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Private Pension Insurance

Private Pension Insurance (PPI) is a special savings system aiming at providing income to individuals during retirement, in addition to the existing public social security system. Completely based on voluntary participation, this system is also supported by the state contribution. The purpose here is to allow individuals to make regular savings so that they can maintain their life standards in retirement, as well.

Each individual above the age of 18 qualifies for retirement after passing the age of 56, as long as they remain in this system for 10 years. Those who are not included in any social security system can also participate in the Private Pension Scheme.

State Contribution

This is the amount paid by the state to the pension account of the participation, as much as 30% of the contribution paid by the participant.

Features of State Contribution

  • As a PPI participant, the amount of state contribution you can obtain within a calendar year cannot exceed 25% of the gross minimum wage amount regarding the year in question.
  • The limit is calculated on the basis of the participant.
  • You cannot touch the state contribution in the first 3 years. You can withdraw 15% at the end of the third year, 35% at the end of the sixth year and 60% at the end of the tenth year. You can withdraw the entire state contribution only when you retire.
  • According to the new regulation on the State Contribution, the housewives and unemployed segments that do not pay taxes to the state can also benefit from state contribution.
  • State contribution is not added to the contributions paid by the employer for the participant.
  • Employers can request deduction for the contribution they pay for their wage workers (15% of the income obtained on the month of payment and annual amount of the annual minimum wage) as expenses in the appreciation of their commercial income within the legally determined limit.

Access more detailed information about the product at www.katilimemeklilik.com.tr

Katılım Emeklilik Economic Pension Plan

You can easily join Katılım Emeklilik New Economic Pension Plan with a monthly contribution of 305 TL or more. You can make contribution payments monthly, quarterly, semi-annually, or annually. You qualify for retirement at the age of 56 as long as you remain in the system at least for 10 years after you enter the private pension system.

The initial stage of Katılım Emeklilik New Economic Pension Plan does not require any sign-up fee.

If you leave the system before the fifth year of the agreement, a delayed sign-up fee is charged. The amount equal to 8.5% of the monthly gross minimum wage (MGMW) to be applied in the first 6 months of the calendar year in question for each contract year is calculated; then, the amount that is not deducted as management expenditure deduction and/or suspension deduction and/or cash sign-up fee from the total amount corresponding to the period until the end of the fifth year of the contract until the date of withdrawal is deducted from the savings as a delayed sign-up fee.

In the calculation of the deduction for the uncollected years, MGMW to be applied in the first 6 months of the relevant calendar year of the date of withdrawal is taken into consideration.

Delayed sign-up fee is not charged to those who complete their fifth year or those who withdraw due to death or disability or who use their right of pension.

Fund Expenditure Rates

Fund Name Daily Fund Operating Expense Deduction Annual Fund Operating Expense Deduction Daily Fund Total Expense Deduction Annual Fund Total Expense Deduction
Katılım Emeklilik ve Hayat A.Ş. Alternative Aggressive Participation Shifting (currency) Pension 0,0062 2,25 0,0062 2,28
Katılım Emeklilik ve Hayat A.Ş. Alternative Gold Participation Pension Investment 0,0029 1,06 0,0029 1,09
Katılım Emeklilik ve Hayat A.Ş. Alternative Balanced Participation Variable Pension Investment Fund 0,0062 2,25 0,0062 2,28
Katılım Emeklilik ve Hayat A.Ş. Alternative Public Lease Certificates Participation Investment Fund 0,0052 1,88 0,0052 1,91
Katılım Emeklilik ve Hayat A.Ş. Alternative Partcipation Stock Pension Investment Fund 0,0062 2,25 0,0062 2,28
Katılım Emeklilik ve Hayat A.Ş. Alternative Partcipation Contribution Pension Investment Fund 0,00095 0,347 0,00095 0.365
Katılım Emeklilik ve Hayat A.Ş. Alternative Partcipation Standard Pension Investment Fund 0,0052 1,88 0,0052 1,91

Management Expenditure

The following is collected on the basis of agreement yeat after the date the agreement enters into force:

  • For 1st year MGMW * 7% TL
  • For 2nd year MGMW * 5% TL
  • For the 3rd year MGMW * 5% TL
  • For the 4th year MGMW * 5% TL
  • For the 5th year, MGMW * 5% TL is charged.

The amount of deductions from the savings defined in the plan cannot exceed the annual and 5-year deduction upper limit specified in the legislation.

The amounts of deduction to be made within the agreement year will be applied in maximum rates defined in the legislation. Regarding the amount of management expenditure deduction (MED) from the savings;

  • The first deduction from the savings is made from the savings in the first year of the agreement following the fund purchase transactions of the contribution. The amounts of deduction defined in the plan in the following years are deducted from the savings within the relevant agreement year.
  • If the deductions from the savings defined in the plan cause the savings in the account to fall below 0 TL, the part of this deduction that causes the savings to fall below this amount will not be collected. The uncollected amount is collected within that year of agreement for the deduction.

Additional Management Expenditure Deduction In Case of Suspension

The suspension deduction defined in the plan (5 TL) is collected monthly during the suspension period of the agreement from the savings after deducting the total amount for the MED in the relevant agreement year without exceeding the annual and 5-year deduction upper limits.

