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Tax Benefits

 

 
Contribute towards your pension and receive tax relief.

 

  • The Ancoria Pension Plan is an approved pension fund for the purposes of the Income Tax Law 118(I)/2002.
  • Both your business and your employees can enjoy considerable tax relief on contributions made to an occupational pension scheme:
  • Employer’s annual contributions are tax deductible from employer’s taxable income, up to 10% of the salary of employees who are members of the Plan.
  • Employees’ contributions are tax deductible, up to 10% of their annual income.
  • The maximum amount of tax relief allowed for pension contributions and other insurance premiums must not exceed 1/6 of an employee’s taxable income.

Example

The graph illustrates that, if your tax bracket is 35%, a €100 contribution to the Ancoria Pension Plan will only have a net cost to you of €65; had you not made the contribution, the other €35 would have gone to the government as income tax.

 

ABOUT US
Ancoria is an established Insurance Company, founded in 1987. The Company services the saving and investment requirements of an extensive list of international clients by specialising in customised and carefully designed Life Insurance Policies that are underpinned by investment opportunities in a wide range of funds, structured products and equity trading.
CONTACT US
Customer service
Phone: +357 22 551 300
Fax: +357 22 498 592
Sweden Toll-Free Number:
0200 110 130
Ancoria Insurance
P.O. Box 23415
1683 Nicosia
Cyprus

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SOCIAL RESPONSIBILITY
At Ancoria, we believe in investing in children and their education as they are the future of this world. We thus aim to use our strength as a company to provide opportunities to gifted students from disadvantaged backgrounds.