Personal Pension Plan
Unit Linked
Today’s little moments deserve a secure tomorrow.
€ 175 Top-Up With your New Unit Linked Personal Pension Plan
This Product is manufactured by MAPFRE MSV Life
MAPFRE MSV Life p.l.c. (C-15722) is authorised by the Malta Financial Services Authority (MFSA) to carry on long-term business under the Insurance Business Act, Cap. 403 of the Laws of Malta. MAPFRE MSV Life p.l.c. is regulated by the MFSA.
Documents
Start saving for your retirement in a Personal Pension Plan which offers you flexibility and investment choice.
- Start saving for your retirement from just €40 a month.
- You can apply for a tax rebate equal to 25% of the amount you save each year.
- Supplement your state pension when you retire to maintain your lifestyle when you stop working.
- If your circumstances change, you can change the amount you save, or take a break from saving altogether.
Current legislation states that you will be able to start taking your benefits when you are between the ages of 61 and 70 (or any other age specified in S.L. 123.163 under the Income Tax Act, or any Regulations substituting this legislation). At which time you can choose to receive up to 30% of the fund as a tax free lump sum, with the balance used to provide you with a regular income.
- The MAPFRE MSV Personal Pension Plan (Unit Linked) is a long term regular savings pension plan, offering you a choice of various investment funds.
- It allows you to save on a regular basis and to invest additional lump sums at any time in the future. The value of the Plan is linked to the value of the underlying investments of your choice.
- Contibutions to the Plan qualify for a tax credit for those meeting the necessary eligibility criteria below.
- To build up a sum of money which will be used to provide a tax-free cash sum when you retire and a regular income for the rest of your life, in order to supplement the State Pension.
- To help your retirement planning cope with changes in your personal and financial circumstances.
- To offer you a wide and flexible choice of where to invest your savings.
- To provide a cash sum to your wife, husband or dependant(s) should you die before retirement.
- To make regular contributions for the life of the Plan.
- To keep the Plan invested until you choose to take your retirement benefits.
- To invest for the long term and to review your contributions on a regular basis.
- If you invest in this Product, you will not have access to your money before the retirement date.
- If you stop paying your plan before the selected retirement date, you may not get back as much as you invested as plan charges will continue to apply.
- The value of your investment may go down as well as up and you may get back less than you originally invested.
- Changes in currency exchange rates may also affect the value of investments.
- You* will need to set up a Unit Linked Personal Pension Plan with a commencement date between the 16 June and the 30 September 2025.
- The offer entitles the person setting up a MAPFRE MSV Life UL Personal Pension Plan, to a top up of €175 to your new Personal Pension Plan.
- The €175 top up will be deposited into your UL Personal Pension Plan on the 14th month following the commencement date provided that the equivalent of the first twelve consecutive monthly savings contributions would have been paid and allocated. This top up is not transferable.
- The €175 top up will be withheld in the event that the UL Personal Pension Plan is cancelled from inception.
The selected periodic premium as per application form is to be paid upon due date. Premium reductions or Premium Holidays (unpaid premiums) which are effective within the first twelve calendar months after the Plan commencement date 2025 will result - in the €175 top up being reversed and withdrawn.
- This is a limited time offer and MAPFRE MSV Life reserves the right to close this offer earlier.
- In the event there is a dispute related to the special offer, the decision of MAPFRE MSV Life p.l.c. is final and binding on each entrant and no correspondence will be entered into.
*You refers to the customer