Retirement planning is one of the most important life-stage goals! Yet, many of us are unable to plan prudently to ensure we have a comfortable and hassle-free post-retirement life. We can help you plan your retirement in a convenient and efficient way.
Meezan Tahaffuz Pension Fund is Pakistan’s first and the largest Shariah Compliant Voluntary Pension Scheme. MTPF is the best way to save and invest for your post-retirement needs and it has the potential to deliver superior returns with the added advantage of providing immense Tax Benefits* which significantly enhances the yield on your investment.
*As per prevailing tax laws
The Fund seeks to provide participants a regular Halal income stream after retirement/disability when they can no longer earn regular income to support their living so that they are not dependent on other members of the society.
Contributions in MTPF are invested in various Shariah compliant instruments to earn Halal returns and create wealth over the entire work life of the participant in accordance with the investment policy of MTPF. You can invest money regularly or you can make lump-sum payments as and when you want.
You can choose from a wide range of investment options; the one that is most suitable for you will depend on your retirement goals, age and your appetite for risk. Your payments will be invested in the particular scheme that you choose with the aim of growing your individual pension account.
*Investors are encouraged to consult their Investment advisors prior to investing in the product.
| Scheme Name | Meezan Tahaffuz Pension Fund |
|---|---|
| Scheme Type | Open-end Islamic Voluntary Pension Scheme |
| Date of Inception | June 28, 2007 |
| Fund Size – January 31st, 2024 | Rs. 20.68 Billion |
| Allocation Schemes | Six Asset Allocation Schemes:
|
| Minimum Investment Amount | Rs.1,000 |
| Lock-in Period | No lock-in (investor will be taxed on redemption), however a commitment to remain invested till retirement is the essence of the scheme |
| Management Fee | Meezan Tahaffuz Pension Fund (Debt): 0.50% Meezan Tahaffuz Pension Fund (EQ): 1.50% Meezan Tahaffuz Pension Fund (GSF): 1.30% Meezan Tahaffuz Pension Fund (MM): 0.50% |
| Entry Load | 3% |
| Exit Load | Nil |
| Rebalancing Frequency | Semi-Annually*
*exceptions may apply in compliance with Offering Document |
| Tax Benefits | EET Structure – Tax Exempt on Contributions – Tax Exempt earnings throughout the Investment Period – At the time of retirement Tax free withdrawal on 50% of accumulated amount, remaining 50% can be used for Monthly Income Payment Plan* or purchase of Annuity from a Life Insurance Company*Disbursement of MIPP is subject to applicable Tax laws. |
| With Gold | Equity Sub Fund | Debt Sub Fund | Money Market Sub Fund | Gold Sub Fund |
|---|---|---|---|---|
| High Volatility | Min 40% | Min 20% | Nil | Max 25% |
| Medium Volatility | Min 20% | Min 40% | Min 10% | Max 15% |
| Low Volatility | Min 05% | Min 60% | Min 15% | Max 05% |
| Lower Volatility | Nil | Min 40% | Min 40% | Nil |
| Without Gold | Equity Sub Fund | Debt Sub Fund | Money Market Sub Fund |
|---|---|---|---|
| High Volatility | 80% | 20% | Nil |
| Medium Volatility | 50% | 40% | 10% |
| Low Volatility | 25% | 60% | 15% |
| Lower Volatility | Nil | 50% | 50% |
| Life Cycle Plan | ||||
| Automatically adjusts your allocation from High Risk assets towards Lower Risk based on your age profile | ||||
| Variable Volatility | 0-100% | 0-100% | 0-100% | 0-100% |
| FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MTPF – Equity Sub Fund | 0.21% | -9.93% | 34.72% | 5.97% | -23.7% | -16.5% | 20.4% | 18.1% | 26.6% | 32.4% | 54.9% | 16.8% | 36.0% | 31.50% |
| MTPF – Debt Sub Fund | 14.39% | 8.34% | 7.37% | 10.99% | 7.0% | 2.8% | 4.9% | 4.5% | 6.4% | 7.7% | 8.3% | 9.5% | 10.9% | 8.50% |
| MTPF – Money Market Sub Fund | 15.87% | 8.26% | 5.19% | 9.92% | 7.3% | 2.9% | 4.4% | 4.0% | 6.9% | 6.9% | 7.8% | 10.9% | 10.7% | 8.50% |
| Benefit | Cause of Event | Takaful Sum per Investor Covered |
|---|---|---|
| Basic Death Benefit | Natural or Accident | Equal to the investment amount of each individual subject to Max of Rs. 5,000,000 per investor |
| Accidental Death Benefit (ADB) | Accident only | Equal to the investment amount of each individual subject to Max of Rs. 5,000,000 per investor in addition to Basic Death Benefit |
| Permanent Total Disability (PTD) | Accident only | Equal to the investment amount of each individual subject to Max of Rs. 5,000,000 per investor |
| Accidental Medical Expense | Accident only | 20% of investment amount of each individual subject to Max of Rs. 1,000,000 per investor |
Note: For details on Tax Credit, please Click Here
