in the plan shall not exceed the annual and 5 year deduction upper limits specified in the legislation.

The deductions to be made during the contract year will be applied at the maximum rates specified in the legislation. Regarding the amount of AEF to be taken from accumulation;
The first deduction from the accumulation will be deducted from the accumulation within the first year of the contract following the funding of the contribution. The deductions defined in the plan for the following years will be deducted from the accumulation within the relevant contract year.
In case deductions to be taken from accumulation in the plan cause the total accumulation to go down below TL 0, the amount that cause to go down below TL 0 cannot be collected. The amount that is not collected will be collected in the related contract year when there is available balance.

*The minimum contribution rate varies depending on the inflation rate every year. The amount for 2019 in the Economin Pension Plan is TL 1.770.

**GMWA: It is the monthly amount of gross minumum wage to be applied in the first 6 months of related fiscal year for each contract year.

*** Private Pension investment funds founded by Katılım Emeklilik and Hayat A.Ş are managed by Q invest Portfolio Management.

(*) Please click here for detailed information about Katılım Emeklilik ve Hayat A.Ş.

Pension and Life Insurance products are offered by Katılım Emeklilik ve Hayat A.Ş. Albaraka Türk Participation Bank is an agency of Katılım Emeklilik ve Hayat A.Ş.

Albaraka Türk Participation Bank Inc. is an agency of Katılım Emeklilik and Hayat Inc.