Your business, is your second family.
It is the place where you express, through your vision, your talent and your creativity.
A prerequisite for its success is the creation of a strong team around you, which will support you in identifying opportunities, implementing ideas and helping you in every small or big step of progress.
With the PP+ pension plan from Prime Insurance, you will secure the pension needs of the employees in your company, at a cost that is perfectly tailored to your specific needs.
The Employee
According to the statistics branch (Social Insurance Services) the average pension amount in 2018 was 740 € (9,620 € annually) while during the same period, the poverty and social exclusion threshold in Cyprus was 9,202 €, which is very close to the AVERAGE PENSION AMOUNT.
THREE QUESTIONS FOR THE EMPLOYEE:
- Do you know the amount of the pension you will receive from the Social Security Fund when you retire?
- What are your net earnings for every €100 of salary you receive?
- Apart from salary, what other benefits would you like your employer to offer you?
The Employer
According to the Tax Law, both the employer and the employee (in case the employee also contributes) have tax benefits with this benefit. Further:
- An employer who offers this benefit to his employees enhances the image of his company.
- A relationship of trust, loyalty and loyalty to the company is established between employer and employee.
- The existence of such incentives increases the productivity of the company and, by extension, its profitability, and is a means of attracting and retaining quality employees.
THREE QUESTIONS FOR THE EMPLOYER:
- Do you know what the costs and consequences to your business will be if a quality employee chooses to jump to the competition?
- What is the cost of your business for every 100€ of salary you offer your employees?
- What will it cost you and your employees €100 to contribute to a pension plan?
Plan operation
Each employee has his or her own account, in accordance with the private agreement signed with the employer, where they are agreed:
- The contribution rates between the employer and the employee (the employee may or may not contribute to the plan)
- The percentage that the employee will receive from the employer's contributions in the event of separation and retirement
Each employee chooses an investment fund for his/her account according to his/her investment profile.
The plan is flexible in contributions, investment options, duration, while at the same time allowing for the withdrawal of funds for contingencies after a certain period of operation.
A QUESTION FOR EVERYONE
If you only had a total of €2.30 per day to invest, where would you put your investment?
Get your personal Quote
We will get back to you for more info and prices.
