08 March

Demystifying Pensions: A Guide for Young Professionals in Ghana

As a young professional in Ghana, building your career and establishing yourself financially are top priorities. While the future seems distant, planning for a secure retirement is crucial for long-term peace of mind. This is where pensions come in, offering a safety net and financial security for your golden years.

What are Pensions?

A pension is a long-term savings plan that provides you with regular income after retirement. You contribute a portion of your salary towards the plan throughout your working career, and the accumulated funds are used to pay you a monthly or yearly income after retirement.


Why are Pensions Important in Ghana?

In Ghana, the formal safety net system may not provide sufficient income solely for a comfortable retirement. Pensions bridge this gap by offering several crucial benefits:

  • Financial security: A pension plan ensures a steady stream of income after you stop working, allowing you to maintain your desired lifestyle and financial independence.
  • Early planning advantage: Starting a pension plan early allows you to leverage the power of compound interest, significantly increasing your retirement corpus over time.
  • Tax benefits: Contributions to registered pension schemes in Ghana are tax-deductible, reducing your taxable income and offering immediate financial savings.
  • Peace of mind: Knowing you have a secure financial future through your pension plan allows you to focus on your career and present life without worrying about future uncertainties.


Benefits of Starting Early:

The earlier you begin contributing to a pension plan, the greater the benefits you reap:

  • Compound interest: Starting early allows your contributions to grow exponentially over a longer period due to compound interest. This means even small contributions early on can translate into a substantial retirement corpus over time.
  • Lower contribution amounts: Starting young allows you to contribute smaller, more manageable amounts that are easier to budget for compared to starting later when you might need to contribute larger sums to catch up.
  • More investment time: With a longer investment horizon, you can potentially benefit from market fluctuations and experience higher returns on your investments.


Taking the First Step with Axis Pension Trust

Understanding the importance of pensions and their benefits in Ghana is essential for young professionals. Axis Pension Trust offers various personalized pension plans designed to cater to your specific needs and financial goals. 


Our solutions for individuals include 

  • Axis Pension Plan
  • Axis Annuity Plan
  • Micro Pension Scheme
  • RemitPlus


We encourage you to explore any offerings and consult our financial advisors to learn how you can start planning for your secure future today on +233-302 543 287, +233 302 738 555


By starting early and making informed decisions, you can ensure a comfortable and financially secure retirement, allowing you to enjoy your golden years with peace of mind. Remember, your future self will thank you for taking charge of your financial well-being today.

About Axis

Axis Pension Trust Ltd (APTL), a leading company in the retirement savings industry in Ghana, was incorporated in September 2010 and obtained a license as a Corporate Trustee from the National Pensions Regulatory Authority in March 2012.

Contact Address

      • Address

        #4 Abidjan Link, East Legon, Accra, Ghana

      • Tel No

        +233-302 543 287, +233 302 738 555, +233 269 031 304

      • Email ID


      • Axis Pension Mobile App