Universal Pension Calculator
Estimate how large your Universal Pension Scheme (Jatiyo Pension) fund could grow by age 60, and roughly what lifelong monthly pension that could support — in taka. Free, no sign-up.
Your Details
Common options are Tk 1,000 / 2,000 / 3,000 / 5,000. In the Somota scheme the government adds Tk 1,000 a month for low-income subscribers.
The pension depends on what the fund earns. Official illustrations have assumed a high return; a cautious planning figure is closer to a long-term deposit or bond rate.
Your Estimate
Fund at Age 60
Tk 22,42,244
could support about Tk 18,817 a month for life
💬 In Plain Words
Paying Tk 2,000 a month from age 35 for 25 years, you would put in Tk 6,00,000 of your own money. Growing at 9% a year, the fund could reach about Tk 22,42,244 by 60 — of which roughly Tk 16,42,244 is investment return. Annuitised for life, that is in the region of Tk 18,817 a month.
Estimate for educational purposes, not an official illustration from the National Pension Authority. The real pension is set by the scheme's own actuarial factor and depends on the fund's actual return; this tool simply grows your contributions at the rate you choose and annuitises the result over 25 years. It does not model the Somota government co-payment or the guarantee that pays a nominee until you would have turned 75.
How the Universal Pension Scheme Works
👋 Simple Explanation
The Universal Pension Scheme (Jatiyo Pension), launched in August 2023, is a voluntary way to build a lifelong pension. You pick a monthly contribution — commonly Tk 1,000, 2,000, 3,000 or 5,000 — and pay it until age 60. The money is pooled and invested, and from 60 you receive a monthly pension for life. If you die before 75, your nominee keeps receiving it until you would have turned 75.
There are four schemes: Probash for expatriate workers, Progoti for private-sector employees, Surokkha for the self-employed, and Somota for people below the poverty line, where the government adds Tk 1,000 a month. Contributions qualify for the investment tax rebate.
Why You Still Need Other Saving
The Universal Pension is one leg of a retirement plan, not the whole thing — and there is no automatic contributory state pension for private-sector workers to fall back on. The other legs are a recognised provident fund and gratuity through your employer, mutual funds and DSE shares, National Savings Certificates (Sanchayapatra), and property. Use our retirement calculator to project that self-funded layer alongside this one.
Frequently Asked Questions
- Is the Universal Pension Scheme compulsory in Bangladesh?
- No. It is voluntary. Any Bangladeshi aged 18 to 50 can join and choose a monthly contribution; people over 50 can also join but must contribute for at least 10 years before drawing a pension. Government employees have their own separate pension.
- When does the Universal Pension start paying?
- At age 60, for life. If you die before 75, your nominee continues to receive the pension until the date you would have turned 75. The amount depends on how much you contributed, for how long, and the return the fund earned.
- Do I get a tax benefit for contributing?
- Contributions to the Universal Pension Scheme qualify for the investment tax rebate, alongside things like a recognised provident fund, life insurance premiums and savings certificates, up to the overall rebate limit. Keep your payment receipts for your return.