Private Pension from A to Z

Individual retirement is a voluntary or required savings and investment scheme designed to be used in old age that is separate from the broader social insurance system. A private pension, which is not regarded as a kind of insurance, is a different way to save money in addition to the social security system. This system consists of the savings produced by the state contributions and their returns, as well as the contributions that the members deposit under the terms outlined in a contract. In a private pension, the participant sets the amount of the contribution; however, the state contribution is set at 30% of the contribution. The use of this system is expanding daily as a result of public social security systems becoming more and more accessible.

This course was created to identify individual pensions, highlight important contract clauses, and clarify the roles of participant share and state contribution. Additionally, a thorough explanation of the participants in the system's rights, deductions, and taxation will be provided. Through this program, participants will gain knowledge of the private pension system, understand its benefits and drawbacks, and learn how to take full use of it.