Lifetime Pension Scheme

Confidence and security - the future you deserve!

You need to feel confident and be optimistic about your future. Particularly today, against a backdrop of economic hardship, it is very reasonable that you should be concerned about your retirement and pension. This is why it is more imperative than ever before that you think ahead and take steps now to ensure a decent, comfortable standard of living for the years when you have stopped working. With the HSBC Lifetime Pension Scheme you can lay the foundations now for a guaranteed pension when you need it.

HSBC and Allianz - partners you can trust!

With 147 years of international experience, and knowledge acquired from our longstanding presence in Greece, HSBC has joined forces with Allianz, one of the world's largest insurance companies. Allianz enjoys a leading position in the insurance and financial services sector, with 75 million customers in 70 countries around the world; it has been offering its customers security, reliability and confidence for more than 120 years.

Everything you need to know about HSBC's Lifetime Pension Scheme:

• You know from Day 1 the amount you will receive when the policy matures, either as a lump sum payment or a monthly pension
• You are guaranteed a minimum technical interest rate of 2,50%
• You are protected from inflation, through the annual premium adjustment (5%)
• You choose how to withdraw your savings: either as a lump sum, or as a monthly pension
• You have the option of making additional unscheduled premium payments, after the first year of the scheme and for amounts greater than €300
• You enjoy annual tax deduction on your contributions per the law enforce

With the Lifetime Pension Scheme, providing for your future is simple and straightforward since the scheme is designed specifically to meet your need for a guaranteed pension, and is tailored to your own particular requirements. All you need to do is select a suitable policy duration (minimum of ten years) and the monthly payments you would like to make (minimum of €80). At the end of this period you can access your savings in one of two ways: either in a lump sum, or in monthly instalments. You will also be eligible for special rates for additional insurance coverage.

Example

If you start the pension scheme at the age of 35 and wish to retire at the age of 60, a monthly premium of €100 combined with the 5% annual premium adjustment will guarantee you a lump sum or a monthly pension:

Total premiums paid: €57.559
Total tax benefit*: €5.002 in accrodance with the current legislation (Αpril 2012)

* Applies in the case of an annual taxable income of €35.000, an income tax rate of 35% and a 25-year policy.