In Albania, in addition to the state pension system, a private pension system has been operating for 12 years. Anyone can decide that, in addition to the mandatory contribution to the state pension (known as ‘social security’), they can contribute to a private pension fund to have a second pension: this is the private pension.

The private pension starts as a savings account which, in addition to the contribution paid by the member, also has interests (interest = profit made from the investment of the contributions).

The private pension of FPP SIGAL LIFE UNIQA offers you several benefits:

– It has more favorable conditions for seniority in work (the retirement age is 5 years before the state pension);

– The value of the pension is greater than that in state schemes;

– It has a very favorable fiscal system consisting of:

a- The contribution paid for the private pension is deducted from the member’s gross salary for the tatami effect.

b – The profit realized from investing in Securities, bonds is not subject to tax

c- The contributions that the employer pays in favor of its employees are considered deductible expenses and are not subject to profit tax.

d- The profit realized from investing in Securities, 10-year Bonds is many times higher than the profit you can get from deposits in a bank, the second level.