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Minimum contribution starts from PKR 500
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100% waiver on sales load fee
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Individual pension account maintained in the participant’s name
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Flexible investment – contribute anytime without penalties for missed deposits
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Management fee capped at only 1.5%, charged by AMIM
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Multiple Pension Allocation Schemes available to match investment preferences and risk appetite:
Pension Allocation Scheme |
Equity Sub Fund |
Debt Sub Fund |
Money Market Sub Fund |
|---|---|---|---|
| Medium Volatility | Min. 35% | Min. 40% | Min. 10% |
| Low Volatility | Min. 10% | Min. 60% | Min. 15% |
| Lower Volatility | Nil | Min. 40% | Min. 40% |
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Must be a Roshan Digital Account (NRVA) holder
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Valid CNIC, NICOP, or POC
NRVA holders can open a Pension Account in ABL Pension Funds by visiting the following link:
Q1. What is the Roshan Pension Plan (RPP)?
The Roshan Pension Plan is a voluntary retirement savings initiative available to overseas Pakistanis through their Roshan Digital Account (RDA). Managed by a licensed Pension Fund Manager under the Voluntary Pension System Rules, 2005, the RPP allows employed or self-employed individuals—or their employers—to contribute regularly toward retirement. It is a self-contributory, defined contribution scheme where savings are invested during one’s working years, building a fund that provides monthly income post-retirement.
Q2. Who is a Participant?
A Participant refers to an NRVA (Non-Resident Pakistani Value Account) holder who contributes—or on whose behalf contributions are made—to the pension fund under the voluntary pension scheme.
Q3. Who is the Pension Fund Manager?
A Pension Fund Manager is a SECP-authorized asset management or life insurance company responsible for managing contributions and investments under the pension fund, in compliance with regulatory conditions.
Q4. Is an RDA holder eligible to invest in RPP?
Yes, all Roshan Digital Account holders with an NRVA, a valid CNIC/NICOP/POC, and a verifiable source of income are eligible to invest in RPP.
Q5. What is the age limit for participating in RPP?
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Minimum Age: 18 years
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Maximum Age: 70 years
Q6. What are ABL Mustaqbil Pension Fund and ABL Mustaqbil Islamic Pension Fund (ABL PF / ABL IPF)?
These are voluntary pension funds registered under the VPS Rules, 2005. Both are managed by ABL Asset Management Company Limited (ABL Funds), acting as the Pension Fund Manager.
Q7. What is ABL Asset Management Company Limited?
ABL Funds is a licensed Non-Banking Finance Company (NBFC), incorporated in 2007, and registered with SECP. It is authorized to offer asset management, investment advisory, and pension fund management services. Rated ‘AM2++’ by VIS Credit Rating Company, ABL Funds is recognized for high management quality and professional investment oversight.
Q8. How can I contribute to the RPP?
NRVA holders can open a Pension Account by visiting:
https://rda.abl.com/#/customer-onboarding?customerType=RDA
Q9. What is the minimum initial contribution amount?
PKR 500 only.
Participants should assess their future retirement income needs and calculate a suitable monthly saving to accumulate a sustainable post-retirement income.
Q10. What Pension Allocation Schemes are available under RPP?
Participants may choose from the following investment allocations:
| Allocation Scheme | Equity Sub Fund | Debt Sub Fund | Money Market Sub Fund |
|---|---|---|---|
| Medium Volatility | Min. 35% | Min. 40% | Min. 10% |
| Low Volatility | Min. 10% | Min. 60% | Min. 15% |
| Lower Volatility | Nil | Min. 40% | Min. 40% |
Q11. Can I change my allocation scheme?
Yes, participants may adjust their allocation at any time during the year.
Q12. Where will ABL Funds invest my contributions?
Funds are invested in approved equity, income, and money market instruments, both conventional and Shariah-compliant, in accordance with SECP regulations and Shariah Advisor guidance.
Q13. Is there any Sales Load?
Sales Load is 100% waived under Roshan Pension Plan.
Q14. Is there any Backend Load?
No, there is no backend load for RPP, ABL PF, or ABL IPF.
Q15. What is the Management Fee for RPP?
Management Fee is up to 1.5% per annum of the fund’s Net Asset Value (NAV).
Q16. How is NAV calculated?
NAV per Unit = (Market Value of Assets – Liabilities) ÷ Total Outstanding Units
The sale/redemption price may vary based on Sales or Backend Load. Updated NAV is published daily on the fund manager’s website.
Q17. What is the rate of return?
Returns are market-driven and disclosed monthly in the Fund Manager Report (FMR), available at www.ablfunds.com.
Q18. How often can I contribute?
Contributions can be made anytime, based on the participant’s convenience.
Q19. Will profit be distributed monthly or yearly?
No direct profit is distributed. Earnings are reinvested and accumulated. Upon retirement or early withdrawal, funds can be redeemed subject to applicable tax laws.
Q20. What is the maturity period for RPP?
The scheme matures at:
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The age of 60–70 years, or
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25 years from the first contribution date, whichever comes first.
Participants may redeem funds earlier, subject to taxes.
Q21. What are my options at maturity?
Participants may:
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Withdraw up to 50% tax-free as a lump sum.
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Opt for Monthly Income Payment Plan (MIPP) until age 75.
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Purchase an annuity through a Life Insurance or Takaful provider.
Q22. What if a participant dies or becomes disabled before retirement?
In case of death: Funds are distributed to legal heirs or transferred into their pension accounts as per succession laws.
In case of disability: The participant is treated as retired and receives applicable retirement benefits.
Q23. What is the tax treatment for withdrawals above 50%?
Amounts exceeding 50% at retirement are subject to tax at the participant’s average tax rate of the preceding three years.
Q24. Is withdrawing 50% mandatory at retirement?
No. Participants may allocate 100% of the funds to MIPP or withdraw up to 50% tax-free.
Q25. What if I withdraw before retirement?
Early withdrawals are allowed but subject to applicable taxes based on the average tax rate of the last three years.
Q26. How is the monthly withdrawal under MIPP calculated?
Withdrawals can be structured using:
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Systematic Withdrawal Option
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Actual Appreciation + Fixed Amount
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Balance to Remaining Months Method
Q27. What happens if a MIPP participant dies?
The successor(s) may either:
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Continue the MIPP by converting funds to their name, or
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Withdraw, subject to tax per applicable law.
Q28. How are Pension Funds different from mutual funds?
Pension funds are governed by VPS Rules, 2005 and offer tax benefits under Section 63 of the Income Tax Ordinance, 2001. In contrast, mutual funds operate under NBFC Regulations, 2008.
Q29. Is Zakat deducted under RPP?
No. As per SBP clarification, Roshan Digital Accounts are not subject to compulsory Zakat deduction under Rule 24-A of the Zakat Collection & Refund Rules, 1981.
Q30. How is the safety of my investment ensured?
RPP funds are professionally managed by ABL Asset Management Company Ltd., backed by Allied Bank, and supervised by SECP and Shariah Advisors.
Q31. Will I receive physical unit certificates?
No. RPP only issues digital records of investment units.
Q32. How often will I receive account statements?
E-statements are issued after each transaction and monthly. Participants may also request them anytime.
Q33. Can I transfer my pension fund to another Pension Fund Manager?
Yes, fund transfers are allowed under VPS Rules.
Q34. Can I change my retirement age?
Yes. A written request may be submitted to revise retirement age, up to a maximum of 70 years.
Q35. Can I open another Pension Account after retirement?
Yes, subject to the participant being under 70 years of age.
“For Suggestions and Queries, please write to us at [email protected]”
“For complaints, please write to us at ([email protected]) or ([email protected])”