Because everyone deserves a pension irrespective of level or frequency of their income streams, the Micro Pension Plan (MPP) was officially launched to further deepen financial inclusion in the Nigerian financial system.

The MPP enables self-employed individuals and employees who were hitherto ineligible to participate in the predominantly formal contributory pension scheme to open, fund and enjoy the benefits of a Retirement Savings Account.

The Micro Pension Plan is suitable for individuals in the following sectors of the economy:

1. Owners of Small and Medium Scale Enterprises (SMEs)
2. Practitioners in the movie and performing arts industry
3. Musicians, composers and song writers
4. Artist managers and other personal staff
5. Members of trade unions, market associations and guilds
6. Artisans and single office professionals
7. Other qualifying members of the informal sector

The MPP is flexible and takes into consideration the needs of the participants in the informal sector by allowing contributions to be made into the account on a daily, weekly and monthly basis with no minimum or maximum amount (single contributions of up to N500,000 will be reported in line with anti-money laundering laws).

Also every contribution in the Micro Pension Plan account will split into a contingent fund (40%) which can be withdrawn at any time 3 months after the first contribution date and the retirement fund (60%) which can only be assessed at retirement.

Make Micro Pension contributions through the following platform:

Walk into any Access bank branch to make payment across the counter.
Criteria for making payment is your Micro Pension RSA PIN and your mobile number.

To signup for Micro Pension online Click here

This simply allows RSA holders to make additional contributions beyond the statutory employee/employer monthly contributions.

How To Remit VC:

• Contributions can be made direct from payroll, by advising the payroll officer of additional deductions from salary
• Contributions can also be remitted directly at any First Bank branch nationwide.

Simply:

• Download and complete a payment schedule
• Complete a payment teller at the counter
• Notify us of the payment by sending a copy of the teller and schedule to [email protected] or drop the copies at any of our branches nearest to you

You will be notified by sms or email of your transaction.