Biographical Info:
In Pakistan, pension plans offer a structured way to save for retirement, ensuring financial security in later years. The Voluntary Pension Scheme (VPS), introduced by the Securities and Exchange Commission of Pakistan (SECP), allows individuals to contribute to retirement savings with tax benefits. Various banks and financial institutions offer pension plans, including the National Pension Scheme (NPS) and corporate-sponsored plans. These plans provide flexible contribution options, investment choices, and lump-sum or monthly payouts post-retirement. For freelancers, salaried individuals, and self-employed professionals, pension plans in Pakistan serve as a reliable tool for long-term financial stability.
