BOV offers limited-time offer on Unit-Linked Personal Pension Plans
New customers offered €175 one-time top-up
Bank of Valletta, as a tied insurance intermediary for MAPFRE MSV Life, is offering a limited-time incentive on new Unit-Linked Personal Pension Plans. Customers who start planning for their retirement and take up a new MAPFRE MSV Life Unit-Linked Personal Pension Plan from any BOV branch or investment centre will receive a €175 one-time top-up to their plan.
Alexander Bezzina, head of insurance services and pensions at Bank of Valletta, said: “We’re excited to renew this offer with MAPFRE MSV Life. These pension plans offer not just long-term savings, but also the freedom to adapt the investment to a customer’s lifestyle.”
He said these pension plans can start with as little as €40 a month and contributions can be adjusted over time to give customers more flexibility and financial freedom.
“The return of this offer follows positive feedback received last year, which also highlights the growing awareness on the importance of preparing financially for the future,” he said.
The MAPFRE MSV Life Unit-Linked Personal Pension Plan allows investors to build a customised portfolio, selecting funds according to their personal risk preferences. Customers can switch between funds up to twice a year at no charge, and invest in up to 10 different funds simultaneously, providing flexibility and control over their retirement planning.
The €175 top-up will be given 14 months after the date when the Unit-Linked Personal Pension Plan starts, provided that the equivalent of the first 12 consecutive monthly savings contributions would have been paid and allocated. In addition, policyholders may also benefit from significant tax advantages.
Contributions may qualify for a 25% tax credit, capped at €750 annually. Upon retirement, customers may also withdraw up to 30% of their pension account tax-free when they start receiving their benefits. Terms and conditions apply.
This special offer is available until September 30, unless closed earlier by MAPFREMSV Life. To find out more or set up an appointment, visit www.bov.com/assistants/set-an-appointment. More information may be obtained from the ‘Key Features Document’ available from www.bov.com.