SUBSTANTIAL TAX INCENTIVES
Reduced tax | Contributions to the O.P.F., reduce our taxable income.
Tax-free Lump-sum | Insured members will receive their lump-sum tax-free (capital and returns), as opposed to bank and insurance programs which are subject to tax.
At the end of each calendar year, all insured members receive a certificate for the employer’s regular/contingent contributions and owners’ equity. This certificate is used in the Annual Income Tax Statement, with O.P.F.’s contributions declared under a specific code for complete tax exemption.
Contributions to the O.P.F. are exempt from insurance premiums and intermediary fees, ensuring a lower tax burden for members against equivalent costs in private insurance companies.
DIRECT ACCESS & FULL INFORMATION OF INVESTMENT
All insured members retain the ownership and control of the Fund.
By using their personal code, they have at all times electronic access to their investment account and full information on investment placement.
The Fund provides full disclosure of financial statements, actuarial feasibility studies, as well as investment policies and facilities.
THE CAPITAL OF THE FUND IS GUARANTEED
The Fund’s capital is not affected, unlike in banks and insurance institutions where fund capitals are considered their assets.
O.P.F.’s investment management is carried out by professional Investment Managers in accordance with the Fund's Investment Policy Regulation and under the strict supervision of the Capital Market Commission.
The Fund is subject to a strict regulatory framework, in line with the European Directives, by three State Supervisory Authorities (the National Actuarial Authority, the Capital Market Commission and the Ministry of Labor) and by independent auditors (chartered / internal auditors, risk managers).
No bank or insurance company in Greece nor Europe, guarantees the full reimbursement of invested funds, throughout the duration of the program.
Even if the insured member wishes to withdraw earlier, he/she will receive their capital + plus the profits of their investments.
In addition to the insured member’s contributions, individual accounts of members may also be supported by supplementary contributions from the employer.
