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Pension Plan Proposal. Issued March 2002. Content. Alternatives and legal requirements Your company‘s requirements Our recommendation Facts and figures Benefits for you and your employees For further information. 1. Alternatives and legal requirements.

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pension plan proposal

Pension Plan Proposal

Issued March 2002

slide2

Content

  • Alternatives and legal requirements
  • Your company‘s requirements
  • Our recommendation
  • Facts and figures
  • Benefits for you and your employees
  • For further information
slide3

1. Alternatives and legal requirements

Pension Pool„Pensionskasse“(under legal control)

Relief Fund„Unterstützungs-kasse“

Pension

promises

Pension Fund„Pensionsfond“

Direct Insurance

Employee

claims ...

to

pension pool

to agency handling

the „Pensionsfond“

via relief fund to employer

direct to employer

to insurance

employer: reserve for pending claims or reinsurance necessary

employeror employee

employer and/or employee

employer and/or employee

employer and/or employee

Payed by ...

claim up to

256.000 € or 25.800 € annual pension

max. 1.752 € p.a.or 2.150 € ifbased on average

max. 1.752 € p.a.or 2.150 € ifbased on average

to 4% of

base salary

Limit ...

unlimited

tax deductible operatingexpenses if payed by employer,flat-rate tax if payedby employee

neutral if reinsured,otherwise tax

reduction

Taxationemployer ...

tax deductible operating expenses

tax deductibleoperating expenses

tax deductible operating expenses

flat-rate tax during saving period,payment free of tax if payoff all at once,partly free of tax if paid as annuity

free of tax but only according to „ Riesterrente“

Taxationemployee ...

only subject to taxduring pension period

only subject to taxduring pension period

  • huge amount of work concerning balance
  • full responsibility
  • complicated for HR
  • tax savings possible
  • risk transfer
  • very easy to handle
  • flexible investment

Issues for employer ...

  • risk transfer
  • very easy to handle
  • risk transfer
  • easy to handle
  • risk transfer
  • very easy to handle
  • low flat-rate tax
  • saving of social insurence contribution
  • tax reduction by shifting salary to pension period
  • high yields possible
  • tax reduction by shifting salary to pension period
  • only annuity possible
  • low yield

Issues for employee ...

  • higher yield possible
slide4

Content

  • Alternatives and legal requirements
  • Your company‘s requirements
  • Our recommendation
  • Facts and figures
  • Benefits for you and your employees
  • For further information
slide5

2. Your company‘s requirements

  • Both employer and employee should be allowed to contributeto the Pension Plan
  • Employer‘s payments should be tax deductible
  • The risk/return ratio needs to be well balanced
  • „Provider“ should offer a variety of appropriate solutions in order to attract all employees
  • Easy handling for HR – avoid additional workload
  • Service for the employees should be covered by external financial advisor
  • What else is important for you? Just let us know...
slide6

Content

  • Alternatives and legal requirements
  • Your company‘s requirements
  • Our recommendation
  • Facts and figures
  • Benefits for you and your employees
  • For further information
slide7

3. Our recommendation: The Relief Fund „Unterstützungskasse“

  • Pro‘s for the you as an employer:
    • Very flexible
    • Almost unlimited
    • Different options within this system possible
    • Easy handling for HR
    • Meets all needs
  • Pro‘s for your employees:
    • High yield
    • Well balanced risk/return ratio
    • No limit
    • Tax saving
slide8

Employer

Employee

Contributions

Supply

Insurance

Company

How does the Relief Fund „Unterstützungskasse“ work?

