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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.
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.
- With few exceptions, PEPP savings stay locked until retirement - so the money is there when you need it most. This helps ensure that your savings will truly serve for a carefree retirement when you need them most.
- We have minimized the fees, significantly below the limits of the pan-European personal pension product (PEPP). The European pension from Finax costs only 0.6% per year + VAT. You don’t pay any other fees to Finax, which means your pension savings will grow faster.
- Returns from the European pension will be taxed by a withholding tax, similar to the 3rd pillar schemes. Your personal contributions into the European pension can usually be written off and used to reduce the tax base, helping you save on taxes while building financial security. PEPP is also an attractive form of employee benefit for responsible employers who think about the future of their employees.
Investing in ETFs
Time is the best ally for investors. Long-term investing maximizes your chance of successfully achieving your goals.
- Your investments are completely flexible – you can add or withdraw money anytime without any fees or withdrawal periods. Finax takes care of everything effortlessly and without unnecessary complications. You can focus on what you enjoy, while your money grows peacefully and without stress.
- For a transparent fee, you get a professionally managed portfolio, automated adjustments, and tax optimization. You don’t have to worry – just relax.
- By investing in ETFs, you earn returns exempt from income tax if you leave your money invested for at least one year. This means all the money you earn stays fully yours, without worrying about tax returns or forms. Finax tracks everything for you and ensures that you can invest with peace of mind and without unnecessary worries.
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). 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.
Unlike term deposits, mutual funds, life insurance, where your money is often ‘locked up,’ at Finax you have complete freedom. You can withdraw your funds at any time without penalties – no waiting for notice periods, no fees for early withdrawals, and no unnecessary restrictions.
However, your savings will not sit idly – they work for you in financial markets, growing long-term, efficiently, and wisely, and when you need them, they will be available in just a few days.
This combination of flexibility and profitability is ideal for anyone who wants peace of mind, security, and access to their money when the right time comes.
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?
- Opening an account at Finax is simple and fully online. Just click on "Let's start" in the top menu bar. From there, you will be taken to the registration page where you can choose your investment goal and answer a few questions regarding your investment preferences and risk profile. Based on your answers, we'll select a suitable investment strategy for you. Afterwards, you'll create your online access, verify your identity using biometrics, provide personal information, confirm your contact details, and sign the portfolio management agreement online. Once you've completed these steps, nothing will hold you back from growing your wealth efficiently. More information.
- Finax was established by Juraj Hrbatý, a seasoned financier with 16 years of experience, and Radoslav Kasík, who brings 9 years of experience as a portfolio manager. The company's management team also includes Ján Jursa, Ján Tonka, Michal Vaculík, and Juraj Šnirc, each with extensive backgrounds in various departments of banks, securities traders, and asset management companies. More information about the Finax team.
- Finax charges a portfolio management fee of 1% per annum plus VAT, calculated based on the average account value throughout the year and deducted monthly. If the volume of the client's assets managed by Finax reaches at least 100,000 euros, this fee will be reduced to 0.85% per annum plus VAT. For assets over 500,000 euros, the fee is reduced to 0.65% p.a. + VAT. For further details on Finax service fees, please refer to our Price List.
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Check the ongoing promotions to obtain an even higher discount.
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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