Pension Plans for Retirement (Available for Overseas and Resident Pakistanis) | Wali Khan

by | Mar 21, 2024 | Retirement Pension | 16 comments

Pension Plans for Retirement (Available for Overseas and Resident Pakistanis) | Wali Khan




Roshan pension scheme is launched recently from the government of Pakistan to facilitate the overseas Pakistanis to take part in pension schemes – We shall have a look at these plans and are they really worth it? Watch the full video for details.

Link to Meezan pension fund details:

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Retirement planning is crucial for ensuring financial security in later years, especially in a country like Pakistan where the elderly population is on the rise. One of the key components of retirement planning is investing in a pension plan that provides a regular income during retirement. In this article, we will discuss retirement pension plans for overseas and resident Pakistanis, with a focus on the options available to them.

For overseas Pakistanis, there are several pension plans that they can consider investing in to secure their financial future. One popular option is the Overseas Pakistanis Retirement Savings Scheme (OPRSS), which is aimed at providing a regular income to overseas Pakistanis after they retire. This scheme allows overseas Pakistanis to make monthly contributions towards their retirement fund, which is then managed by a designated fund manager. The fund manager invests the contributions in a diversified portfolio of assets to generate returns for the investor.

Another option for overseas Pakistanis is to invest in a private pension plan offered by a financial institution in their country of residence. Many countries have well-established pension systems that offer tax breaks and other incentives for investing in retirement plans. By taking advantage of these plans, overseas Pakistanis can ensure a comfortable retirement without having to rely solely on their savings or government pension schemes.

For resident Pakistanis, there are also multiple retirement pension plans available to help them save for their future. One popular option is the Voluntary Pension System (VPS), which is a tax-efficient retirement savings scheme that allows individuals to contribute towards their pension fund at their own pace. The contributions made to VPS are tax-deductible, meaning that investors can save on their annual tax bills while building a nest egg for their retirement.

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Another option for resident Pakistanis is the Employees Old-Age Benefits Institution (EOBI) pension scheme, which is a government-managed program that provides a pension to retired employees who have contributed to the scheme during their working years. The EOBI pension is based on the contributions made by the employee and the length of their service, with higher contributions resulting in a larger pension payout.

In conclusion, retirement pension plans are an essential part of retirement planning for both overseas and resident Pakistanis. By investing in a pension plan, individuals can ensure a steady income during their retirement years and enjoy a comfortable lifestyle without having to worry about financial insecurity. It is important to research and compare different pension plans to find the best option that suits one’s financial goals and needs. Planning for retirement early and starting to invest in a pension plan as soon as possible can greatly benefit individuals in the long run.

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16 Comments

  1. @arafatawan7

    I'm 35 year old working in saudi arabia as a driver and I don't understand from where to start and how to start

  2. @RasoolKhan78699

    Alfalah Roshan pension plan ki video banayi

  3. @UmerFarooq-ni8kq

    Sir u r just reading the given text while a major population of our overseas is labours?? How would they understand??

  4. @gulzebkhan2621

    Very high management fees at 1.5% so not worth it as the fees will be eating away at your pot. In the UK any pension fund charging more than 1% we stay away from. Most default employer pension schemes charge under 1% nowadays.

  5. @chtpx9325

    to me you are using alien language

  6. @nazeerahmadsafi2339

    Sir. Meezan takaful plan par aik video banavo takaful ke faieyde keya hai

  7. @Aaftab1

    GSF is gold fund

  8. @Aaftab1

    I have opened a meezan bank pension plan but the contribution mechanism is still very difficult for overseas Pakistanis.

  9. @codewithovi997

    Sir, you are a great inspiration and because of you, i have made my own portfolio on psx. Now i also want to invest in NBP money market fund but i don’t have any local account except RDA. I have tried to open a local account but all in vain. Do you know any way through regarding opening a local bank account without going to pakistan

  10. @robin4197

    Sir is there retirement scheme by bank in UAE or how can we retire in uae ??

  11. @muhammadhaseeb8898

    The revised tax credit is up to a maximum of 20% for mutual fund investment.

  12. @asifm9434

    Yes u r right, No tax rebate for mutual funds/insurance policy. Only pension fund upto 20 percent. Minimum amount is 1000 Rs in Meezan pension. I believe every investor be it oversee pakistani or local should invest in these schemes as part of diversification.
    Blue chip stocks + mutual funds + Pension funds + Property + RDA certificates. Such schemes will support oversee Pakistanis as well as Pakistan in general.

  13. @kaaaah2003

    Not only retirement, one has to plan last WILL, funeral/last rite. We don't take seriously resulting lots of complexity for heirs particularly women in families.

  14. @Hanafimaslak-UK

    Best retirement plan is to invest 5000 a month in 5 good stocks share in pak stock market for next 20 years…

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