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 5 easy steps
- Open the KBC Mobile app and go and go to 'Savings' (beside the piggy bank icon at the bottom of your screen) and then tap 'Tax-efficient savings and investment'.
- Tap the plus symbol for ‘New tax-efficient product’ first and then ‘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.
See the advantages to saving for your retirement with a pension savings fund that invests more in bonds than in shares.
Pension savings fund
A pension savings fund invests in shares and bonds. You can expect to achieve a higher return in the long term, but there is some risk involved.
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.