Flexible Pension Plan for All
Whether you are an entrepreneur, freelancer, artisan, trader, or a professional, you can save for retirement in a way that suits your income and lifestyle.
What is the Personal Pension Plan (PPP)?
The Personal Pension Plan (PPP) is a flexible retirement savings scheme designed for individuals outside formal employment, including self-employed professionals, freelancers, artisans, traders, and informal sector workers. It replaces the former Micro Pension Plan (MPP) with improved features and wider coverage.
PPP enables Nigerians to save consistently for retirement regardless of income stability, providing financial security in old age.
Features of Personal Pension Plan (PPP):
- Financial independence in retirement: Builds savings over time.
- Contribution flexibility: Pay when you earn.
- Partial withdrawal options: Access to a portion of savings under approved conditions.
- Tax advantages: Potential tax benefits where applicable.
- Inclusive pension coverage: Extends pension benefits to millions of informal workers.
Benefits of Personal Pension Plan (PPP):
- Financial independence in retirement: Builds savings over time.
- Contribution flexibility: Pay when you earn.
- Partial withdrawal options: Access to a portion of savings under approved conditions.
- Tax advantages: Potential tax benefits where applicable.
- Inclusive pension coverage: Extends pension benefits to millions of informal workers.
Who is Eligible for PPP?
- Self-employed individuals and entrepreneurs.
- Freelancers, artisans, and informal sector workers.
- Traders, transport operators, creatives, and gig workers.
- Formal sector employees seeking additional voluntary contributions.
