Last year, supplementary pension companies concluded almost 87,000 contracts, and the value of assets in the third pillar exceeded 3.7 billion euros. Not only the deposits of savers and employers contributed to the increase in the volume of assets, but mainly the year-on-year appreciation of pension funds.
According to Martin Višňovský, president of the Association of Supplementary Pension Companies, history confirms that significant decreases in income are followed by increases. The worst period for the third pillar was 2020. “This year, equity pension funds fell from minus 5 to minus 20 percent. In the same year, these losses were erased and the funds achieved a return of 1.5 percent (conservative funds) to 4.8 percent (growth funds),” assesses Višňovský.
Pension funds had one of their best years in 2023, when, for example, index funds saw an increase of around 20 percent.
In the article you will learn, among other things:
- how contributions are valued by savers;
- how much you pay supplementary pension companies for management;
- what tax relief the saver has;
- under what conditions it is possible to withdraw saved money+
- what rules apply when paying a pension from the third pillar.
How many contracts were concluded last year?
Last year, almost 87,000 new participation contracts were concluded on the entire DDS market. In a year-on-year comparison, it was an increase of almost 3 percent and savings grew by more than 20 percent. The year-on-year appreciation of supplementary pension funds contributed to the increase in the volume of assets.
This year, interest in the third pillar continues to grow, and by April there were over a million savers. The value of managed assets for all companies exceeded 3.7 billion euros at the end of April.
How much do employees contribute to the company’s third pillar and how much do employees save?
In 2023, employers contributed an average of 38.26 euros per month to employees. The advantage for companies is that they can add up to six percent of the employee’s settled salary to their tax expenses.
The participants, i.e. especially the employees, contributed an average of 22.60 euros per month.
How did supplementary pension savings last year compare to 2022?
#pillar #stronger #year #fact #state #support #weak
2024-06-13 20:54:20