Voluntary Participation (IPS) Auto Enrollment System (AES) Funds Legislation Data Center

Refund of Fund Expense Fee Total

Amount of Accumulations (TL)

Deduction Rate

Deduction Amount (TL)

Contract Year

Refund Rate

Calculated Ferund Amount (TL)

1.1% of Amount of Accumulation

Deduction Amount-Calculated Refund Amount (TL)

More than 1.1%?

Actual Refund (TL)

100,000

1.8%

1,800

15 and over

25%

450

1,100

1,350

Yes

450

100,000

1.2%

1,200

15 and over

25%

300

1,100

900

No

1200-1100=100*

* Since no refund is applied for the part below 1.1% of the accumulations, with the refund of 100 TL, the deduction rate on the accumulations will be reduced to 1.1%.