Final days for state contribution in BES: A 93 thousand lira opportunity is slipping away
Time is running out for those who want to receive the full state contribution for 2025 in the Private Pension System (BES). For those who make payments before the year ends, the state provides a contribution of 30 percent of the deposited amount, exceeding 93 thousand lira.
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The final days of the year are of critical importance for millions of people who are included in or planning to join the Private Pension System (BES). By making payments before December ends, it is possible to benefit from the upper limit of the state contribution for 2025.
To fully benefit from the state contribution in BES, payments must enter the system before the year ends. Otherwise, the advantage granted for this year is missed.
STATE CONTRIBUTION IS AT A RATE OF 30 PERCENT
To encourage private pension savings, the state provides a 30 percent support for every contribution deposited into BES. For example, for a participant who deposits 1,000 lira into the system, 300 lira is added by the state. Thus, the total savings reach 1,300 lira.
WHAT IS THE UPPER LIMIT FOR THE STATE CONTRIBUTION?
The state contribution is not unlimited. According to the regulation, this support is capped at 30 percent of the annual gross minimum wage.
Since the gross minimum wage is applied as 26 thousand 5 lira in 2025, the maximum state contribution that can be received if a total contribution of 312 thousand 60 lira is deposited throughout the year is 93 thousand 618 lira.
A person who makes a monthly BES payment of 26 thousand 5 lira is considered to have reached the upper limit for the state contribution by the end of the year.
ONLY 3 DAYS LEFT
Those who have a BES account but have not made sufficient payments during the year can qualify for the 93 thousand 618 lira state contribution by completing the missing amount before the year ends.
Those who do not yet have a BES account can benefit from the maximum state contribution if they start the system immediately and make a payment of 312 thousand 60 lira.
BES ADVANTAGE THROUGH FAMILY
The Private Pension System can be set up not only on an individual basis but also on behalf of family members. In the event that BES payments are made at the upper limit for a family of three, the total state contribution can reach up to 280 thousand 854 lira.
DEPOSITING THE FULL AMOUNT IS NOT MANDATORY
It is not necessary to pay up to the upper limit to benefit from the state contribution in BES. For example, a participant who deposits a contribution of 100 thousand lira can receive approximately 30 thousand lira in state support in return.
PAY ATTENTION TO THE PAYMENT METHOD
The method used for BES payments is also of great importance. There are no issues with payments made in cash or directly from an account. However, with payments made by credit card, the money may enter the system late due to the value date period.
As the final days of the year are approaching, payments made by credit card may not be reflected in the system on time, which can lead to missing out on the state contribution. For this reason, experts recommend preferring cash or wire transfer methods for year-end payments.