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Cross Border Arrangement

Working Across Borders?

Your Pension Security Shouldn't Have Limits.

Whether you’re a Nigerian working abroad or a foreign national in Nigeria, Parthian Pensions offers simple and reliable solutions to manage your retirement savings.

Connecting Your Global Life to a Secure Future

Welcome! Choosing your Pension Fund Administrator (PFA) is your right. Transferring your Retirement Savings Account (RSA) to Parthian Pensions is simple, secure, and puts you in control of your retirement savings. We’re here to help every step of the way.

• Nigerians working in the Diaspora.

• Foreign nationals (expatriates) working in Nigeria.

Let us help you navigate your cross-border pension arrangements with the simplicity and support Parthian Pensions is known for.

Living and Working Overseas? Secure Your Future Back Home.

If you are a Nigerian citizen working abroad, you can still build a robust pension for your future in Nigeria with Parthian Pensions.

Stay Connected to Your Roots:

Continue to grow your retirement savings in Nigeria, ensuring financial security for your eventual return or for long-term planning.

How it Works:

You can make Voluntary Contributions (VCs) directly into your Retirement Savings Account (RSA) with us. This is a flexible way to build your pension pot from anywhere in the world.

Benefits:

  • If you don’t have an RSA, you can easily open one with us online.
  • If you already have an RSA, simply inform us of your intention to make VCs from abroad, and we’ll guide you on the best way to remit funds.

Accessing Your Benefits:

When you retire, you can access your pension benefits according to PenCom regulations, whether you are in Nigeria or abroad. We’ll guide you through the process.

 

Working in Nigeria? Understand Your Pension Options.

If you are a foreign national employed in Nigeria, the Pension Reform Act 2014 has provisions for your retirement savings. Parthian Pensions is here to help you understand and manage these effectively.

Are You Covered?

Generally, expatriates working in Nigeria are required to participate in the Contributory Pension Scheme (CPS) if their contract of employment is for two years or more (or if a shorter contract doesn’t offer equivalent end-of-service benefits).

Possible Exemptions:

  • You may be exempt if you are covered by an adequate pension scheme in your home country.
  • Exemption can also apply if your home country has a bilateral or multilateral agreement with Nigeria regarding pensions.

Your Contributions:

If you are part of the CPS, you and your employer will make monthly contributions to your RSA managed by Parthian Pensions.

 

 

 

Accessing Your Funds When You Leave Nigeria:

  • If you cease employment in Nigeria and decide to leave the country permanently (before reaching retirement age), you are entitled to withdraw the entire balance in your RSA as a lump sum. This is processed in Naira.
  • Our Support: Parthian Pensions will guide you through account setup, ensure compliance with PenCom regulations, and assist with the withdrawal process upon your departure.

Key Considerations for Our International Clients

Documentation

We’ll guide you on the specific documents required for opening an account, making contributions, or accessing benefits based on your situation.

Currency

Pension contributions and benefit payments are made in Nigerian Naira (NGN). If remitting funds from abroad or repatriating benefits, currency conversions will be handled by your bank at prevailing rates.

Global Account Access:

Monitor your RSA, view statements, and access support through our secure online portal and mobile app from anywhere in the world.

Simplicity

We make complex pension matters easy to understand and manage.

Reliability

Backed by the strength and governance of the Parthian Group.

Secure Digital Access

Manage your pension conveniently, no matter your location.

Retirement Lifestyle Planner

Deep understanding of Nigerian pension laws and cross-border implications.

Dedicated Support

Our team is ready to assist with your unique international requirements.

Frequently Asked Questions (FAQs)

While contributions are ultimately credited to your RSA in Naira, we can guide you on the best ways to remit funds. The conversion will be done by the receiving bank in Nigeria.

Your benefits will be paid into your nominated Nigerian bank account in Naira. You can then make arrangements with your bank for international transfers.

Typically, you'll need your letter of resignation/termination, a copy of your work visa/permit showing its cessation, and a letter confirming your intention to leave Nigeria permanently, among other standard KYC documents. We will provide a full checklist.

Pension benefits under the Nigerian CPS are generally tax-exempt in Nigeria. However, you should consult with a tax advisor regarding any tax implications in your country of residence.

Need Help or Have Questions?

• Call our Transfer Helpline: +234 2017 004 000
• Email us: info@parthianpensions.com
• Visit any of our Branch Locations