Calculate your accumulation by setting a contribution: The Pension Monitoring Center (EGM)

Calculate your accumulation by setting a contribution

As an IPS participant, you can calculate potential savings and your pension income.

Accumulation Calculation Contribution Calculation

Age

Your current age. Anyone over 18 can join the private pension system. Accumulating early will have a positive impact on your pension income.

Monthly Contribution (TRY)

Regular contribution you can pay monthly. You can change the amount if you wish.

Age You Wish to Retire in IPS

The age at which you will begin to receive your accumulations. You will be entitled to retire with tax incentives when you stay in the system for 10 years and turn 56. However, you do not have to retire at the age of 56. You can extend the accumulation period by increasing the retirement age.

Collected Paid Contribution (TRY)

Collected paid contribution amount that you prefer to pay at the entry to the system, separate from the regular contribution payments.

Annual Contribution Increase (%)

It represents the rate at which your contribution will increase in real terms each year. We recommend increasing your contribution according to your income and retirement needs. It represents an approximate income increase comprising of an annual average increase rate of 5 percent, promotion, income with a higher job opportunity or seniority throughout working life.

Administrative expense fee

The contribution you pay is directed to the investment after this amount is deducted. From the beginning of the system until the end of 2018, the current average administrative expense fee for the private pension system was 1.82 percent.

Fund Management Fee Deduction

Daily One Hundred Thousandth

Annual (%)

Fund management fee deduction is calculated on a daily basis over the net asset value to cover the expenses of the fund portfolio. The fund management fee deduction rate is a maximum of 2.28 percent per annum and is clearly stipulated in the pension contracts.

Annual Real Return (Net %)

Select

Optimistic

Pessimistic

The annual real rate of return that your investments will receive. The annual net real income rate given above is calculated by reducing the fund management fee deduction (FIGK) rate in the annual real return.

Annual Gross Minimum Wage (BAU) Increase (%)

Annual Gross Minimum Wage (BAU) Increase is the annual net increase rate.

Remarks

1. The amount of accumulations you will receive during retirement may vary depending on your funding preferences and return on investment. In the calculation of the accumulations, it is assumed that the participant will make regular monthly contribution payments in an inflation-free environment until the pension period. The values in the accumulation chart contain TRY amounts measured by current purchasing power in an inflation-free environment. After deducting the management fee made on the contribution at the rate specified in the plan, the remaining amount is transferred to the investment with the possible real rate of return. Entrance fee deduction is not factored into the calculations since it is collected independently of the contribution. The same net real return rates found after the deduction of the fund management fee of the returns of pension mutual funds and state contribution funds are used. The sum of the state contribution for the last three months is assumed to be transferred to the account after the retirement of the participant is added to the sum of ‘Cumulative State Contribution (TRY)’ by assuming it shall be paid to the participant without linking remuneration as soon as it is transferred.
2. The annual net real income rate given is calculated by reducing the fund management fee deduction (FIGK) rate in the annual real return.
3. If your annuity policy does not include an arrangement with the heirs and beneficiaries, your salary is not subject to be paid if you die within the expected life from the moment you start to receive a pension. If your annuity policy includes regulations for your legal heirs or beneficiaries, capital return is paid to your legal heirs or beneficiaries for the remaining period of your death. Please contact your company for details.
4. The TRHA 2010 mortality table (For Women/Men) was used in the life expectancy calculation. In accordance with the selected values in the additional parameters section, the Technical Interest Rate and the Charging Rate are both assumed to be 1 percent.
5. Monetary amounts have been calculated at current prices (real).
6. The amounts obtained as a result of the calculations made here are estimates and there is no guarantee that these amounts will be realized.