51.5% of pension plan participants choose to collect their assets in the form of capital, which means a hard tax impact, which significantly reduces the amount they receive, as they are considered to be earned income. The other most profitable forms of collecting a plan from a tax point of view are used by 35.5% in the form of income; 6.3% in mixed form and 6.7% in other forms.
This situation demonstrates the lack of information available to pension plan participants and the shortcomings in customer advice in this area.
Types of plans chosen by customers
As for the types of plans chosen by clients, in the case of individual plans, the predominant ones are mixed fixed-income plans, chosen by 33.6% of participants, and in second place, mixed equity plans, with 29.6% of clients.
Contribution tranches
By annual contribution brackets, almost two-thirds, 66.2%, have the plan on hold and do not contribute anything. The next bracket is that of those who contribute between 301 and 900 euros, who account for 12.1%, followed by those who contribute less than 300 euros, who account for 6.9%.
Age of participants
Seventeen percent of participants are between 56 and 60 years of age. This is followed by those between 51 and 55 years of age, who represent 16.9% of the total, and in third place, those between 46 and 50 years of age, who represent 16%.
News: Insurance News 11/5/21