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3RD PENSION PILLAR NEWS - 2016 12 22 - 15:40

Changes in receiving tax allowances of the 3rd pension pillar

On 01/01/2017, amendments to the law On the Personal Income Tax which impose changes to the regulatory framework of tax allowances for customers that withdraw capital from the 3rd pension pillar will come into force.

If you use tax allowances and you have the right to receive the saved capital, then you have to keep the payments made in the calendar year in the pension fund for at least two years – unless a payment is made from the share of the capital that has been saved until 31 December 2016.

Amendments to the law determine that hereafter contributions to the 3rd pension pillar, which are declared as eligible expenses, will be subject to personal income tax if they are withdrawn before this date.

As before, you will be able to receive the savings from the 3rd pension pillar in 5 week days.

If you have any questions, contact us by phone: 67215681.

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