The Abu Dhabi Pension Fund issued a decision to include self-employed citizens from employers, liberal professions and commercial activities in the retirement law in the Emirate of Abu Dhabi
The Abu Dhabi Pension Fund issued a decision to include self-employed citizens from employers, liberal professions and commercial activities in the retirement law in the Emirate of Abu Dhabi, and to allow them to be registered as insured with the Fund voluntarily, provided that they are treated as insured in the private sector.
The Fund clarified that the inclusion of self-employed workers within Law No. 2 of 2000 regarding civil retirement pensions and benefits in the Emirate of Abu Dhabi is concerned with citizens who practice for their own account commercial, industrial or agricultural activities, and who have a commercial registry or any other official registry in the Emirate of Abu Dhabi, and it also includes The decision is for citizens, employers and self-employed persons, indicating that the registration of these categories in the fund is optional, as it is subject to the citizen’s desire to register to benefit from the insurance benefits and advantages offered by the fund to its registrants.
Regarding the subscription mechanism and system for citizens working for themselves, the fund stated that 20 different income brackets have been identified from which employers can choose the appropriate ones, starting from 12,750 dirhams and a maximum of 200,000 dirhams, provided that the monthly contributions are calculated at 26% of the monthly income bracket. The insured bears only 20% of it, while the government bears 6% of the value of the pension contributions in support of it for employers and self-employed professionals for their contribution to supporting the economic growth of the Emirate of Abu Dhabi.
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