What is a Specified Personal Pension?
A Specified Personal Pension is a special type of pension savings that is particularly suitable for those who are in the second half of their working life.
More private property, less mutual insurance (lifelong and support pension)
The Specified Personal Pension is created by dividing the mandatory premium. You have the option of allocating almost a quarter of your monthly premium to specified private property. In this way, you increase private property savings at the expense of mutual insurance rights.
Who is the specified personal pension best suited to?
A Specified Personal Pension may be suitable for you if you are entering the second half of your working life. If you choose to pay into the Specified Personal Pension, less will be spent on mutual insurance. A Specified Personal Pension may be suitable for you if you have already earned good lifelong pension rights or are financially well off.
- It won´t cost you anything to establish a Specified Personal Pension with us.
- You can use the Specified Private Pension when buying your first apartment.
- No fee for investing.
- Inherited like any other personal property.
Find Out the Different Benefits of Mutual Insurance and a Specified Personal Pension
Mutual insurance
Specified Personal Pension
- Lifelong pension
- Personal property of the fund member and is inherited by next of kin.
- Gives a right to disability pension
- Does not give a right to disability pension
- Gives right to children's and spouse's pensions
- Does not give a right to spouse's or child's pensions.
- You can begin drawing a pension from 60-80 years of age.
- Withdrawals can begin at the age of 62.
- Not a lifelong pension
Mutual insurance
- Lifelong pension
- Gives a right to disability pension
- Gives right to children's and spouse's pensions
- You can begin drawing a pension from 60-80 years of age.
Specified Personal Pension
- Personal property of the fund member and is inherited by next of kin.
- Does not give a right to disability pension
- Does not give a right to spouse's or child's pensions.
- Withdrawals can begin at the age of 62.
- Not a lifelong pension
