Savings for the company

Informative calculation of the benefits offered by voluntary pension insurance in terms of company's costs. Using informative calculation can determine what the effects on company's costs will be, if the employer decides to promote its employees by paying contributions into a Voluntary Pension Fund through a professional pension scheme, instead of increasing employees’ salaries.


The beneficiary is required to enter the following data:

  • the number of employees for whom the employer would pay contributions into the Voluntary Pension Fund through a professional pension scheme
  • the amount of average monthly net salary for the corresponding number of employees for whom the calculation is made
  • what additional amount the employer is willing to allocate per employee

The payment of retirement benefits from voluntary pension insurance is taxable under the provisions of the Law on Personal Income Tax.


Total cost if you choose a pay rise Total cost if you choose voluntary pension insurance Monthly savings if you choose voluntary pension insurance Annual savings if you choose voluntary pension insurance
Per employee
For all employees

Input parameters used in the calculation:

  • The monthly personal exemption amount that applies for 2016
  • The highest basis for calculation of salary contributions valid for 2016
  • The exemption from PIT and profit tax for contributions paid into a Voluntary Pension Fund, valid for 2016.