At Finax, we offer two strategies within PEPP: the basic strategy (100% of savings in stocks during the accumulation phase) and the alternative strategy (80% of savings in stocks during the accumulation phase). Each has a separate Key Information Document (KID).

You can find the KID for the basic 100/60 strategy here.
The KID for the alternative 80/60 strategy is available here.

These documents answer most questions you may have about the product. They explain how savings are invested, whether guarantees are provided, and what happens if you die during accumulation or move to another country.

When choosing a job, it is increasingly important for people to receive an attractive benefits package alongside their salary. With worsening demographic trends, contributions to pension products aimed at ensuring employees a dignified retirement are among the most popular benefits.

Thanks to a better-designed accumulation and payout phase, PEPP has a high chance of providing employees with a higher pension than the 3rd pillar for the same contributions. The savings plan also benefits employers, as their contributions up to 500 euros annually are considered a non-cash benefit and are exempt from taxes and social contributions.

If this benefit interests you and you help us promote it in your company, we will reward you generously. For each employee whose employer contributes to their pension account, we will manage 500 euros free of charge. And if the employer contributes for more than 50 employees, you will invest with us completely free of charge.

If you move to another EU member state during your lifetime, you can open a PEPP sub-account in the new country, either with a new or the same provider (if they offer services there). You can transfer your savings tax-free to this sub-account and continue saving under the PEPP rules of the new country.

To open a sub-account in any EU country, you must have registered permanent or temporary residence there. Transferring savings when moving is not mandatory; you may continue contributing to your original country’s sub-account.

Some countries allow transfers between PEPP and local 3rd pillar products (e.g., Poland, the Netherlands, France), but this option is not yet available in other European countries.

During the accumulation phase, your investment gains are not subject to taxation. However, when you start withdrawing your pension, the payout of savings will be taxed at source (your pension will be reduced accordingly, and the tax will be automatically paid on your behalf). This tax treatment can be considered a disadvantage compared to investing independently in ETFs, where your savings are not taxed at withdrawal if you have held the investment for at least one year.

You can read more about the comparison of various rules (e.g., taxes, early withdrawal options, etc.) for saving in PEPP, the 3rd pillar, and independent ETF investing in this blog.