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En Bloc Withdrawal

Understanding Your Option for a One-Time, Full Pension Payout.

In certain circumstances, you may be eligible to withdraw the entire balance of your Retirement Savings Account (RSA) at once.

What is an En Bloc Withdrawal?

An En Bloc withdrawal is a special type of retirement benefit that allows you to receive your entire RSA balance in one single payment (a lump sum).
This option is specifically designed for retirees whose RSA balance is not large enough to support a regular monthly or quarterly pension (Programmed Withdrawal or Annuity) that is at least one-third of the current national minimum wage. It’s a provision by the National Pension Commission (PenCom) to ensure you can make the most of your retirement savings.

Are You Eligible? A Simple Checklist

To be eligible for an En Bloc withdrawal, you must meet two main criteria set by PenCom:

  • You must be retired from employment and have attained the minimum age of 50 years.
  • Your total RSA balance must be insufficient to provide a monthly pension that is at least one-third of the prevailing national minimum wage.

Note: The exact RSA balance that qualifies for this can change based on the national minimum wage. Our team will always use the latest PenCom-approved calculation to determine your eligibility.

How to Apply: A Step-by-Step Guide

01

Contact Us to Confirm Your Eligibility

  • Reach out to our dedicated support team. We will review your RSA balance against the current PenCom template to confirm if you qualify for an En Bloc withdrawal.

02

Gather Your Retirement Documents

  • You will need to provide standard retirement documents. Our team will give you a simple checklist, but it typically includes your retirement/exit letter, proof of age, and a valid means of identification.

03

We'll Guide You with the Application

  • Our team will help you complete the necessary forms, including a consent form confirming you understand the En Bloc payment option.
  • We will review all your documents with you to ensure your application is complete and accurate

04

Submission & Approval

  • Parthian Pensions will submit your completed application to the National Pension Commission (PenCom) for their final review and approval.

05

Full Payment to Your Account

  • Once PenCom’s approval is received, the entire balance in your RSA will be paid directly into your nominated bank account. We will notify you as soon as the payment is made.

What You'll Need (Key Document Checklist):

Our team will provide you with a comprehensive checklist, but you should prepare to have:

  • A formal application letter written by you.
  • A Letter of Retirement/Exit from your last employer.
  • Your last payslip or evidence of total annual remuneration.
  • A valid Means of Identification (e.g., National ID, Driver’s License, International Passport).
  • Birth Certificate or Sworn Declaration of Age.
  • Your bank account details (for payment).

Frequently Asked Questions (FAQs)

A normal retirement lump sum is a portion (e.g., >50%) taken from a larger RSA balance, with the rest used for monthly pension payments. An En Bloc withdrawal is the full and final payment of a smaller RSA balance that cannot sustain a regular monthly pension.

No. The En Bloc payment is the full and final withdrawal of all the funds in your RSA. After this payment, the account is closed, and there will be no further monthly pension payments.

In line with the Pension Reform Act, lump-sum pension payments, including En Bloc withdrawals, are tax-free.

PenCom sets the threshold based on what is required to provide a monthly pension equal to one-third of the current national minimum wage. This figure is updated periodically. We will always use the latest official calculation for you.

Understanding your retirement options is important. If you believe you may be eligible for an En Bloc withdrawal, our friendly and professional team is here to provide clear information and support.

  • Download Retirement Forms

Need Help or Have Questions?

• Call our Transfer Helpline: 0700-00-72784736
• Email us: info@parthianpensions.com
• Visit any of our Branch Locations

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Copyright 2025 Parthian Pensions Limited.
All rights reserved

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