Indicator – Economy – Every fourth customer fails to get a tax refund

More and more people are choosing pension insurance. One of the biggest advantages of the service is that 20 percent of payments in the form of a tax credit can be recovered from the annual personal income tax, up to HUF 130 thousand.

The expected pension for a 50-year-old employee with an average net salary of HUF 300,000 will be HUF 200,000, but a 40-year-old employee with a similar income can expect only CHF 150,000, Union Insurance reports. As it was calculated nHundreds of thousands of entrepreneurs are in an even worse situation, most of whom are expected to receive a pension of HUF 41,000 only after 40 years of operation..

The solution may be that in the case of pension insurance, the person who will receive the pension may differ, i.e. the insured person or the person who pays the premium, i.e. the policy holder, and tax benefits can also be recovered from the taxpayer. In this way, both entrepreneurs and those working abroad can increase their pension savings, for example, if a spouse or other close family member pays income tax.

Significant credit can be offered through a tax credit. If a man allocates HUF 25,000 per month in the form of pension insurance until his retirement at the age of 40, then savings of HUF 7.5 million can save HUF 12 million, calculated on a 4% return on investment and state support.

Among the pension insurance services, there is a scheme based not only on regular premiums, but also on individual payments. State aid is also available in this case.

Many fail to get tax refunds

The insurance company also indicated that only three out of four customers benefit from the tax credit. Those without pension insurance can still take advantage of it by paying any amount toward their contract until December 31. However, the refund will not be automatic and will have to be claimed on your tax return submitted by May 20.

There can be significant differences between different annuity insurances based on risk and return.

• Classic pension insurance guarantees a minimum return, the advantage of which is the expected savings that can be expected at retirement.
• Among the high-risk asset funds in the past five years, there is also an 8-10 percent return on pension insurance It can be foundHowever, it also carries higher risks. This solution is mainly recommended for 15-20 or even 30-year-olds until retirement.

Costs are also worth paying attention to when choosing. On the MNB . website comparable The average annual cost of each pension system. The lower the total cost ratio (TKM), the lower the cost of the asset.