BOV gives pension plans from simply € 40 per 30 days
Whether retirement is years away or your next stage in life, it is important to plan your lifestyle ahead of time You want to live or experience after reaching retirement age – whatever the case, tis iming important.
Bank of Valletta, a tied insurance intermediary for MAPFRE MSV Life offers its customers a range of affordable retirement plans that aim to complement the state pension and provide the necessary financial stability in retirement.
The personal pension plans are medium to long-term savings plans that are particularly suitable for employees. Self-employed, skilled workers and employers. The plans from € 40 per month or € 1.33 per day and one can choose to save the amount they want per month, the Age at which benefits become available, when Increase or decrease the monthly savings amount and when to stop and restart the plan in case circumstances change. It goes without saying that the younger you start planning this important milestone in life, the more wealth there can be amassed until retirement. In fact, anyone between the ages of 18 and 59 can tackle these plans. In addition, these retirement plans qualify for tax incentives and therefore a 25% tax credit up to the maximum amount set by the government may be granted. Under current law, a tax credit of up to € 750 per year can be granted.
“We all work very hard all our lives to secure our future and that of our respective families. The level of wealth that we can set aside during this period will have a significant impact on our ability, or otherwise, to maintain our standard of living while ensuring an enjoyable and comfortable retirement, ”said Simon Azzopardi, Chief Wealth Management Officer at Bank of Valletta. “Individuals At present it will be very difficult for salaries well in excess of government pension payments to adjust to the reality of much lower income levels. Hence, iIn the absence of proper retirement planning, the pension payments will most likely be the main source of income. In the absolute majority of cases this will fail to meet age goals and aspirations.”
“As a result, the Bank of Valletta offers these flexibly and affordable MAPFRE MSV pension plans through its network help customers plan ahead and look to the future with confidence without affecting or lowering their current standard of living,Azzopardi Castle.
The Bank of Valletta knows full well that planning something is not always easy so the future The bank provides assistance and advice on retirement planning through its network of branches and investment centers above Malta and Gozo. To adjust above Simply fill out this online form to receive a free consultation with a BOV pension specialist https://www.bov.com/mytoolkit/bankassurancequote.aspx, send an email to [email protected] or call 2131 2020.
For more information, see https://www.bov.com/content/insurance—retirement-planning.