Voluntary Pension Scheme (VPS)
Shariah Compliant Competitive Returns with Complimentary Takaful Coverage.
Retirement planning is essential for a secure and comfortable future, yet many overlook its importance. Pak-Qatar Islamic Pension Savings Fund (PQIPSF) offers a Shariah-compliant, flexible, and tax-efficient way to build your retirement savings. As part of the Voluntary Pension Scheme (VPS), it allows you to allocate your contributions across equity, income, and money-market sub-funds—customized to your risk appetite and financial goals. Backed by Pakistan’s first Takaful company to offer a Voluntary Pension Scheme, PQIPSF ensures financial stability post-retirement, so you can continue enjoying life without financial stress. With the potential for superior returns and exclusive tax benefits under prevailing laws, this is an opportunity to invest wisely for a secure and prosperous future. Start planning today and take control of your retirement!
Plan Your Retirement
Today, For A Better Tomorrow
Invest today & get regular Income when you retire
Core Benefits
Unlock financial security and peace of mind through a host of benefits
Tax-Free-Growth
in Investment
Post-retirement
monthly income option
Free-Takaful
Coverage
Long term savings
solution
Flexible-contributions
pre-retirement
Value Added Discounts
Protecting every chapter of your life
Steps to Avail Tax Credit
Step 1: Invest
Invest up to 20% of your taxable income in
the Pak-Qatar Voluntary Pension Scheme (VPS)
Step 2: Tax Credit
Avail tax credit on your investment.
Salaried Individual
Avail tax credit on your investment.
Monthly Salary
Annual Salary
Annual Income Tax
Effective Tax Rate
VPS Investment Permissible for Tax Credit – PKR
Maximum Tax Credit Amount – PKR
50,000
600,000
0
0.00%
120,000
0
100,000
1,200,000
30,000
2.50%
240,000
6,000
200,000
2,400,000
210,000
8.75%
480,000
42,000
300,000
3,600,000
390,000
10.83%
720,000
78,000
400,000
4,800,000
678,000
14.13%
960,000
135,748
500,000
6,000,000
1,068,000
17.80%
1,200,000
213,600
1,200,000
14,400,000
4,134,000
28.71%
2,880,000
826,848
2,000,000
24,000,000
8,641,500
36.00%
4,800,000
1,728,000
3,500,000
42,000,000
14,915,000
35.51%
8,400,000
2,983,000
5,000,000
60,000,000
24,153,000
37.15%
12,000,000
4,458,360
Non-Salaried Individual
Avail tax credit on your investment.
Monthly Income
Annual Income
Annual Income Tax
Effective Tax Rate
VPS Investment Permissible for Tax Credit – PKR
Maximum Tax Credit Amount – PKR
50,000
600,000
0
0.00%
120,000
0
75,000
900,000
45,000
5.00%
180,000
9,000
100,000
1,200,000
90,000
7.50%
240,000
18,000
150,000
1,800,000
162,000
9.00%
360,000
32,400
200,000
2,400,000
240,000
10.00%
480,000
48,000
300,000
3,600,000
468,000
13.00%
720,000
93,600
1,250,000
15,000,000
6,424,000
42.83%
3,000,000
1,284,900
| Monthly Salary | Annual Salary | Annual Income Tax | Effective Tax Rate | VPS Investment Permissible for Tax Credit - PKR | Maximum Tax Credit Amount - PKR |
|---|---|---|---|---|---|
| 50,000 | 600,000 | 0 | 0.00% | 120,000 | 0 |
| 100,000 | 1,200,000 | 30,000 | 2.50% | 240,000 | 6,000 |
| 200,000 | 2,400,000 | 210,000 | 8.75% | 480,000 | 42,000 |
| 300,000 | 3,600,000 | 390,000 | 10.83% | 720,000 | 78,000 |
| 400,000 | 4,800,000 | 678,000 | 14.13% | 960,000 | 135,748 |
| 500,000 | 6,000,000 | 1,068,000 | 17.80% | 1,200,000 | 213,600 |
| 600,000 | 7,200,000 | 1,785,000 | 24.79% | 1,440,000 | 357,000 |
| 1,200,000 | 14,400,000 | 4,134,000 | 28.71% | 2,880,000 | 826,848 |
| 2,000,000 | 24,000,000 | 8,641,500 | 36.00% | 4,800,000 | 1,728,000 |
| 3,500,000 | 42,000,000 | 14,915,000 | 35.51% | 8,400,000 | 2,983,000 |
| 5,000,000 | 60,000,000 | 24,153,000 | 37.15% | 12,000,000 | 4,458,360 |
Avail tax credit on your investment.
| Monthly Income | Annual Income | Annual Income Tax | Effective Tax Rate | VPS Investment Permissible for Tax Credit – PKR | Maximum Tax Credit Amount – PKR |
|---|---|---|---|---|---|
| 50,000 | 600,000 | 0 | 0.00% | 120,000 | 0 |
| 75,000 | 900,000 | 45,000 | 5.00% | 180,000 | 9,000 |
| 100,000 | 1,200,000 | 90,000 | 7.50% | 240,000 | 18,000 |
| 150,000 | 1,800,000 | 162,000 | 9.00% | 360,000 | 32,400 |
| 200,000 | 2,400,000 | 240,000 | 10.00% | 480,000 | 48,000 |
| 300,000 | 3,600,000 | 468,000 | 13.00% | 720,000 | 93,600 |
| 500,000 | 6,000,000 | 1,170,000 | 19.50% | 1,200,000 | 234,000 |
| 1,250,000 | 15,000,000 | 6,424,000 | 42.83% | 3,000,000 | 1,284,900 |
All figures in PKR
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Notes and Disclaimer
* Terms and conditions apply
Note
- Returns are subject to State Bank of Pakistan (SBP) Policy Rate.
- Payment of contribution in cash is not allowed.
- The Participant on submission of a written request, may cancel the Membership within 14 days of issuance of the Membership if he or she is not satisfied with any terms and conditions of the Plan.
Disclaimer
As per section 63 of the income tax ordinance 2001, an eligible person joining Pak-Qatar Family Takaful - Voluntary Pension Scheme can avail tax credit up to 20% of the (eligible) person’s taxable income for the relevant tax year. In view of Individual nature of tax consequences each participant is advised to consult with his/her tax advisor with respect to specific tax consequences of contribution in the Scheme
