Personal Pension Plan

Your Guide to the New Personal Pension Plan (PPP)

The Personal Pension Plan (PPP) is a new, flexible, and more inclusive way for Nigerians to save for their future. Introduced by the National Pensions Commission(PenCom), it replaces the old Micro Pension Plan and now also covers all Voluntary Contributions. If you’re self-employed, run a business, work irregular hours, or simply want to grow your pension faster, PPP is designed with you in mind.

What Makes PPP Different?

PPP gives you the freedom to save at your own pace. Whether you earn daily, weekly, or monthly, you can contribute any amount that works for you, no pressure, no fixed minimums. This makes it ideal for artisans, freelancers, traders, professionals, and even salaried workers who want an additional savings structure.

Easy Access When You Need It

One of the biggest advantages of PPP is how accessible your money is. You can withdraw up to 50% of your contributions after just three months of your first payment. This provides a safety net for emergencies, business needs, school fees, or life’s unexpected expenses.

Your Savings Grow While You Focus on Life

All contributions under PPP are invested to help your funds grow over time. By default, you start in the conservative PPP Fund 5A, designed to protect your money while offering steady returns. If you’re comfortable with taking a little more risk, you can opt for PPP Fund 5B, which has higher growth potential. Either way, your savings continue working for you and is hedged against inflation.

Designed for Every Stage of Life

PPP isn’t just for adults; parents and guardians can now open a PPP account for their wards. The account automatically transfers to the child once they turn 18, giving them an early start toward financial security.

At retirement (from age 50 and above), you’ll have full access to your savings. You can choose to withdraw everything at once or receive regular payments that support you in your retirement years.

Simple, Convenient, and Secure

Registration is easy. All you need is your NIN and phone number. Contributions can be made through transfers, USSD, POS, or directly from the FidApp Plus mobile app. Your money is held safely by licensed Pension Fund Custodians and regulated strictly by PenCom, so you’re protected every step of the way.

Why PPP Matters

Life can be unpredictable, but your savings and hence cash flow  don’t have to be. PPP combines flexibility, accessibility, and long-term growth in a way that fits real lifestyles and real incomes. Whether you’re starting small or saving consistently, PPP ensures that every contribution takes you closer to a more secure future.