Management Expenditure Deduction from the Additional Contribution

MED is not charged from the additional contribution in Katılım Emeklilik New Economic Pension Plan.

Katılım Emeklilik Special Pension Plan

You can easily join Katılım Emeklilik New Special Pension Plan with a monthly contribution of 1,145 TL and more. You can make contribution payments monthly, quarterly, semi-annually, or annually. You qualify for retirement at the age of 56 as long as you remain in the system at least for 10 years after you enter the private pension system.

The initial stage of Katılım Emeklilik New Special Pension Plan does not require any sign-up fee.

If you leave the system before the fifth year of the agreement, a delayed sign-up fee is charged. The amount equal to 8.5% of the monthly gross minimum wage (MGMW) to be applied in the first 6 months of the calendar year in question for each contract year is calculated; then, the amount that is not deducted as management expenditure deduction and/or suspension deduction and/or cash sign-up fee from the total amount corresponding to the period until the end of the fifth year of the contract until the date of withdrawal is deducted from the savings as a delayed sign-up fee.

In the calculation of the deduction for the uncollected years, MGMW to be applied in the first 6 months of the relevant calendar year of the date of withdrawal is not taken into consideration.

Delayed sign-up fee is not charged to those who complete their fifth year or those who withdraw due to death or disability or who use their right of pension.

Fund Expenditure Rates

Fund Name Daily Fund Operating Expense Deduction Annual Fund Operating Expense Deduction Daily Fund Total Expense Deduction Annual Fund Total Expense Deduction
Katılım Emeklilik ve Hayat A.Ş. Alternative Aggressive Participation Shifting (currency) Pension 0,0062 2,25 0,0062 2,28
Katılım Emeklilik ve Hayat A.Ş. Alternative Gold Participation Pension Investment 0,0029 1,06 0,0029 1,09
Katılım Emeklilik ve Hayat A.Ş. Alternative Balanced Participation Variable Pension Investment Fund 0,0062 2,25 0,0062 2,28
Katılım Emeklilik ve Hayat A.Ş. Alternative Public Lease Certificates Participation Investment Fund 0,0052 1,88 0,0052 1,91
Katılım Emeklilik ve Hayat A.Ş. Alternative Partcipation Stock Pension Investment Fund 0,0062 2,25 0,0062 2,28
Katılım Emeklilik ve Hayat A.Ş. Alternative Partcipation Contribution Pension Investment Fund 0,00095 0,347 0,00095 0.365
Katılım Emeklilik ve Hayat A.Ş. Alternative Partcipation Standard Pension Investment Fund 0,0052 1,88 0,0052 1,91


Management Expenditure

The following is collected on the basis of agreement yeat after the date the agreement enters into force:

  • 80TL for the 1thyear
  • 40TL for the 2ndyear
  • 40TL for the 3rdyear
  • 40TL for the 4thyear
  • 40TL for the 5thyear

The amount of deductions from the savings defined in the plan cannot exceed the annual and 5-year deduction upper limit specified in the legislation.

The amounts of deduction to be made within the agreement year will be applied in maximum rates defined in the legislation. Regarding the amount of management expenditure deduction (MED) from the savings;

  • The first deduction from the savings is made from the savings in the first year of the agreement following the fund purchase transactions of the contribution. The amounts of deduction defined in the plan in the following years are deducted from the savings within the relevant agreement year.
  • If the deductions from the savings defined in the plan cause the savings in the account to fall below 0 TL, the part of this deduction that causes the savings to fall below this amount will not be collected. The uncollected amount is collected within that year of agreement for the deduction.

Additional Management Expenditure Deduction In Case of Suspension

The suspension deduction defined in the plan (5 TL) is collected monthly during the suspension period of the agreement from the savings after deducting the total amount for the MED in the relevant agreement year without exceeding the annual and 5-year deduction upper limits.

Management Expenditure Deduction from the Additional Contribution

MED is not charged from the additional contribution in Katılım Emeklilik New Special Pension Plan.

Early Participation Pension Plan

The Early Retirement Plan, prepared for the those under the age of 18, is an individual pension plan where PPI savings are collected with a 30% state contribution and also includes various assistant services.
 
