Supplementary Pension Savings

Start thinking about your future today

  • Government contribution will give you up to CZK 4,080 a year

  • Generali’s funds offer effective returns

  • We reward a bonus to our clients with larger savings

We are pleased to offer you a Supplementary Pension Savings plan, in partnership with Generali penzijní společnost, which represents an investment in your future and will enable you to live life to the full even in later life. The fact is that the state pension is highly unlikely to guarantee us the standard of living we would like to have in retirement. We therefore need to take steps ourselves to ensure a happy life in retirement.

Why set up a pension savings plan?

YOU’LL RETIRE ON A CLEVER COMBINATION OF SAVINGS, INVESTMENT AND GOVERNMENT CONTRIBUTION. Supplementary pension savings is one of the few financial products to which the government can contribute. By setting aside money regularly and over the long term for a supplementary pension savings plan, you can ensure a significant top-up to your state pension.

Government contribution of up to CZK 4,080 a year

If you save regularly for your pension, the government will contribute up to CZK 340 a month. This means you could get up to CZK 4,080 in total over the course of a year.

Performance based on strategy

You can choose from a range of investment strategies, from conservative to dynamic. We’d be happy to help you choose the right option for you at one of our branches.

Premium bonus

If your savings exceed CZK 300,000, you can receive a Premium Bonus, which represents a refund of part of the fee for managing assets in participating funds. The bonus is valued annually and, if the specified conditions are met, is paid out together with the saved funds.

Tax savings of up to CZK 7,200 a year

You can deduct your pension savings contributions from your taxable income. This means you can easily save up to CZK 7,200 a year.

Employer’s contribution

Your employer may make contributions on your behalf under favourable tax conditions, up to the statutory limit.

How much you save is entirely up to you

You can start saving for your pension from as little as CZK 100; the government provides contributions for monthly amounts of CZK 500 or more. You can also change the amount of your contribution at any time.

Good to know: Provided you meet the statutory requirements, you can draw an early pension from your pension savings up to 5 years before reaching your retirement age. When the time comes to make use of your savings, you can choose how you’d like to receive them—either as a lump sum or by withdrawing them gradually.

Government support and tax relief

HOW EXACTLY WILL THE GOVERNMENT SUPPORT YOU IN SAVING FOR YOUR PENSION

Client contribution/monthly

Government contribution/monthly

Tax savings/monthly

Total government contribution/yearly

CZK 300

CZK 0

CZK 0

CZK 0

CZK 500

CZK 100

CZK 0

CZK 1,200

CZK 1,000

CZK 200

CZK 0

CZK 2,400

CZK 1,500

CZK 300

CZK 0

CZK 3,600

CZK 1,700

CZK 340

CZK 0

CZK 4,080

CZK 2,000

CZK 340

CZK 540

CZK 4,620

CZK 2,500

CZK 340

CZK 1,440

CZK 5,520

CZK 3,000

CZK 340

CZK 2,340

CZK 6,420

CZK 3,700

CZK 340

CZK 3,600

CZK 7,680

CZK 5,000

CZK 340

CZK 5,940

CZK 10,020

CZK 5,700

CZK 340

CZK 7,200

CZK 11,280

Pension savings make sense at any age

SUPPLEMENTARY PENSION SAVINGS ARE ALSO AVAILABLE FOR CHILDREN AND YOUNG ADULTSM

Supplementary pension savings for children

The sooner you start saving, the more time your money has to grow. You can set up a pension plan for your children and gradually build up a financial foundation for them as they grow into adulthood. Regular contributions from parents or grandparents could provide a useful financial cushion in the future for education, housing, life plans and, eventually, retirement.

Supplementary pension savings for young people

Your first job is the perfect time to start thinking about the future. Even a small, regular amount can grow into a substantial reserve thanks to a long investment horizon. In addition, you can also take advantage of the government support mentioned above, and many employers contribute to pension savings as part of their employee benefits package.

Do you already have a pension savings plan or an older supplementary pension plan? We’d be happy to help you transfer it to us, of course. This allows you to retain both the money you have saved and the time you have already spent saving, whilst also taking advantage of a wider range of options for growing your savings.

How does one set up a pension savings plan here?

AT OUR BRANCH, WE’LL GUIDE YOU THROUGH THE PROCESS OF SETTING UP A SAVINGS PLAN STEP BY STEP

 

1. You can arrange an appointment at the selected branch via Infoline.

2.  Review the materials and choose the right strategy.

3. Complete the necessary documents.

4. Set the amount of your monthly contribution.

5. Start saving for your future.

Apply now

Would you like to discuss pension savings with us?

WE ARE, OF COURSE, HERE TO HELP

Telephone number

We’ll be happy to answer any questions you may have
at our Infoline: +420 221 210 031.

Callback

Just leave us your contact details
and we’ll ring you back.

Questions about pension savings

READ THE ANSWERS TO THE MOST FREQUENTLY ASKED QUESTIONS

HOW MUCH DO I NEED TO SAVE EACH MONTH IN MY PENSION PLAN?
HOW MUCH WILL THE GOVERNMENT CONTRIBUTE TO MY PENSION SAVINGS?
CAN MY EMPLOYER ALSO CONTRIBUTE TO MY PENSION SAVINGS?
CAN I CHANGE THE AMOUNT OF MY CONTRIBUTION TO MY PENSION SAVINGS?
CAN I CHOOSE A STRATEGY FOR MY PENSION SAVINGS?
WHEN CAN I WITHDRAW MONEY FROM MY PENSION SAVINGS?
WHAT HAPPENS TO YOUR PENSION SAVINGS WHEN YOU CHANGE EMPLOYERS?
ARE PENSION SAVINGS SAFE AND IN ANY WAY GUARANTEED?
CAN I SEE HOW MUCH I’VE SAVED IN MY PENSION SAVINGS PLAN IN SMART BANKING?
WHY SHOULD YOU START SAVING FOR YOUR RETIREMENT AS SOON AS POSSIBLE?
CAN I CLAIM TAX BENEFITS?

What might be useful for your pension savings?

Unit trusts

For money that you want to invest whilst
still having it available at any time.

Find out more

Savings account

Ideal as a reserve for unexpected expenses
and various short-term goals.

Find out more

Notice:

The information provided is for information purposes only and does not constitute an offer to enter into a contract, nor does it constitute personal investment advice or investment recommendations that take into account the investor’s individual circumstances.

The rates, prices, returns, appreciation, performance or other parameters achieved by individual investment instruments in the past can in no way serve as an indicator or guarantee of future rates, prices, returns, appreciation, performance or other parameters of such or similar investment instruments. There is always a risk of fluctuations in value associated with the investment, and the return on the original investment is not guaranteed. The investor also bears the credit risk of the issuer of the investment instrument. Investment instruments denominated in foreign currencies are also subject to fluctuations arising from changes in foreign exchange rates, which can have both positive and negative effects, particularly on their rates, prices, appreciation or returns. Any taxation depends on the personal circumstances of the investor and may vary. UniCredit Bank Czech Republic and Slovakia, a.s., is not authorised to provide legal or tax advice.

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