You may deposit the initial contribution amount of 125,000 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 without Administrative Expenses Fee
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!
Minimum Contribution Amount: The monthly minimum contribution amount is 3.000 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 125.000 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 case of suspension of the Private Pension System contract, no additional management fee deduction, up to the maximum limit determined by the Undersecretariat of Treasury, will be taken from the principal portion of the savings during the suspension period. AgeSA customers will not be charged any deductions during the period they suspend their payments.
The VIP Cumulative Plan constitutes the private pension plan numbered 159 of AgeSA Hayat ve Emeklilik.