What are the advantages of pension plans?

Pension plans offer an investment solution for capitalising long-term savings until you retire. They also deliver tax deductions on the contributions made, making it easier to save or even enhancing your saving capacity if you reinvest the amount offset through tax relief.

You can change your plan whenever you want, completely free of charge, to adapt it to your needs at any given time. Transfers of pension plans from one entity to another are also free of charge. Another advantage of pension plans is that you can choose a beneficiary in case you die.