Retirement benefit for your employees

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What is the European Pension?

The Pan-European Personal Pension Product (PEPP) is a voluntary retirement savings product based on EU regulations. It offers strong competition to local supplemental retirement savings and is available in Poland as well as in Ireland. It is simple, modern, affordable, and has higher expected returns. A key feature is its portability when changing residence within the EU.

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Popular employee benefit

Hundreds of employers contribute to their employees' European pension, reducing turnover and increasing engagement and loyalty. For employers, contributions up to 100% of the employee's annual salary are Deductible business expense.

  • Employer contributions
  • Larger employee pension
  • Easy implementation
Employers who contribute to PEPP with us
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What pension can your employee receive?

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Values in terms of current prices info

Expected PEPP pension info

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Higher Returns Without Worries
6 year

Investing involves risk. Past returns are no guarantee of future returns.

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Investing involves risk. You can find details about investment risk in this blog.

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"We were the first employer in Europe to introduce the European pension benefit from Finax. The product effectively grows contributions, enabling us to help employees secure their retirement. It is also very simple, clear, and understandable for our employees. We are very satisfied with it."

Monika Vizváryová

Finance Department

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"We offer the European pension to our employees as a benefit that motivates them to think about their retirement future. We chose Finax for their approach to money growth, as we consider passive investing the most beneficial for long-term savings. We also believe that with PEPP and Finax's blogs, our employees will better understand their finances, and many have already used other Finax products."

Tomáš Gazda

Chief Executive Officer

European Pension vs. the 3rd pillar

The same cost for your company, a bigger pension for your employees.

PEPP's standardized rules ensure product consistency in areas such as transparency, investment rules, and transfer rights. The savings and payout terms are determined by the laws of individual countries. European oversight protects the product from interference by local governments. More information on the comparison can be found here

European Pension PRSA
Fund charges
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Risk
Placeholder Image Automatically reduced
Placeholder Image Depend on selected fund
Pension payout
Placeholder Image Gradual with appreciation
Placeholder Image Varies, with low returns
User comfort
Placeholder Image Online, the same across the EU
Placeholder Image Partial transparency
Transferability
Placeholder Image Within the EU
Placeholder Image Within the EU
Education
Placeholder Image Blogs, podcasts, videos
Placeholder Image Some, but mostly general
Legislation
Placeholder Image Under EU control
Placeholder Image Irish*

*The conditions of saving and payout phases may be subject to changes at the national level.

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European Pension for your company, too

Give your employees a benefit they will not forget.

Frequently asked questions on fees

PEPP stands for Pan-European Personal Pension Product.
It was created as the EU's response to member states' inaction on retirement issues and the challenges of Europe's aging population. Its goal is to offer a single product for all member states, establish uniform rules, and facilitate cross-border mobility and work opportunities. The EU also aims to foster competition against overpriced, outdated supplemental retirement schemes, ultimately benefiting savers.
  • Complete the document for Contract Proposal Data, available for download here
  • Based on the questionnaire, we will create an Employer Agreement for you
  • If you would like to review the contract in advance, contact us at [email protected]
  • provide an original excerpt from the Commercial Register, which must be no older than three months.
  • you can then make contributions to employees at your preferred frequency - one payment and one report for all employees (we will provide the exact format)
The minimum number to introduce PEPP in a company is one employee.
A product with enormous potential across Europe that aligns with the philosophy of the Finax company. Generally, private pension systems across Europe are very rigid, lacking innovation and facing significant entry barriers that reduce the necessary competition. Most pension systems are decades old. During this time, the financial sector has advanced, but pension savings have not reflected these changes. Pensions are the most pressing issue for the aging European population. Therefore, innovation and liberalization of pension markets are urgently needed to secure our future. PEPP has a strong premise to bring new modern and innovative players to the pension markets. Finax's main goal is to revitalize pension markets so that, in the end, primarily savers benefit in the form of larger pensions, savings flexibility, lower costs, and transparency.
Yes. The law does not restrict the saver to using only one type of pension savings. The same applies to the employer. Tax relief on contributions made by the saver to a PEPP or a PRSA is available up to a combined annual limit based on the saver's age and earnings — ranging from 15% of net relevant earnings for those under 30, up to 40% for those aged 60 and over, subject to a maximum earnings cap of €115,000. This limit is shared across all private pension products — PEPP, PRSA, and RAC combined — not applied separately to each. Employer contributions are treated separately and do not reduce the saver's own relief entitlement.
PEPP is designed as a cost-efficient pension product across the EU, with European regulations capping total annual fees at 1% of the saver’s average assets. Finax offers an even lower-cost structure, charging a management fee of 0.6% + VAT (0.74% annually).

The total cost of the basic PEPP is approximately 0.9% per year. This includes 0.6% for portfolio management, 0.14% VAT, and around 0.16–0.22% in underlying ETF costs already reflected in their pricing.

In general, many traditional pension products across markets can have higher management charges, possible performance fees, and additional operational costs—making PEPP a comparatively transparent and cost-effective option.

If you decide to move and work in another country, you have several options. You can continue contributing to your original account or open a sub-account in the country you are moving to. It also depends on the offerings of your PEPP provider. You can also transfer your savings to another provider. Answers to questions regarding the portability of PEPP can be found in this article.