Being your own boss comes with freedom and flexibility, but it also means taking full responsibility for your future. If you’re self-employed, a freelancer, or run a small business, planning for retirement might not be top of mind. However, the Personal Pension Plan (PPP) is designed just for you.
1. What is the Personal Pension Plan? Launched by the National Pension Commission (PENCOM) in 2019, the PPP allows individuals in the informal sector to contribute to a pension scheme, ensuring financial security in retirement.
2. Why Should You Consider It?
- Flexibility: Contribute any amount, at any time.
- Security: Funds are managed by licensed PFAs and regulated by PENCOM.
- Accessibility: Withdraw a portion of your savings before retirement for emergencies.
3. Impressive Growth: As of Q3 2024, over 164,000 individuals had registered for the Personal Pension Plan, with total contributions exceeding ₦967 million. This growth underscores the increasing awareness and adoption of the scheme among self-employed Nigerians. We hope you are one of them.
4. How to Get Started:
1. Email us at info@leadway-pensure.com or call 02-01-2800800/ 07007367873 to request a form.
2. Register: Provide necessary identification and complete the registration process.
3. Contribute: Start making contributions at your convenience.
Conclusion
Planning for retirement isn’t exclusive to those in formal employment. With the Personal Pension Plan, you can take proactive steps towards a secure financial future, regardless of your employment status.