FLASH
Shkruar nga Pamfleti
The profound demographic changes of the last decade, also reflected in the Albanian population census data, according to financial experts, jeopardize the sustainability of the current public pension scheme.
For this reason, private pension contributions are becoming increasingly important in Albania, bringing increased interest to the SIGAL Pension Fund.
Investing in private pensions is being seen as a necessity for families and individuals aiming for a secure retirement.
This seems like a smart solution, but in order for the solution to be as profitable as possible, there are several issues that investment fund and pension experts should be asked about.
Mr. Edmond Koçi, Deputy Director of SIGAL Invest and Regional Sales Director, emphasizes that early contributions are one of the essential issues that should be taken into account. Early contributions offer great advantages as they allow for long-term investments with small initial contributions that gradually increase over the years.
"This helps increase the performance of your pension in old age. Because the fact that you started at an early age creates the opportunity to have many years to invest. An investment that lasts 30-40 years gives you the opportunity to have a sufficient pension in old age," said Mr. Koçi when asked by the Top News cameras.
The time when investing in private pension is very important because compound interest causes the profit created to be added to the capital and generate new profit over the years.
Equally important is choosing the right fund that guarantees security and better results for the investor. Choosing the right fund to invest your pension in is another key to success.
"Investing in the SIGAL Private Pension Fund provides many advantages for its members. The funds that we accumulate are invested and invested with a rate of return of about 4.5%, which is a very satisfactory rate compared to other investments that may be available in the investment market. Making a decision to invest in a private pension fund is a very good investment, especially for individuals who are at a young age, it is a very good advantage that they have a lot of time to invest", added Mr. Koçi in this statement to the media.
The heritability and inviolability of these funds are two guarantees that should encourage every young person to join these funds.
"All assets are inheritable. They are not lost, they go to family members. Also, the assets that an individual has in a private pension fund are inalienable property. They cannot be blocked by third parties if the individual has financial problems. They are funds dedicated to old age and are protected by law."
By investing in a private pension fund, individuals legally benefit from tax breaks, any payment made from the salary to the private fund is deducted from the salary for income tax purposes. This exemption is worth up to ALL 600,000 per year after the minimum salary increase of 50,000 lek. Companies can also create pension funds for their staff and any expenses made for this purpose are deducted from tax.
The value of a fund's net assets is an indicator of financial stability and guarantees. According to the AFSA's end-September report on private pension markets, SIGAL Pensione has the highest market volume of almost 38 million euros in net assets, approximately 38% of the total of the entire private pension market in the country.
Another guarantee for contributors is that the SIGAL Pension Fund is part of SIGAL Insurance Group, the largest insurance company in the Albania, Kosovo and North Macedonia region.
Lini një Përgjigje