EuroLife Occupational Pensions Plan

Who is it for

Any employer who wants to offer an attractive savings package to their employees.

What is the cost of the Plan

Plan set up fee:
A fixed lump sum that is charged per member.
The amount charged varies according to the total number of members in the Plan.

Monthly management and administration fee:
Percentage of the account balance of each member.
The management fee is not payable by the employer. It is charged directly to each member’s account.

Description

Addresses the pension needs of your employees and helps them save to receive a better income upon retirement.
Secures the future of your employees

Flexibility in design
Flexible on payment
Tax incentives
Investment philosophy

Flexibility in design

You can define your own criteria for your employees to join the Plan. You also specify your contributions.

Flexibility in contributions
Each member chooses the amount of their contribution; they can increase or decrease it.
The employer may choose to not contribute to the fund, and voluntarily offer it to their staff.

Flexibility in transferring from another Pension Provider
Employees can transfer pension savings from another plan or provider without charge.

Flexibility in investments
Every member may choose their investments according to their personal investment profile and horizon.
The employer can contribute the same or a different amount.

Flexible on payment

Flexible payment upon retirement
Savings in the member’s account can be used as retirement income.
Members have a choice on how to receive their tax-free pension benefits. Available options are:

- Receiving one lump sum.
- Withdrawing on regular intervals.
- Transferring to a similar plan.

Flexibility in the payment of benefits in case of withdrawal
If a member leaves the Plan prematurely, they will be able to immediately receive their benefits or transfer them to another occupational pension plan or personal investment plan.

Flexibility in facilities
In certain cases, the Plan provides facilities to members by allowing them to redeem units from their account.

Tax incentives

Tax exemption on the employer’s contribution
Employer contributions to the Plan are deducted from taxable income for up to 10% of the employee’s salary.

Tax exemption in the employee’s contribution amount
When a member pays contributions to the Plan, those contributions are deducted from their income for tax calculation purposes.
This way, they only pay income tax on the rest of their income. They save for their retirement while at the same time reducing their tax burden.
Current legislation limits the amount of tax deduction that a member can enjoy through their annual contributions to the Plan. Keeping in mind the provision about limiting deductions to 1/6 of income, tax deductions can be up to 10% of an employee’s annual income. Members may pay a larger amount, but contributions beyond 10% will be subject to income tax.

Tax deductions on investment
The Plan can offer tax deductions on investments. The additional income from investments that is generated by the Plan will be credited to the member’s account until their retirement.

Investment philosophy

As an investment manager, EuroLife has over time developed a successful investment approach that focuses on the following areas:

Wide diversification
Optimal diversification per investment category, geographic area and sector.

Investment moves
Investments with medium- to long-term horizon and on the basis of fundamental analysis.
Investment risks Monitoring and managing investment risks in accordance with international practices (e.g. Value at Risk Scenario Analysis).
Investment proceduresStrict internal investment procedures that ensure the optimum operation of the Investment Department.
Liquidity
- Maintaining significant liquidity in cash and cash equivalents.
- Maintaining the majority of investment funds under management in highly liquid investments.
External consultants/investment managers

Employing the services of external consultants and internationally renowned managers such as: PIMCO, Schroders, Vanguard, Goldman Sachs, J.P.Morgan, UBS, iShares, BlackRock, SSGA

Hands on

Hands off

Hands on - Choice in your hands

You actively manage allocation percentages in different investment funds –each fund with its own investment policy, risk profile and performance.

How “Hands-on” approach works

You may choose to change your allocation percentages anytime.
You specify allocation percentages in your selected investment funds.
You select one or more investment funds according to your level of investment risk.

Asset Allocation 12/2020

Cash Pension Fund
Income Pension Fund
Balanced Pension Fund
Growth Pension Fund

Not sure what to choose?

We give you the opportunity to discover your investment profile and find out more about the investment option that suits you best.

FIND YOUR INVESTMENT PROFILE

Hands off - The "Lifestyle" choice

Automatic assignment of your allocation percentages in investment funds. This choice adapts to your own risk-return profile as well as to the number of years remaining until your retirement.

How “Hands-off” approach works

Depending on your selection, allocation percentages in investment funds are automatically selected.
You pick one of the three “lifestyle” options –low risk, medium risk, or high risk.

Why an Occupational Pensions Plan?

EuroLife Occupational Pensions Plan Features

Flexibility in design

Flexible on payment

Tax incentives

Investment philosophy

Support tools

Retirement planning tool

Investment profile analysis tool

Investment strategy

Management of Investment Pension Funds

Learn more for Eurolife Occupational Pension Plan