Roshan Pension Plan

Overseas Pakistanis can now financially secure their post-retirement life under Roshan Pension Plan

For the first time in Pakistan, State Bank of Pakistan (SBP) has launched Roshan Pension Plan (RPP) being an exclusive product for Non-Resident Pakistanis (NRPs) and Pakistani Origin Card (POC) holders to digitally and remotely contribute to RPP to financially secure their post-retirement life in Pakistan. Through RPP, they can enjoy an exclusive pension plan with zero front-end load and back-end fee and minimal fund management fee of up to 1.5%.

The Roshan Pension Plan (Voluntary Pension System Rules, 2005) is a self-contributory defined contribution pension scheme open to all NRP Rupee Value Account (NRVA) holders of 18 - 70 years of age. Our valued NRPs pursuing a job or being self-employed abroad can avail this product by contributing as low as PKR 10,000/- at a frequency of their own convenience and start building up their financial assets to enjoy regular stream of income after retirement. Contributions in RPP shall become part of an investment pool/fund which will provide a regular source of earning during the post-retirement life.

The end to end digital process and simplified mechanism makes it a convenient and efficient process for NRPs to contribute in RPP through their NRVA or RDA at a given frequency with authorized pension fund manager or asset management company affiliated with the RDA bank.

Eligibility

Non-Resident Individual Pakistani
Pakistan Origin Card Holder
Age between 18 years to 70 years
Employed or self-employed abroad

Key Features

Contribute remotely and digitally

Regular source of income after retirement

Self-selected frequency for making contribution

Minimum possible contribution of as low as PKR 10,000/-

No fee on premature redemption

No front-end load & back-end fee

Minimal fund management fee of up to 1.5%

Free of cost transferability from one pension fund manager to another

Risk Allocation Schemes

RPP is a pension fund scheme that aims to generate higher long-term returns on contribution or investment plans according to the risk appetites of the participants. The participants can contribute toward their RPP at their own convenience. NRPs can redeem their RPP any time after 25 years from date of initial contribution or at their opted retirement age from 60 years or beyond. For NRVA holders, there are three allocation schemes available under RPP as shown below:

RISK LEVEL	EQUITY SUB FUND	DEBT SUB FUND	MONEY MARKET SUB FUND
Medium Volatility	50%	40%	10%
Low Volatility	25%	60%	15%
Lower Volatility	NIL	50%	50%

RPP participants may switch between the above three types of plans as per their choice. Further, they can transfer their RPP account from one pension fund manager to any other pension fund manager anytime without any fee or tax implications.

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