How are the numbers calculated?

These are examples based on our average client which is a high-income, earning 75k per year, 32 year old working and living in Germany intending to retire on the official retirement age of 67. For both sides the underlying investment is an S&P 500 ETF with 0.18% p.a. management cost. The solution selected by the person is a private pension plan from Mylife vs. a private pension plan from Allianz, which is the market leader in Germany. The effective costs are taken from a contract generated with each respective companies’ tool. The setup fee is included in the effective costs calculation and there are no other costs.

At Horizon65 we can help you to determine if company pensions are worth it for you by using our mobile app to simulate its effect on your future taking into your existing investments and potential impact of inflation and taxation.

We regularly help our clients by comparing all the available company pension products on the market using our comparison portal or you can also directly get in touch with our experts to understand if it can be a good option for you.

 

Similar Questions

What is TER?

TER is a shorthand for total expense ratio and is the industry standard for comparing annualized costs.
More

Can I adjust my contributions?

Yes, you can adjust your contributions at any point in time.
More

Can you help me tax-optimize my investment?

Yes, our experts are able to point out which investment plans have tax advantages and which one do not. In the app you can also se...
More

Ready to get started?

Download our app and start gaining insight into your current and future finances.