VIP Cumulative Plan

VIP Cumulative Plan

You may deposit the initial contribution amount of 40,000 TL and therefore you can avoid the payment of the Entrance Fee and Administrative Expenses Fee.

You can commence your pension plan with the initial contribution amount and accordingly you will be the winner person by virtue of an advantageous plan.

Why Should You Prefer the VIP Cumulative Plan?

Everyone who takes a step towards the Private Pension System upon paying the contribution amount and who desires to reach the savings amount targeted by him/her can possess the VIP Cumulative Plan which constitutes an advantageous plan.The persons who wish to enjoy the comfort to the full in the pension period, the VIP Cumulative Plan is just for you!

Which advantages do I have within the scope of the VIP Cumulative Plan?

  • Within the scope of the VIP Cumulative Plan, the additional contribution amount of 25 TL for each 100 TL-amount which is deposited by you to your account shall be paid by the state. By virtue of thee state contribution, you can earn more by paying higher amount of contribution. (With respect to all contracts owned by you, the total annual state contribution amount cannot exceed 25% of the annual gross minimum wage.)
  • In the manner which the relevant amount shall not be below the minimum contribution amount, you can determine your contribution amount according to your preference.
  • You will be free to change your contribution amount at any time in accordance with the rate desired by you.
  • You can change your fund distributions 6 times per year.
  • You can easily switch to another PPS plan. Within the context of the VIP Cumulative Plan, you will be entitled to execute 4 plan changes per year.

What are the features of the VIP Cumulative Plan?

Minimum Contribution Amount:  The monthly minimum contribution amount is 455 TL.

Initial Contribution Amount:  In order to benefit from the advantages of the VIP Cumulative Plan, you will be required to pay the initial contribution amount of 40,000 TL.

Payment Period and Payment Instruments: You can make your contribution amount payments on a monthly basis, once per 3 months, once per 6 months or an annual basis according to your preference. For the execution of a regular payment, you may give the automatic payment order from the bank branches or you may execute the relevant payments by means of your credit card.

Entrance Fee:In the VIP Cumulative Plan, entire amount of your entrance fee is deferred. The deferred entrance fee shall be collected in the case where you exit from your contract within the initial 5 years and it shall be calculated in accordance with your contract term. The total amount of deduction which may be made within the initial 5 years of the contract shall constitute 8.5% of the annual monthly Gross Minimum Wage for each year. Subsequent to the exit, the collected administrative expenses fee shall be deducted from this amount and the remaining amount shall be collected as the Deferred Entrance Fee.

Administrative Expenses Fee: In the VIP Cumulative Plan, the administrative expenses fee is not applicable.

Suspension Deduction: In the case where the pension contract is suspended, the additional administrative expenses fee deduction shall not be executed in terms of the principal amount of the relevant saving up to the maximum limit which is determined by the Undersecretariat of Treasury shall not be collected within the scope of this plan. The mentioned deduction amount is 2 TL for each full month subject to suspension and this amount shall not be collected within the scope of your plan. In the case where the suspension period lasts for a period longer than one year, the fixed expenses which have been paid to the Pension Monitoring Center by us with regard to the private pension account shall be deducted from the principal amount of the savings.

The VIP Cumulative Plan constitutes the private pension plan numbered 159 of AgeSA Hayat ve Emeklilik.

Where and how can I purchase the VIP Cumulative Plan?

In order to make an application with respect to the VIP Cumulative Plan, you can visit the AgeSA Sales Office which is closest to you or you may fill in our Private Pension Application form so that we can contact you.

You can immediately call 444 11 11 in order to make an appointment. A nice retirement period is awaiting for you!