Evaluation of individual pension system in terms of taxtation example of Turkey

Social Security means a government system which is established for protecting the citizens from profesional, pyhsiologial and economical risks by governmental institutions. The main aim of establishing this system is to hindera decrease in individuals? wealth and to provide people a life standard going well with human proud. Social security which took place as written text in Amerikan Social Security Act at the first time by securing classical risks such as disability and old age has been revised continually. However, revising studies has increased kind of risks included by the system, as a result of this excessive growing system has occured. Shortages thanks to an excessive growth are tried to be covered by authority of private companies in the field of social security.Individual pension system is established to enable individuals to direct their savings they make during their active working life towards investment and thus attain the total accumulations required for obtaning the supplementary income to help them maintain their life standarts when they retire. The most crucial aspect of the system is that each participant obtanins a pension benefit that is proportional to their accumulations to be made up of their contributions, which are increased in value in line with their own investment preferences. On the other hand, auditing and taxtation are also main control points.In this project, the process of individual pension system in Turkey and some countires is analyzed.