Pension Products & Asset Classes
Explore our certified contributory pension structures designed for public employees, private corporate professionals, and self-employed micro-enterprises.
Retirement Savings Account (RSA)
The primary savings system mandated under the Nigerian Pension Reform Act (PRA 2014) for all companies with 3 or more employees, as well as public civil servants.
- 18% Monthly salary contribution (10% Employer, 8% Employee).
- Complete safety with assets managed separate from PFA operational capital.
- Programmed withdrawal or Annuity options at retirement.
Why Register RSA with PenAm?
Ready transfer assistance to migrate your existing account via the PenCom transfer window.
Instant portal log to view statements, track deposits, and update personal data recapture profiles.
Additional Voluntary Contribution
An optional contribution mechanism enabling active RSA cardholders to save additional funds. Accelerated compound wealth growth combined with tax relief benefits.
- Tax-exempt investments on both deposits and returns.
- Flexible savings limits customized by the employee.
- Access up to 50% of voluntary funds prior to retirement.
Tax Optimization & Flexibilities
AVC contributions are deducted from salary before income tax is calculated. Under PenCom guidelines, if AVC funds remain in the account for up to 5 years, any withdrawals are completely tax-exempt.
Personal Pension Plan (PPP)
Rebranded from Micro Pension Plan (MPP) under the September 2025 PenCom guidelines, this specialized savings plan is tailored for self-employed individuals, traders, freelancers, and small business operators.
- Flexible payment intervals: contribute daily, weekly, or monthly.
- Low barrier of entry: start contributions with as low as ₦500.
- Withdraw up to 40% of savings as contingency capital after 3 months.
Flexible Split Structure & 2026 Guidelines
To accommodate self-employed liquidity needs under PPP guidelines, contributions are automatically split into two compartments:
Available for withdrawal for emergencies at any time after 3 months of registration.
Locked and compounded to fund your pension benefits upon attaining 50 years of age.
PenCom Multi-Fund Structure
To optimize returns based on lifecycle and risk tolerance, active accounts are segmented into distinct asset allocation funds.
| Fund Class | Target Demographic | Risk Level | Equities Cap | Fixed Income & Cash Min |
|---|---|---|---|---|
| Fund I (Active) | Younger contributors below 30 years (Optional opt-in) | High Risk / High Return | 75% | 25% |
| Fund II (Active) | Active contributors aged 49 years and below (Default) | Moderate / Growth | 55% | 45% |
| Fund III (Active) | Active contributors aged 50 years and above | Low / Stable | 20% | 80% |
| Fund IV (Retirees) | Retired RSA holders receiving programmed payments | Minimal / Capital Preservation | 10% | 90% |
| Fund V (Personal Pension) | Self-employed personal-pension (PPP) contributors | Balanced / Liquid | 45% | 55% |
| Fund VI (Ethical/Shari'ah) | Contributors preferring non-interest ethical portfolios | Moderate / Ethical | 0% (No interest) | 100% Shari'ah compliant |
