IN A PENSION FUND
Be prepared for the golden years ahead.
Ready to invest for your retirement?
You can invest in the pension fund individually or through an employer’s professional pension scheme.
Whether you’re starting for the first time or adjusting your contributions, we’re here to guide you through each step:
ADVANTAGES OF INVESTING IN A PENSION FUND
Additional income during retirement
Ensure a more comfortable and financially secure retirement.
Inheritable – your saving are not lost
Your accumulated assets can be passed on to your beneficiaries.
Transparency
Monitor your pension investment performance anytime, online.
Flexibility
You can access your pension up to 5 years before the legal retirement age, either through periodic payments or a lump-sum withdrawal.
Tax benefits
Contributions are tax-deductible up to a certain limit, for both employers and employees.
Transferable
Your fund can be transferred to another licensed management company at a 0.5% fee of the accumulated assets.
FREQUENTLY ASKED QUESTIONS
Why is it important to contribute to a private pension fund?
Because the state pension alone may not be enough to maintain your current lifestyle after retirement.
A private pension fund helps you build additional income for the future.
Tax benefits and the direct link between your contributions and your accumulated pension account value are just two of its main advantages.
What is a professional pension plan?
An employer can establish a professional pension plan for their employees by signing an agreement with a licensed pension management company.
In this case, contributions are shared between employer and employee. Any contribution made by the employer on behalf of the employee is considered as paid by the employee.
When can I start receiving pension payments?
You can begin receiving your pension—either through periodic payments or a lump sum—up to 5 years before the legal retirement age, without penalty.
Early withdrawals before this period are subject to penalties according to current legislation.
Is the fund insured by the Albanian Deposit Insurance Agency (ADIA)?
No. Pension funds are not insured by the Deposit Insurance Agency. This is in line with international pension fund global standards.
Can the pension fund offer a fixed rate of return?
The return from investing in the pension fund depends on market conditions, the fund’s characteristics, and its investment strategy. The pension fund cannot guarantee a fixed or pre-determined rate of return.
What happens in case of permanent disability?
A member of the pension fund has the right to receive pension payments, either as periodic installments or as a lump-sum payment, in the event of permanent disability.
What happens in the event of the member’s passing before retirement age?
If a member passes away before receiving all their accumulated assets, the remaining balance in their pension account will be transferred to their legal heirs.
How safe is my money in a pension fund?
Pension funds are regulated entities supervised by the Albanian Financial Supervisory Authority (AMF).
Additionally, every pension fund has a custodian — an independent financial institution licensed by the AMF — responsible for safeguarding the Fund’s assets and verifying their value.
