For the first time, you are now able, as a contributor, to utilize part of your pension contribution balance to secure your own primary home in accordance with guidelines that were recently issued by the National Pension Commission (PenCom). This new innovation is possible as a result of the amendment of the original act to allow Pension Fund Administrators (PFA’s) invest directly in real estate, which was not permitted under the old pension law. With this development you can now utilize a percentage of your pension contributions to finance your home rather than just allowing it sit with the PFA.

We now bring you highlights of the framework, eligibility requirements, procedures and documentation required to enable you access and utilize part of your pension contribution as equity contribution in respect of first home ownership mortgages.

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