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Cooperation with non-government pension fund «OTP Pension» opens you wide possibilities in economic and social spheres.
Due to participation in the fund you are eligible to tax benefits (pension payments are not put to the labor payment fund, and belong to the gross expenses of the enterprise). While decreasing expenses of the enterprise, you can increase the motivation level of your employees.
You have possibility to build positive, socially directed image of the enterprise.
Contributing money to the non-government pension fund, you get the competitive system of social security, additional advantage for bringing in the best specialists.
Providing social security decreases employee’s turnover, disciplines and consolidates the team, promotes dedication of workers, as the size of pension payments can depend on the financial state of the enterprise.
Example of the tax benefits:
- Salary of a worker is- 1000 hryvnyas;
- Increase of the salary is - 10% (100 hryvnyas);
- Enterprise pays 138 hryvnyas (100 hryvnyas + 38% social deductions);
- The worker gets 82 hryvnyas (-56 hryvnyas of deductions).
In case an enterprise decides to do pension contributions to the non-government pension fund «OTP Pension» on behalf of its worker in the amount of 100 UAH, this enterprise will not carry additional charges, and the worker will get 100 UAH on his individual pension account.
| Salary of the worker | Amount that employee gets after taxation and increase on 10% | Amount that should be paid by the employer with taxes included | Amount that the employee gets after money transfer on the personal pension account |
| 1000 UAH | 81,94 UAH | 137,20 UAH | 100 UAH |
| 5000 UAH | 409,7 UAH | 686 UAH | 500 UAH |
| 8500 UAH | 696,49 UAH | 1166,20 UAH | 850 UAH |
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