Made a decision to make pension contributions to the company's management team and middle managers a year and a half ago. According to india phone number list the company's cfo eduards jelizarovs, contributions to the 3rd pillar of pensions are a valuable motivational tool that benefits both employers and employees. Contributions made by an employer to india phone number list private pension funds under a collective or individual membership agreement, provided that they do not exceed 10% of the employee's gross annual salary, are not subject to the following taxes: employer's social insurance contributions - 23.59%;employee's social insurance contributions - 10.50%;corporate income tax - 20%;personal income tax is not payable at the time of making contributions.
Invested in a variety of securities and, depending on the situation in the financial markets and other factors, they earn 'new' money. Given that the investment is immediately owned by the employee, balticovo offered educational activities to india phone number list its employees, which explained the benefits of such a bonus."From the very beginning, we conducted a survey to find out which banks our employees would like to invest in. We concluded that the greatest desire among employees was to invest in three banks - one of them was swedbank. We invited all the india phone number list representatives of this bank to tell us about their products and pension plans. After that, the employees themselves chose the banks and pension plans to apply for and invest their money in, ”says eduards jelizarovs. A long-term solution for sustainable businesses.
One of the challenges that an employer may face is that the real benefit that an employee derives from contributions to tier 3 pensions india phone number list today will only be seen at the age of 55. However, according to the representatives of both companies, when creating a common bonus system, the 3rd level of pensions fits well in it - especially if the company wants employees to work for them for 10, 15 or even more years."If your company wants to grow and develop, become a well-known brand in latvia, europe and even around the world, celebrating its 120th birthday, then you need to make contributions to the india phone number list 3rd level of employee pensions. That way, the older generation will buy your products in the future! Why? Because they will remember you forever as a company that cares about people