Optional pension Pilar III
Start saving today to keep the same lifestyle when you will not receive a monthly salary any longer.
- Financial protection for your future
- Tax benefits
- Flexibility and transparency
Optional pension Pilar III
Start saving today to keep the same lifestyle when you will not receive a monthly salary any longer.
- Financial protection for your future
- Tax benefits
- Flexibility and transparency
What do I get?
TAX BENEFITS
The amounts corresponding to the voluntary pension contributions from the salary income are exempt from tax, up to EUR 400 per year
FLEXIBILITY
You can change your contribution amount based on your earnings’ fluctuations
COMPETITIVE RETURN
And a prudential asset placement policy to protect your savings
PROTECTION
For your future and an enjoyable retirement
* Past performance is no guarantee of future results
I want to know more
If tomorrow you woke up and were retired, what would be your first thoughts? Would you be at peace and reassured that you have saved enough for this period? Or would you be unhappy relying only on what the state offers you?
Fortunately, there is a simple, efficient and friendly solution for your time, which helps you to get ready for the future: BCR PLUS Voluntary Pension! You can earn more money so that you have more reasons to enjoy the retirement age!
Here are all the benefits of BCR PLUS Voluntary Pension:
- Protection: the contributions are allocated based on your CNP (personal numeric code), which must be mentioned in the payment instructions
- Tax benefits: the amounts related to the voluntary pension contributions are exempt from the 10% salary income tax, up to 400 euros per year. Thus, the money that would otherwise go to the state remains in your voluntary pension account
- Flexibility: you can change your contribution amount based on your earnings’ fluctuations or even before you stop the payment
- Competitive return and a prudential asset placement policy so that you can protect your savings. You should keep in mind that past performance is not a guarantee of future achievements
- Power of information: we provide you with annual information about your personal assets – if you wish, you can also request information about your account via SMS, but you need to make sure that we have your phone number. In addition, you can access online your Personal 24 Pension account to stay updated with your savings’ status
What you need to know about BCR PLUS Voluntary Pension:
- After you sign the individual document to join the BCR PLUS Voluntary Pension Fund, you will receive an original copy of the individual membership contract and the simplified prospectus for the pension scheme
- After signing, you can give your employer a copy of the membership contract to withhold and pay the contribution to your voluntary pension scheme. We recommend this option instead of the individual payment because it is the most convenient for you: you get rid of worries in terms of the monthly payments and enjoy the tax deduction immediately, which decreases your taxable income
- You have permanent access to a detailed prospectus available at www.pensiibcr.ro, so you can access it whenever you need
On the date mentioned in the individual membership contract as the date of payment of the voluntary pension contribution, it is necessary to make the contribution to the fund
- paid from your financial resources
- paid from your employer’s resources, if the company decides to offer you the benefits of a voluntary pension
- divided between you and your employer, according to the agreement of both parties
What is the amount of the contribution?
The contribution may vary depending on your income. If you are at the beginning of your career and your income is lower, you can contribute with at least RON 35/month. This would be the equivalent of an ordered-in pizza or a cinema ticket.
As your income increases, you can grow your contribution by up to 15% of your gross monthly income or assimilated salary income.
Benefit from a MAXIMUM 2 lei cap of the 3% management fee of the gross monthly contributions. Thus, at a monthly contribution from 67 lei upwards, you pay a maximum of 2 lei, no matter how high the value of the contribution.
Want to earn even more? Benefit from tax deductibility with an optimal monthly contribution of roughly 150 lei per month *
* According to the current tax provisions, your contribution to the optional pension is deducted from the calculation basis of the tax on the income from wages, within the limit of 400 euros per year, at the date of payment. The calculation is made at an exchange rate of 1 EUR = 4.5 RON (150 lei x 12 months = roughly 400 Euro).
How to pay the contribution
The contribution can be:
In all the above cases, the payment of your contribution can be made through your employer. If you choose to make the contribution through your employer, you need to send a copy of your individual membership contract to your employer. In this case, your employer will be the one who will transfer the contribution to your voluntary pension fund account, and will also calculate your tax deductibility, which is yours as an employee – so it’s all hassle-free for you!
Payment of the contribution will be made monthly into the collector’s account of the Fund, opened at BRD GSG bank, IBAN code RO53BRDE450SV23245054500. The payment can be made by bank transfer or payment order, as you prefer.
Whatever method you choose, please do not forget to introduce your personal numeric code (CNP) in the payment details field. The allocation of contributions is strictly dependent on it, so you will have to write it down carefully
The contribution to the voluntary pension can be changed anytime
The contribution to BCR PLUS Pension Fund starts at RON 35 and goes up to 15% of your gross salary. You can choose an optimal contribution value* tax-wise, of roughly RON 150/month. In other words, you can adjust the amount of your contribution to your financial situation. The higher the contribution to your voluntary pension, the more you save on your pension and you will enjoy greater financial stability throughout your retirement.
The contribution to the voluntary pension may be suspended or resumed anytime
We are here for you! If you are going through a more difficult time, you can ask to suspend your contribution at any time, with the certainty that you can resume it whenever you wish. This decision will not affect the already accumulated assets, which is still invested. In addition, you have the option to resume payment at any time.
As a result, in order to resume or suspend payment, you only need to fill out the application for changing the contractual terms, print and sign it, and then send it to us by email at pensiibcr@bcr.ro, by fax on 021 232 40 35 or by post at Calea Victoriei no. 15, 3rd floor, podium, south wing - south east, district 3, Bucharest.
* your contribution to the voluntary pension is deducted from the calculated taxable income on salary, up to €400 per year on the payment date.
How much do I pay?
MAXIMUM 2 RON
Management
fee for gross contributions *
0.1667% / month
out of the total net assets of the Fund
* The 3% management fee of the gross monthly contributions is capped at a maximum of 2 lei, no matter how high the value of the contribution. Basically, for a monthly gross contribution from 67 lei upwards, the 3% management fee is capped at only 2 lei.
For more detailed information, please check out our BCR Privately Managed Pension Fund Prospectus
How do I join in?
1
Please come with your identity card to any BCR branch or simply apply online and we’ll be in touch with you as soon as possible.
2
Fill out and sign the individual membership contract.
3
Activate your 24Pension account at no extra costs and keep track of your pension status in real time.