Employee defines individual pension plan within a givenframework

slide9

and employee

Employer financed

Employee financed

  • different partners possible
  • different options possible
  • high flexibility: - annuity / payoff
  • - live / rent insurance, investment
  • employer provides determined pension plan
  • employee can enlarge it by own contributions

Very

attractive Pension Plan

Direct insurance

employee financed

Relief Fund – financed by employer

Relief Fund

slide10

The two pillars –

Why should they be combined

Direct Insurance

Relief Fund „Unterstützungskasse“

  • 20 % flat tax rate
  • Only subject to tax during pension period

Taxation

  • No contributions in case of disability
  • Disability annuity
  • Payment in case of death
  • Widower insurance
  • No contribution in case of disability
  • Payment in case of death

Supplements

  • High profits possible, yield on gross salary
  • Tax reduction by shifting salary to pension period
  • Tax free even during pension period
  • Flat tax rate during contribution period
  • Good profits

Advantages

  • As supplement to direct insurance
  • For tax saving reasons
  • For employees with high salaries
  • As basic insurance
  • To add supplements

Suitable ...

slide11

Benefits of combining Relief fund with Direct Insurance

Direct insurance

Relief Fund

  • mainly responsible for:
  • old age pension
  • tax saving
  • high profits
  • mainly responsible for:
  • disability insurance (stand alone or in combination with life / pension insurance)
  • risk life insurance

Attractive Pension Plan

  • Advantage of the combination:
  • annuity / payoff for disability insurance is partly or fully tax free via direct insurance
  • higher contributions possible in total
  • high flexibility concerning benefits (payment in case of death, disability, early retirement)
slide12

„Konzepttarif“

Portfolio

Life / Pension insurance

Investment Pension

  • Portfolio
  • 70% REX
  • 30% stocks (managed)

Combination of life / pensioninsurence and investment

Regular life / pension insurance

  • stability of return oninvestment
  • good diversity based ondifferent fonds or asset management
  • low risk
  • high yield based on efficientasset management
  • best fonds / shares of leading fond companies
  • payment in case ofdeath possible
  • disability insurance can be integrated
  • no risk
  • high reliability
  • stable return on investment
  • appropriate profit
  • payment in case ofdeath possible
  • disability insurance includingannuity can be integrated
  • stability of return on invest-ment due to mixture of REX and shares
  • low risk through REX
  • high yield based on pro-fessional stock manage-ment
  • very high profits possible
  • disability insurance can be integrated

Select from our „menue“

What is it?

What´s the

benefit?

slide13

Content

  • Alternatives and legal requirements
  • Your company‘s requirements
  • Our recommendation
  • Facts and figures
  • Benefits for you and your employees
  • For further information
slide14

4. Facts and figures: annual contribution 2.250 €

Male; age 35 years; duration 30 years

Equivalent to an employer‘s contribution of 4% and annual gross salary of 45.000 €

Life / Pension insurance

Investment Pension

Konzepttarif

guaranteed payment

107.000 €

105.000 €

83.000 €

total payment

(incl. profit)

251.000 €

230.000 € to 310.000 €

277.000 €

paymentin case of death

90.000 € + profit

available balance

available balance

guaranteed

annuity

579 €

536 €

435 €

total annuity

1.964 €

1.780 € to 2.120 €

2.235 €

contribution

67.500 €

contribution

67.500 €

contribution

67.500 €

payment

251.000 €

payment

278.000 €

payment

285.000 €

all total payments are

calculated and not

guaranteed

slide15

Content

  • Alternatives and legal requirements
  • Your company‘s requirements
  • Our recommendation
  • Facts and figures
  • Benefits for you and your employees
  • For further information
slide16

Advantages for youas an employee

Advantages for your employees

  • No additional cost for the pension plan(our commission is paid by theinsurance)
  • We make your life easier by
    • handling the pension plan
    • advising your employees
    • monitoring the legal requirements
  • We support your HR department(proactive information about legalchanges, know-how transfer how toput it into practice)
  • We help you increase your attractive-ness for your employees by offeringa special pension plan
  • Every employee will find an optionfitting him perfectly
  • Individual information about pensionplan
  • We are the direct contact person –every day
  • Full-service regarding all questionsconcerning the pension plan

5. Benefits for you and your employees

slide17

Content

  • Alternatives and legal requirements
  • Your company‘s requirements
  • Our recommendation
  • Facts and figures
  • Benefits for you and your employees
  • For further information
slide18

6. For further information

...or visit our website

http://www.moneyoptimal.de/

Please contact...

Richard Aigner and/orJürgen Held

moneyoptimal GmbHBajuwarenstrasse 4381825 München

Tel: 089 / 427 207 - 00 Fax - 01

service@moneyoptimal.de