As an employer, what benefits do I have if I pay into the third pension pillar for my employee?
- A favourable tax treatment of payments into a voluntary pension fund
-tax reliefs for employers and government incentives
-from 1 July 2010, payments of employers up to HRK 500.00 a month, i.e. HRK 6,000 annually, are non-taxable for the employee
-same payments of employers (applies to both sole proprietors and their employees) are considered to be tax deductible expenditures
-employers have to keep a record of paid premiums of a voluntary pension insurance and deliver the PDMO form to the Tax Administration
- Increased reputation of the employer
-increased loyalty of employees and confidence in the employer
-keeping the best employees and greater employee satisfaction
-positive social effects / emphasized social responsibility of the employer
- Long-term solution of the issue of appropriate pensions
-long-term savings and optimisation of employee costs
-one of the models of subsidising early retirement
- The cost of the system
-none, all administration carried out by AZ