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A NEW ERA IN PRIVATE PENSION SYSTEM
A NEW ERA IN
PRIVATE PENSION SYSTEM

All you wonder about the new private pension
system is here.

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What is the main difference in the new system?

A State contribution has been introduced in the private pension system. In the old system, there were tax incentives with the amount rebated from income tax deposited directly back into the customer’s pension. With the new legislation a fixed State contribution is now paid into the customer’s fund, increasing the amount of savings when compared to the old system. This State contribution and any earnings accrued on it cannot be seized by court order, used as security for debt or included in any bankruptcy proceedings.

What is the ratio of State contribution in the new system?

In the new system, the State contribution is 25%. This means the State will deposit TL 25 into a sub-account in your name for every TL 100 payment you invest.

Who are eligible for benefiting from the state contribution?

T.R. citizens who turned the age of 18, holders of Blue Card and participants whose contribution is not paid by their employer benefit from the state contribution practice.

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