Micro Pension Plan

The Micro Pension Plan (MPP) is a savings plan created for, but not restricted to, self-employed individuals. It is also for persons working in organizations with less than 3 employees.

There is flexibility around the amount to be contributed and the frequency of contribution. Both are at the discretion of the contributor.

The diagram below depicts the importance of starting early and consistency.

What you should know about the MPP

  • Minimum age to start contribution is 18
  • Contributions are made by cash deposit, electronic transfers, through any payment instrument/platform or other financial service agents approved by the Central Bank of Nigeria, into the Pension Fund Custodian (PFC)’s Bank account.
  • The amount and frequency of contributions is at the discretion of the contributor.
  • Every contribution made into the Pension account will split into two comprising 40% for contingent withdrawal and 60% for retirement benefits.
  • Withdrawals can be made (once a week) from the contingent portion 3 months after making the initial contribution. Such payments will be made directly into the bank account provided during registration.
  • The Micro Pension Contributor shall be eligible to access pensions upon retirement and attaining the age of 50 years or on health grounds in accordance with the Regulation for the Administration of Retirement and 

Fund Prices





Our Administrative Fee: View Details ₦100 Normal RSA
₦20 below ₦4,000 for Micro Pension
₦80 above ₦4,000 for Micro Pension

Rate of Returns: View Details FUND I - 6.74%
FUND II – 10.74%
FUND III – 13.51%
FUND IV – 12.22%

Number of RSAs Registered: 691,314