The Retirement Savings Account was initiated by the Federal Government under the Pensions Reform Act 2004 and is used to set aside money towards an individual’s retirement. The new pension Reform Act 2014 requires the employer and employee to contribute a minimum total of 18% of the employee’s monthly emoluments (basic salary, housing and transport) to a Retirement Savings Account (RSA) which will be managed by a private sector Pension Fund Administrator (PFA). An admin fee of N105 is charged by the PFA for managing your account.

Your new RSA account starts here

Your new RSA account starts here

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Complete enrollment form on our website

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and receive login details

Additional Voluntary Contributions (AVC) is the discretionary contribution made above the mandatory 18% employer and employee contributions into an individual’s Retirement Savings Account (RSA) and cannot be more than 100% percentage of your emolument. Withdrawals can be made from the AVC once every 2 years and only 50% of the total sum of the AVC contributed within the 2 years can be accessed. However, enjoying a TAX FREE withdrawal applies only after FIVE YEARS of making contributions!


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The Micro Pension Scheme targets the significant majority of Nigeria’s working population who operate in the informal sector including formal sector professionals who are not captured by the formal scheme due to the size of their staff strength. Participants are expected from various informal sectors including but not restricted to:

– Single Professionals like Lawyers, Architects, Accountants, and many others

– Business Men & Women in small & medium scale enterprises (SMEs)

– Workers in the Movie and Performing Art Industry

– Members of Textile, Garment and Tailoring Associations

– Members of the National Union of Road Transport Workers (NURTW)

– KekeNapep and Okada Riders Associations

– Butchers Associations

– Mechanics and other workers in the automotive industry

The Scheme is designed to the peculiarity of the informal sector groups in order to provide income for people at retirement and inculcate a savings culture through highly protected and regulated investment.

The product is flexible with respect to contribution amount and the channel of remittance of contributions to the respective pension accounts.

The National Pension Commission has issued a robust Guideline on Micro Pension Plan pursuant to the provision of Section 2(3) of the Nigerian Pension Reform Act 2014.

A prospective Micro Pension contributor can open a Retirement Savings Account (RSA) by completing a physical or electronic registration form with us.

– You are also at liberty to make daily, weekly, or monthly withdrawals. Every contribution is split into 2; comprising 40% for contingent withdrawal and 60% for retirement benefits.

– It is also fairly flexible based on arising and unplanned human needs. For example, one can periodically withdraw the total or part of the balance of the contingent portion of his/her RSA, including all accrued investment income thereto.

– He/She may also choose to convert the contingent portion of the contributions to the retirement benefits portion. The remaining balance in the RSA shall be available to the contributor upon retirement or attaining the age of 50 years.

Call Leadway Pensure on 01-2808000 today so we can help you plan a comfortable retirement.

As a Pension Fund Administrator, our unique responsibilities include management of Gratuity scheme, Legacy funds and other managed funds with tailored deliverables and value taken into consideration.

Gratuity Funds
Gratuity Funds are lump sum amounts that employers give to their employees on leaving the organization as a way of rewarding them for their past service. This cash reward is called “Gratuity”. The amount paid to the employee is normally based on the number of years of service he/she worked for the organization. Please note that Gratuity Funds are separate from the normal RSA Fund or Lump Sum payment made at retirement.

Legacy Funds
Legacy Funds are pre-scheme funds (i.e. funds up to December 2004) which were privately invested by an organization for or its authorized agents on behalf of its workers before the Pension Reform Act 2004. They are usually treated as separate funds from the normal mandatory contributions.

Listen, Following the increasing interest by Nigerians abroad to take part in the Nigerian pension reform scheme, it is pertinent to note that cross-border employment often leads to loss of pension rights as a result of waiting or vested periods imposed by some schemes. Quite a number of schemes also do not allow for transfer of rights to countries they do not have cross-border arrangement with.

