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Individual Pension

Increase your savings by transforming them into investment

Individual Pension increases your savings by transforming them into investment.

Individual Pension System is a special pension system that allows you to transform your savings into investment so that you enjoy a comfortable retirement.

Individual Pension means welcoming the future with confidence.

With the Individual Pension System, regular savings you make during your active working life will be securely put into good use under the supervision of professional investment specialists.

Individual Pension System is a long-term investment that aims to preserve your life standards by the time your retirement period comes up.

  • Based on voluntary participation.
  • Complements the current social security system.
  • Anyone with capacity to act can join.
  • Based on individual contributions and retirement mutual funds.

  • Provides you with a second pension income alongside your affiliated Social Security System.
  • Encourages saving money to put your future under guarantee.
  • Individual Pension funds are exempt from taxes.
  • Financial consultants working for you will put your investments into the most befitting and profitable use.
  • You may stop your payment in times of financial strife.
  • The money you invest is under government guarantee.

  • You only need to have the capacity to act in order to participate in the Individual Pension System.
  • To participate in the System, you should execute an Individual Pension contract with an Individual Pension Company that has obtained a pension license from the Undersecretariat of Treasury.
  • You may determine your contribution fees according to the retirement pay or the lump sum payment you would like to receive.
  • Anyone who remains at least 10 years within the system as of the date of entry into the Individual Pension System and completes 56 years of age becomes entitled to be pensioner.
  • Your income you will receive by the time you are entitled to pension depends on the amount and income of your contribution fees.
  • The Individual Pension System is secured by the organizations with auditing and supervisory functions.

Under the Individual Pension System, tax rates chargeable on repayments to participants are as follows:

  • The income amount including repayment to those who leave the system after having paid less than ten years of contribution fees or make partial payments during such period (including the income amount covering the payable parts of Government contributions deposited as per the Individual Pension Savings and Investment System Law numbered 4632 and dated March 28, 2001 to the individual pension account) is subject to 15% income tax.
  • The income amount including the repayment to those who have paid contribution fees for ten years but left the system without receiving entitlement to pension, or made partial payment during such period (including the income amount covering the payable parts of Government contributions deposited per the Law no. 4632 to the individual pension account), is subject to 10% income tax.
  • The income amount including repayment to those who have received entitlement to pension or left the system due to obligatory reasons such as death, disability or liquidation (including the income amount covering the payable part of Government contributions deposited per the Law no. 4632 to the individual pension account) is subject to 5% income tax.

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