You've likely already thought about saving money for your retirement. It makes a lot of sense, especially when you consider the tidy tax break it also gives you every year. So what are you waiting for? Open our KBC Mobile app and get saving for your pension in just a few steps. It's faster and easier than ever before!
Follow these easy steps:
- Open our KBC Mobile app and go to your accounts, tap the plus symbol at the top right and then ‘Open Pricos’ .
- Get the relevant details of the pension savings fund you're buying into and read them carefully before tapping 'Open'.
- Set up a standing order to save for your pension if you wish, indicating for how much, when it is to be paid and from which account.
- Check your application details you're then shown, tap on to see details of the pension savings fund and read them carefully, confirm, sign...
…and you're done!
How much to save
Check how much you can set aside each month. If you can do without some of that for a long time, you might want to consider putting it into a pension savings fund. With us, you can save from as little as 10 euros a month towards your pension.
30% tax relief
You get 30% of the amount you deposit back in tax the following year. This year, you can declare up to 940 euros in your tax return as pension savings, 282 euros of which you'll get back.
How to save the full tax-deductible amount
Save 78,34 euros a month by standing order to reach 940 euros and get the full tax break available. Our KBC Mobile app shows you your pension savings and lets you see at a glance how much you still need to pay in to get the maximum tax relief available for this year.
How are my pension savings taxed?
When you turn 60 or ten years after starting to save for your pension, you pay a one-off favourable-rate final tax.
Why you should start saving for your pension
Your state pension is less than your final salary. By choosing to save, you'll build up a reserve and get 30% tax relief.
Getting started with pension savings
As soon as you start work and are 18 or over, you can start saving for your pension. And that's a very good idea, too, because starting early has lots of benefits.