One key objective of the guidelines on cross-border arrangement (CBA) is to seek to encourage the participation of Nigerians abroad in the contributory pension scheme and assist them to save in Nigeria towards their old age and subsequent return.

The CBA shall involve the conditions and/or the set of guidelines under which Nigerian citizens serving in other countries could participate in the Nigerian pension scheme. The CBA, therefore, makes provision for Nigerians in Diaspora, who may wish to make voluntary contributions as provided in the Nigerian Pension Reform Act 2004.

The cross-border arrangement establishes a standard set of rules and procedures for foreign nationals and Nigerians resident abroad to participate in the new contributory pension scheme. It also encourages participation of Nigerians abroad in the contributory pension scheme and assists them to save in Nigeria towards their retirement and subsequent return.

Besides, it provides a platform to accommodate foreigners working in the country in the new scheme, thus guaranteeing a better retirement life for them. Any foreign employee of a company registered in Nigeria shall, at his/her discretion, join the scheme, without considering whether or not he/she has a pension arrangement in his/her home country. The employee shall inform his employer of his interest to join the scheme.

Any Nigerian working abroad, who is interested in joining the new pension scheme, shall be allowed to participate by making voluntary contributions. Nigerian employees of Nigerian institutions with offices abroad shall be allowed to participate in the scheme. Where the employee joins a retirement benefit scheme abroad, he/she shall be allowed to repatriate his/her accumulated benefits to his/her RSA with a PFA in Nigeria.

Any Nigerian employee already contributing into his/her RSA going on transfer to another country or leaving his/her employment in the country for another employment abroad, shall notify his/her PFA through his/her previous employer. Pursuant to the above, the employee shall indicate whether he/she intends to send voluntary contributions into the RSA.

A Nigerian previously working abroad shall be part of the scheme if upon his/her return to the country, secures an employment. Where the Nigerian wants to repatriate his accrued benefits into his RSA, he/she shall obtain anti-money laundry clearance/approval from relevant authorities in the home country (Nigeria) and the host country (where he was previously working).

The Pension Reform Act (PRA) 2004 made provision for contributions in the National Provident Fund (NPF) and its successor scheme the National Social Insurance Trust Fund (NSITF) referred to as the “old scheme” is to be transferred into members’ Retirement Savings Accounts (RSAs).

Customers who were members of the “old scheme” are required by NSITF to update their records on Trust fund’s website. They are also required to submit the following documents;

  1. Original copy of NSITF/NPF Card
  2. Means of identification (International Passport, Driver License, National ID, Voters’ card and Employer’s ID).
  3. Completed NSITF Transfer Form
  4. NSITF (Trust Fund) statement of accounts/schedule for evidence of contribution (optional)
  5. Passport.

In the event a customer does not have the original NSITF/NPF card or the organization no longer exists, the required documents to submit include:

  1. A personal indemnity letter from the customer signed and stamped at the High court.
  2. Sworn affidavit for missing certificate from an High court with the NSITF/NPF number boldly written.
  3. Completed NSITF Transfer form
  4. Means of identification (International Passport, Driver License, National ID, Voters’ card and Employer’s ID).
  5. NSITF (Trust fund) statement of accounts/schedule for evidence of contribution (optional).
  6. Passport.

NB: Where an organization still exists, the indemnity letter should be written on the organization’s letter headed paper using the standard format and stamped by an High court.

With our Self-service channels, you can access your Retirement Savings Account (RSA), get certain transactions treated without the need to visit a branch or speak with a contact centre agent.

Ø  Mobile App: Transact and monitor your RSA in real time. Visit Google Play store or Apple App store on your device, search and download the Leadway Pensure App.

Ø  P-Online:Log in to P-Online to access your account, apply for benefit payments and update your personal information.

Ø  SMS : Using the Leadway Pensure interactive SMS platform , you can assess a number of important information;

For easy access, send: HELP to 07018000800

For PIN, send: PIN to 07018000800

For Balance, send: BAL to 07018000800

For Statement, send: STMT to 07018000800