• With the BES for Under-18s, parents will be able to include their children as participants in the Individual Pension System and benefit from the 30% state contribution in the contract created for their children.
• The system, providing children and young people with the opportunity to invest in the future, will help them develop the habit of saving, raise their awareness on financial literacy issues from an early age, and help them achieve their dreams of a better tomorrow by joining the system at an early age.

• Transactions performed by the legal representative or the person who pays contributions on behalf and account of the participant before the child acquires the capacity to act will remain legally valid.
• After a child acquires the legal capacity to act, the use of the rights arising from the contract will directly belong to the participating child and the authority of the legal representative to act will be terminated.

For pension contracts that cover children, there is no change in the minimum length of stay in the system and the retirement age.

As per the amendment, individuals will be able to benefit from the 30% state contribution advantage for contracts created for each member of a family, including children. Existing progress payment periods are valid.

The withdrawal request form must be accompanied by the signatures of both parents. If the child wants to opt out of the system, the child cannot do so unless s/he is 19 years old.

A guardian appointed by a court decision can only execute a contract on behalf of the child. No action is taken until this court ruling is seen