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Frequently Asked Questions

Micro Pensions Account

Micro Pension banner

Micro Pensions is specifically designed for the individuals in the informal sectors, so that they can also participate and benefit from the scheme towards a blissful retirement

 

 

 

Some of the benefits

Safety

Stanbic IBTC Pension Managers Limited is backed by strong and reputable financial institutions

Convenience

Ease of Account Access via Internet, telephone, e-mail and SMS, as well as ease of retirement pay-outs

Track Record

The Stanbic IBTC Group has been managing funds for companies and individuals for over 2 decades

Returns

Enjoy good and competitive returns on your pension investment
Eligibility criteria
  • Self Employed 
  • Persons working for organizations that are unstructured (registered or unregistered) 
  • Persons with irregular income and  
  • Persons with limited or no access to financial services
How to Register

To open a Micro Pension Account, you would need the under listed

  • A Completed RSA Registration Form  
  • A Passport Photograph against a white background 
  •  Your Means of Identification (National Identification Management Commission (NIMC) Slip, Permanent voters' card or international passport) 
  • Bank Verification Number (BVN) 


Or any of the following 

  • Evidence of membership of a registered association, union or cooperative society 
  • Letter of Employment 
What Should I Know
  • Your Personal Identification Number (PIN) will be generated upon registration and you will be advised via SMS or email. 
  • You can contribute to your retire well account at periodic intervals (weekly, monthly or quarterly) 
  • All your contributions are invested on your behalf so your funds would continue to yield returns.  
  • You can access the contingent part of your contributions, which is 30% of the amount contributed. 
  • Eligibility criteria
  • How to Register
  • What Should I Know
  • Self Employed 
  • Persons working for organizations that are unstructured (registered or unregistered) 
  • Persons with irregular income and  
  • Persons with limited or no access to financial services

To open a Micro Pension Account, you would need the under listed

  • A Completed RSA Registration Form  
  • A Passport Photograph against a white background 
  •  Your Means of Identification (National Identification Management Commission (NIMC) Slip, Permanent voters' card or international passport) 
  • Bank Verification Number (BVN) 


Or any of the following 

  • Evidence of membership of a registered association, union or cooperative society 
  • Letter of Employment 
  • Your Personal Identification Number (PIN) will be generated upon registration and you will be advised via SMS or email. 
  • You can contribute to your retire well account at periodic intervals (weekly, monthly or quarterly) 
  • All your contributions are invested on your behalf so your funds would continue to yield returns.  
  • You can access the contingent part of your contributions, which is 30% of the amount contributed. 
We also offer
Expression of interest
Expression of Interest

Thinking about joining the Stanbic IBTC Family? We would be very glad to have you on board. As an end to end financial service provider, we have financial products and services that would help you RetireWell®. Click below to start your journey to a rewarding relationship

Making Voluntary contribution image
Contributing to a Retirement Savings Account

Your employer is mandated by the Pension Reforms Act (PRA) to make contributions from your salary into your Retirement Savings Account (RSA) in the following proportions: Employee 8% and Employer 10%. These contributions are made to our bank account on your behalf and a schedule of contribution detailing beneficiaries of the contributions as well as their RSA details