When it comes to retirement planning, it’s never too late to start. However, if you plan to reap the most benefits out of it, you are much better off starting early! Besides, it’s investment choices like these that will truly determine the lifestyle you are able to lead once you do retire.
If you’re with us so far, then we can already tell that you’re thinking about making the right choice here. Fortunately, with the MAPFRE MSV Life Personal Pension Plans, you can start saving towards your retirement for just €40 a month! Our Personal Pension Plans offer you various investment options to choose from ranging from capital secured options to exclusive Lifestyle managed funds that seek to match the investment strategy to your projected retirement date. On all our options you can benefit from a tax credit which for this year amounts to 25% of the amount you manage to save, up to a maximum of €750.
Without further ado, with our Plans you will be able to:
• Build up an amount of money that will be used to provide you with tax-free cash lump sum which you will be able to access around your retirement date in order to supplement the state pension you receive with the balance being used to provide you with supplementary income for life!
• Save over the long term and access the investment options that you prefer.
• Have the option to invest in the MAPFRE MSV Life With Profits Fund.
• Benefit from a tax credit of up to €750 if you act now and take up a Personal Pension Plan before the end of 2021!
It’s pretty difficult to pass up these perks. That said, you are probably wondering, “What’s expected from my end, exactly?” Well, it’s quite simple really. All you have to do is:
• Make regular contributions throughout the duration of your Plan.
• Keep the Plan invested until you decide to take up your retirement benefits.
Naturally, the longer the term of investment, the more benefits you can expect to enjoy going forward.
Don’t try to wing it by hoping for the best, invest in and secure your future. Believe us when we say that when it comes down to it, you will be glad knowing you made the right choice for your future!
Ready to get started?
Find out more by contacting us at firstname.lastname@example.org or visiting www.msvlife.com/life-insurance/personal/retirement/simple-and-secure/personal-pension-plan/.
Current legislation states that you will be able to start taking your benefits when you are between the ages of 61 and 70 (or any other age specified in S.L. 123.163 under the Income Tax Act, or any Regulations substituting this legislation). At which time you can choose to receive up to 30% of the fund as a tax free lump sum, with the balance used to provide you with a regular income.
Tax treatment depends on the individual circumstances. Tax legislation & the amount of rebate may change in the future. MAPFRE MSV Life p.l.c. (C-15722) is authorised by the Malta Financial Services Authority (MFSA) to carry on long term business under the Insurance Business Act, Cap 403 of the Laws of Malta. MAPFRE MSV Life p.l.c. is regulated by the MFSA.