Conditions
  • Being in the system for at least 10 years
  • To turn 56 and qualify for retirement
  • Those who stay in the system for at least 3 years receive 15% of the state contribution and returns, those who stay for at least 6 years receive 35% of the state contribution and returns, those who stay at least 10 years receive 60% of the state contribution and returns, those who are 56 years old after staying in the system for 10 years  receive 100% of the state contribution.
  • Savings are valued with pension mutual funds preferred by the customer.
  • The minimum contribution is 100 TL per month. It is possible to pay higher.
  • No entry fee is deducted from the beginning.
  • The interruption fee is 2 TL per month.
  • Management Expense Deduction is not taken.
  • In case of departure (exit or transfer) before the end of the 5th year of the contract, a deferred entry fee is collected.
  • Participants who are over the age of 18 have the right to transfer their rights in the contract from the person paying the contribution to the participant's name and account. 
Assistance Services
  • Newborn Package (0-2 years old)
Psychological Counseling: Free counseling service for mothers
Discounts at contracted companies for toys, furniture, clothes and baby seat purchases, as well as birth photographer and nursery services
  • Preschool Package (2-5 years old)
Dental Check-Up: 1 free examination at dentists
Eye Check-Up: 1 free eye examination
Play Therapy: Play therapy service for children aged 2-5
Early Puberty Counseling: Free introductory session at contracted clinics and hospitals, up to 30% discount for subsequent sessions or all sessions.
Furniture and Clothing Shopping: You can benefit from a discount from contracted companies for your children's furniture and clothing shopping.
  • School Age Package (5-18 years old)
Dental Check-Up: 1 free examination at dentists
Eye Check-Up: 1 free eye examination
High School and University Entrance Preference Counseling: Online guidance counseling service
Adolescent Counseling: Free introductory session at contracted clinics and hospitals, up to 30% discount in subsequent sessions or all sessions.
Sports Courses: Discounted service at contracted gyms

Katılım Emeklilik Excellent Pension Plan

You can easily join Katılım Emeklilik New Excellent Pension Plan with a monthly contribution of 2715 TL and more. You can make contribution payments monthly, quarterly, semi-annually or annually. You qualify for retirement at the age of 56 as long as you remain in the system at least for 10 years after you enter the private pension system.

The initial stage of Katılım Emeklilik New Excellent Pension Plan does not require any sign-up fee.

If you leave the system before the fifth year of the agreement, a delayed sign-up fee is charged. The amount equal to 8.5% of the monthly gross minimum wage (MGMW) to be applied in the first 6 months of the calendar year in question for each contract year is calculated; then, the amount that is not deducted as management expenditure deduction and/or suspension deduction and/or cash sign-up fee from the total amount corresponding to the period until the end of the fifth year of the contract until the date of withdrawal is deducted from the savings as a delayed sign-up fee.

In the calculation of the deduction for the uncollected years, MGMW to be applied in the first 6 months of the relevant calendar year of the date of withdrawal is not taken into consideration.

Delayed sign-up fee is not charged to those who complete their fifth year or those who withdraw due to death or disability or who use their right of pension.

Fund Expenditure Rates

Fund Name Daily Fund Operating Expense Deduction Annual Fund Operating Expense Deduction Daily Fund Total Expense Deduction Annual Fund Total Expense Deduction
Katılım Emeklilik ve Hayat A.Ş. Alternative Aggressive Participation Shifting (currency) Pension 0,0062 2,25 0,0062 2,28
Katılım Emeklilik ve Hayat A.Ş. Alternative Gold Participation Pension Investment 0,0029 1,06 0,0029 1,09
Katılım Emeklilik ve Hayat A.Ş. Alternative Balanced Participation Variable Pension Investment Fund 0,0062 2,25 0,0062 2,28
Katılım Emeklilik ve Hayat A.Ş. Alternative Public Lease Certificates Participation Investment Fund 0,0052 1,88 0,0052 1,91
Katılım Emeklilik ve Hayat A.Ş. Alternative Partcipation Stock Pension Investment Fund 0,0062 2,25 0,0062 2,28
Katılım Emeklilik ve Hayat A.Ş. Alternative Partcipation Contribution Pension Investment Fund 0,00095 0,347 0,00095 0.365
Katılım Emeklilik ve Hayat A.Ş. Alternative Partcipation Standard Pension Investment Fund 0,0052 1,88 0,0052 1,91

 

Management Expenditure

The following is collected on the basis of agreement year after the date the agreement enters into force:

  • 60 TL for the 1styear
  • 0 TL for the 2ndyear
  • 0 TL for the 3rdyear
  • 0 TL for the 4thyear
  • 0 TL for the 5thyear

The amount of deductions from the savings defined in the plan cannot exceed the annual and 5-year deduction upper limit specified in the legislation.

The amounts of deduction to be made within the agreement year will be applied in maximum rates defined in the legislation. Regarding the amount of MED from the savings;

  • The first deduction from the savings is made from the savings in the first year of the agreement following the fund purchase transactions of the contribution. The amounts of deduction defined in the plan in the following years are deducted from the savings within the relevant agreement year.
  • If the deductions from the savings defined in the plan cause the savings in the account to fall below 0 TL, the part of this deduction that causes the savings to fall below this amount will not be collected. The uncollected amount is collected within that year of agreement for the deduction.

Additional Management Expenditure Deduction In Case of Suspension

The suspension deduction defined in the plan (5 TL) is collected monthly during the suspension period of the agreement from the savings after deducting the total amount for the MED in the relevant agreement year without exceeding the annual and 5-year deduction upper limits.

Management Expenditure Deduction from the Additional Contribution

MED is not charged from the additional contribution in Katılım Emeklilik New Excellent Pension Plan.

 

Why Katılım Emeklilik?

Katılım Emeklilik is a distinguished company in the sector with an innovative approach in interest-free private pension schemes and insurance, modern and technological investments, and a customer-oriented service approach.

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