The Group Pension Contract is a pension system that offers advantageous terms for your corporation.
By virtue of the private pension plans of AgeSA Hayat ve Emeklilik which has a lower deduction structure in comparison with the plans available in the Private Pension System, from now on, it is much more easier for the employees of your corporation to reach their retirement dreams.
If you wish, you can include your employees to the system in an entirely corporation contribute, corporation and employee contributed or entirely employee contributed manner and you can assure their retirement dreams by means of the group pension plans of AgeSA Hayat ve Emeklilik.
ISSUES WHICH DISTURB MY MIND
Can my spouse and children be included to the system?
Your spouse and your children under the age of 18 can join the Personal Pension Plan benefiting from the same conditions.
If the employee gets divorced, can the spouses continue to benefit from the same conditions?
If the employee is divorced, their spouse can maintain their contract under the same conditions. The benefits applicable at the beginning of the contract shall remain valid until the individual terminates the contracts.
Can I suspend the Private Pension Plan at any time?
Yes, you have the opportunity to suspend it any time you want.
If the pension company goes bankrupt or transferred to another company, shall I lose my savings?
Your savings are kept independent of the pension company at Settlement And Custody Bank in the accounts on your own name. Therefore, your savings are secured under all circumstances.
Do I have to continue with the contribution rate I have started with?
You can change the amount of your contribution any time you want not to be any less than minimum contribution amount of the plan.
After leaving the company, can I continue to pay premium?
After leaving the company, you can continue paying premium under the same conditions.
How can I follow up my savings?
You have the opportunity to follow up your savings in 24 hours of each day by using your personal internet password. Furthermore, you can obtain information from Corporate Service Center on the phone number 0216 633 31 11 any time you want.
Can I make a lump sum payment?
Yes, you can may lump sum payment at any time. Such lump sum payments shall be subject to State Contribution. Moreover, such payments are not subject to any additional deduction.
How should I notify the changes in my personal data?
For changes in personal data, you can use our private internet branch or AgeSA Corporate Service Center.
Is there any difference between pension investment funds and the other investment funds?
Yes, there is. The earnings of pension investment funds are exempt from income tax and corporate tax.
Is there any tax deduction applied if I retire from or leave the system?
When you become entitled to pension from the system or leave the system, income tax deduction shall be applied on the basis of the return obtained from the system as specified in the table.
Can I transfer group pension contract I have made with another pension company?
Provided that minimum of 2 years have passed since the effective date, you can transfer your group pension contract to another pension company or if you want to transfer back your contract drawn by means of transfer from another company, it would be sufficient to have completed 1 year.
Do I have to make contributions until the age of 56 to be able to receive salary or lump sum amount?
Pension entitlement is gained with retirement. In other words, having stayed in the system for 10 years and waiting to turn 56, you shall be entitled to pension. You can get lump sum payment by leaving the system anytime you want.
What should I to benefit from state contribution?
Any Turkish citizen private pension contributors, regardless of being a tax payer or not shall be able to benefit from state contribution. You are not required to make a separate declaration.
Shall I be able to see State Subsidy monthly on the account?
State Subsidy shall be tracked on a separate account connected to the private pension contract the employees are making payment on voluntary basis, and shall be utilized in the pension investment funds to be specified by the Undersecretariat of Treasury.
In the plans contributed by the company, is it possible to get state contribution?
State Subsidy is for individual contributors. Apart from the employer contribution, if someone else is paying for the participant, State Subsidy shall be paid to the account of the participant. For the contracts with corporate contribution the individual shall not get state contribution.
What is the practice related to entitlement periods for state contributions?
In the entitlement for state contribution, a graded structure shall be applied.
As of January 1st, 2013;
The vesting application is the entitlement by the employees who participate in the system in the corporate contributed manner only within the context of the determined entitlement period.
It is possible to stipulate within the scope of the employer group pension contract the entitlement period up to maximum seven years in order for the investor become entitled to the contribution amounts paid by the employer and the entire amounts of the yields of these contribution amounts.Click for more +
Until 31.12.2017, the professional organizations having legal entity will be able to transfer to the private pension system their savings within the scope of the pension undertaking plans. Provided that the relevant decision shall be made by the authorized bodies of the associations, foundations, funds and the professional organizations having legal entities, the savings aimed at the pension and the relevant amounts comprising the undertakings can partly or completely be transferred to the private pension system or the annual annuity insurances without being subjected to the deductions of entrance fee or expenses. Including the real estate sales the transactions with respect to the transfers shall be exempted from all kinds of taxes, duties and fees.Devamı için tıklayın +
The contribution amounts which are paid to the private pension system on behalf of the wage earners by the employers can be taken into consideration as direct expense with regard to the determination of the commercial profit.
The amount which can be taken into consideration as direct expense shall not exceed 15% of the gross wage generated by the employee in the relevant payment month and the annual minimum gross wage.Click for more +
In order to include your company to Automatic Participation, you may receive proposals just within a few minutes by entering your company and communication details via the Receive Proposal application and thereby participate in the system.