Overview

The Enterprise Personal Pension Plan is a tax-privileged individual retirement investment plan that is geared towards enhancing retirement benefit for all Ghanaians both in the formal and informal sector. Workers in the informal sector that is, self-employed individuals who are not covered by the mandatory pension schemes are also catered for under this scheme. 

Features

Formal sector Workers

• The Plan allows formal sector workers to make additional contributions outside the mandatory schemes and any provident fund scheme.
• Minimum savings period is 10 years.

Informal Sector Workers

• Contributions from informal sector workers are apportioned into two different accounts based on the individual’s preference that is a Savings Account and Pension Account.
• Persons above 60 years can opt to have a pure savings account