Bank of Valletta has announced a special limited-time offer on unit-linked personal pension plans in collaboration with MAPFRE MSV Life.
Bank customers who sign up for a new MAPFRE MSV Life Unit-Linked Personal Pension Plan from any one of the Bank’s outlets will receive a one-time top-up of €175 when the pension plan is set up and the first premium is paid.
Mr Alexander Bezzina, Head of the Bank’s Insurance Services and Pensions arm highlighted the benefits of the pension plan and the attractive offer. “The plan is designed for flexibility and adaptability, allowing policyholders to start with contributions as low as €40 per month, adjusting their contributions upwards depending on their financial capabilities.”
The Bank said that the MAPFRE MSV Life Unit-Linked Personal Pension Plan provides essential long-term savings with additional tax benefits. Policyholders may be eligible for a tax credit of 25% on contributions, up to a maximum of €750 annually.
”In addition, policyholders may opt to receive up to 30% of the retirement account, tax-free at the time they start receiving the Retirement Benefits. This offer is valid until the 30th of September 2024. This is a limited-time offer and MAPFRE MSV Life reserves the right to close this offer earlier,” said BOV.
Further information about this limited-time offer may be obtained from MAPFRE MSV Life Unit-Linked Personal Pension Plan (bov.com).
To schedule an appointment at a BOV branch or Investment Centre, customers can visit the Bank’s website on https://www.bov.com/assistants/set-an-appointment [1], send an email to bancassurance@bov.com [2] or call 2275 1627.
Photo: BOV