Secure a relaxing retirement
Finax manages your money so you can enjoy a well-deserved rest - worry-free.
Why think about retirement today?
The state pension may not be enough
Due to the aging population the state will only struggle more and more trying to obtain money for pensions. Your state pension might not suffice for a decent living.
Financial independence in old age
Think about your future – with good savings, you can enjoy life according to your own preferences.
The sooner you start, the less you need to save
Retirement arrives faster than you think - delay now and it’s hard to catch up later. The longer you invest, the more you will earn.
Early retirement
Have you thought about retiring earlier than the state tells you? Retirement is determined by one number - make it wealth instead of age.Your path to financial stability.
Tax-advantaged
We invest in instruments that allow residents of some European countries to pay no tax on gains.
Diversification
Your savings will be spread across thousands of stocks and bonds from various countries and economic sectors.
Fair fee
Only one low portfolio management fee. No additional fees for deposits, withdrawals, performance, or ETF trading.
European Pension PEPP
PEPP is a long-term pension product that helps you prepare for the future simply, efficiently, and designed to ensure you can rely on stability in your retirement.
Investing in ETFs
Time is the best ally for investors. Long-term investing maximizes your chance of successfully achieving your goals.
National Bank of Slovakia. We consider acting in the best interest of our client as our mission. The permission of the National Bank of Slovakia can be found here.">
Why invest for retirement today?
How to start investing?
Complete a short questionnaire and set a strategy that fits you.
Sign up and sign the contract online.
Set up a standing order for payments and make your first deposit.
Track everything via the app and monitor your deposits.
How can Finax help with your retirement?
Finax offers you two modern investment solutions, that will help you build wealth to secure a retirement according to your needs and wishes.
European Pension - PEPP
PEPP is a long-term pension product that helps you prepare for the future simply, efficiently, and designed to ensure you can rely on stability in your retirement.
Investing in ETFs
Time is the best ally for investors. Long-term investing maximizes your chance of successfully achieving your goals.
Check out real examples of our clients
European Pension - PEPP
I’ve worked with my hands all my life. I don’t want my retirement to be about counting every euro. With Finax, I save for retirement, and today I know I won’t have to rely on my children in my old age. I can’t wait to fully enjoy my hobby – fishing.
Pavol
| 40 yearsAssembly Worker
Investing in ETFs
With two kids and a full-time job, I didn't have time to deal with complicated investments. Finax has given me peace of mind - I invest regularly for retirement and everything is working itself out. When I imagine the future, I see myself on the patio, with a cup of coffee, not stressed about money. That security is priceless.
Zuzana
| 34 years oldTranslator
Advantages of investing in retirement through Finax
Why invest in retirement through Finax?
We handle everything for you. No stress, no unnecessary questions. Retirement investing is as easy as never before.
Saving for retirement is often associated with uncertainty and complexity. Finax allows you to handle it without unnecessary stress or efforts. We will create a personalized investment plan, tailored to your needs, which automatically adjusts itself according to your age and attitude towards risk. We automatically rebalance your portfolio, so that the original investment composition remains optimal for you.
Low fee means more money for you
Transparent and low fee that won't threaten your returns.
If you opt for Investing in ETFs, you will pay us only 1% + VAT per year, significantly lower compared to traditional pension products or pension insurance schemes. If you opt for European pension (PEPP), the fee drops to 0,6% + VAT a year (in exchange for locking the money until reaching the retirement age). The total cost for the basic PEPP is 0.9% – of which 0.6% is Finax’s revenue, 0.14% VAT (charged together as a fee), and 0.16–0.22% are internal ETF fees already included in their price. No entrance or performance fees, typically charged in most pension schemes.
Lower fees mean that more of your money remains invested and appreciates for you. Everything is transparent with no hidden costs, meaning you know exactly how much and for what you're paying. Lower fees = larger pension.
Commitment according to your needs
You may pick and choose between full flexibility or locking your savings until the retirement age.
Finax offers two pension products with different commitment periods. The product Investing in ETFs allows for full flexibility. You may withdraw the funds at any time and the money will arrive in your bank account within a couple of days. This combination of flexibility and perfrormance is ideal for anyone who wants to make sure that they will always have their money available in times of need.
The product European pension (PEPP) only allows for usage of the funds invested upon reaching the retirement age. However, many deem this a good thing as they fear they would not be able to resist the urge to prematurely withdraw their pension savings (e.g. to purchase a new car). PEPP, therefore, offers a guarantee of maintaining discipline. In exchange, it offers a reduced management fee of only 0,6 % a year + VAT. The total cost for the basic PEPP is 0.9% – of which 0.6% is Finax’s revenue, 0.14% VAT (charged together as a fee), and 0.16–0.22% are internal ETF fees already included in their price.
Compound interest in practice
Earn returns on returns - effortlessly.
Compound interest is a powerful tool that makes investing a long-term profitable strategy. If you reinvest returns, you earn on the previous returns – the longer you invest, the faster your retirement grows. With us, this happens automatically. Just save regularly and leave the rest to us.
Tax advantages for your carefree future
With our pension products, more money remains in your pocket.
The tax regime depends on which one of our two products you choose. In the case of Investing in ETFs, the returns are usually tax-exempt after a certain period. This means that you don't have to give money to the state and the entire profit remains in your pocket. Therefore, you will me left with greater funds for a comfortable retirement - without hassle and useless bureaucracy, which we will handle for you.
The returns from European pension (PEPP) are usually subject to tax. During the payout phase they will be likely subject to withholding tax, just like a standard pension scheme. You may save on taxes during the saving process, as you can usually write-off your own contributions into PEPP. Keep in mind that the write-off limits are usually shared with contributions into the standard pension schemes.
Create an investment plan today
Read more about pension savings
How Much Should I Save in My 30s and 40s to Have a Sufficient Pension?
While it might not be the most pleasant thing to worry about, we have all likely wondered what our life would look like in retirement at some point. At the same time, we are all aware that the state pension wont be enough to provide us with a comfortable standard of living. That is why it is crucial to prepare in advance so that we can enjoy our golden years with financial security and peace of mind.
Pensions in a Nutshell
Pensions and retirement. Politicians, experts and us as well can’t stop going on about them. But there is a good reason why. At the end of the day, we will all have to retire. Are you familiar with the system that is supposed to take care of you when you will not be able to work anymore? In todays blog, I will walk you through the functioning of a typical European pension system.
Thinking about possible financial goals?
Got questions?
At Finax, we provide various discounts to make your investments with us even more profitable. Alongside regular special offers, we offer several permanent discounts that allow you to exempt a part of your assets from the portfolio management fee: discount for inviting a friend and for transferring investments to Finax from competitors.
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