Savings for an employee

Informative calculation of the benefits offered by voluntary pension insurance in terms of employee's income. Using informative calculation can determine what the effects on employee's income will be, if the employee consents to divert part of his/her gross salary into a Voluntary Pension Fund through a professional pension scheme organized by his/her employer.


“Sacrificing part of my salary for NLB Pension Plus reduces the costs I am paying while I am building my savings for retirement.”

Aleksandar, Member of NLB Pension Plus


The beneficiary is required to enter the following data:

  • the amount of net salary of the person, i.e. employee
  • how much of his/her gross salary the person wants to pay into the Voluntary Pension Fund

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


If you decide to pay part of your salary into the Voluntary Fund
Amount of net salary
Amount of your net salary reduction Amount of money paid into your pension account Annual savings
Per month
Amount of your net salary reduction Amount of money paid into your pension account Annual savings % of increase compared to payment through net salary
For entire year
(if additional costs for PIT and profit tax are borne by the company)
For entire year
(if additional costs for PIT and profit tax are borne by the employee)
Additional costs for payment of total annual contributions into the Voluntary Fund over the legal maximum
Annual contribution paid
PIT
Profit tax

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.