“pick a term set for this property” is empty in Manage User Profiles

You have created a Term Set in Managed Metadata Service Application then I can create a custom property from User Porfile Service Application -> Manage User Properties  and  want to use the term set in a custom property in the User Profile. But the he drop down list under the “Pick a term set for thsi property” is always empty.

For Fixing this issue:
1) Central Administration -> Application Management- > Manage Service Applications

2) Select the Managed MetaData Service Connection Application and click properties

3) Check  “This service Application is the default storage location for column specific term sets” option (Which is unchecked by default)