Additional pension insurance or the second pension pillar is dedicated savings for an additional pension. Savings are collected in personal savings accounts. Insurance (savings) is regulated by the Pension and Disability Insurance Act.
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Additional pension annuity with the option of use at retirement.
The option of changing the amount of the premium.
Payments are recognized as a deduction when assessing income tax.
Pension insurance offers:
 | In the Bank@Net and mBank@Net online and mobile banks, you can monitor the balance of your savings and make additional payments. |
 | Payment of an additional pension upon retirement. |
Are you interested in hot to get a higher return or a lower-income supplement?
 | You can claim a special tax deduction for all premiums paid into additional pension insurance, which directly reduces your income tax base. The maximum amount that is subject to tax relief is 5,844 percent of the gross salary but at the annual level of no more than 2903,66 EUR. |
How to calculate the amount for tax deduction?
 | The individual benefits from a tax deduction for premiums paid from net income in the form of a reduction in the income tax assessment base. Simplified: you receive a higher income tax refund or pay less. If the individual is already included in the collective pension plan, he can only claim the difference between the maximum premium and the premium paid by the employer during the year for an income tax deduction. If you are not sure how to calculate the premium amount for the tax deduction, you can use the informative calculation. For all other details and information, ask at the nearest bank branch. |
Most frequent questions and answers
What is additional pension insurance?
When to start saving for retirement?
As soon as possible, preferably on the first day of employment.
Example: if you set aside 600 EUR a year for pension savings from the age of 25, by the age of 65 (in 40 years) and with a 3% annual return calculated for the calculation, more than 45,000 EUR will be saved (with a total payment of 24,000 EUR). If you were to postpone the start of saving until the age of 45, you would have to pay as much as 1,680 EUR annually for the same savings. In this case, you would have to pay a 33,600 EUR or as much as 40% more.
What is the tax deduction for premiums paid?
You can claim a special tax deduction for all premiums paid into additional pension insurance, which directly reduces your income tax base. The maximum amount subject to tax deduction is 5.844 percent of the gross salary, but no more than 2,903.66 EUR per year. Thus, you receive a higher income tax refund or pay less.
Can I cancel the insurance and what about the payout?
Insurance may be terminated.
Withdrawal of individual insurance funds is possible regardless of the duration of the insurance.
The amount of the payment is affected by obligations under tax regulations and exit costs under the pension plan.
At the time of payment, advance income tax (25%) is calculated and, if at least 10 years have not passed since the beginning of the insurance, also insurance business tax (8.5%). FURS will later calculate the income tax along with the income tax assessment.
Withdrawal of individual insurance funds is possible regardless of the duration of the insurance.
The amount of the payment is affected by obligations under tax regulations and exit costs under the pension plan.
At the time of payment, advance income tax (25%) is calculated and, if at least 10 years have not passed since the beginning of the insurance, also insurance business tax (8.5%). FURS will later calculate the income tax along with the income tax assessment.
Why are lump sum payments taxed?
The purpose of pension insurance is to start receiving a lifetime pension upon retirement. Therefore, tax deductions are recognized for premium payments.
In cases where we want a lump sum payment, it is a misuse of funds, so we are not entitled to tax relief.
Taxation is done through income tax. The pension insurance provider first calculates and pays the income tax advance (25%), and FURS then calculates the income tax assessment.
In cases where we want a lump sum payment, it is a misuse of funds, so we are not entitled to tax relief.
Taxation is done through income tax. The pension insurance provider first calculates and pays the income tax advance (25%), and FURS then calculates the income tax assessment.
What about the death of the insured?
Savings are paid out to the beneficiaries (heirs) listed on the insurance policy or certificate of inclusion or as derived from the decision on inheritance.
The amount of the payment is affected by obligations under tax regulations and exit costs under the pension plan.
The amount of the payment is affected by obligations under tax regulations and exit costs under the pension plan.
 If you have any other questions, we will be happy to answer them in one of our branches, where our experts are at your disposal, or click on the I am interested button, submit your information and we will contact you as soon as possible. |
Are you interested in Individual additional pension insurance? The conclusion is simple.
080 17 70
In the branch
We are the most accessible bank with the widest network, where you can take out insurance and provide various other services throughout Slovenia.
Insurance documents | |
| Pension plans and other documentation for SAVA pension insurance |
* Insurance is not a banking service. Nova KBM acts as a marketing agent, while the insurer is Zavarovalnica Sava.
