Gozo News

Bank of Valletta has announced a limited time special offer on unit linked personal pension plans in partnership with MAPFRE MSV Life.

Bank customers who join the new MAPFRE MSV Life unit-linked personal pension plan at any of the bank’s branches will receive a one-off top-up of €175 when the pension plan is set up and the first premium is paid.

Mr Alexander Bezzina, Head of the Banco’s Insurance Services and Pensions Division, highlighted the benefits and attractive offers of the pension scheme. “The scheme is designed to be flexible and adaptable, allowing policyholders to start with contributions as low as €40 per month and adjust their contributions upwards according to their financial capabilities.”

The bank said the MAPFRE MSV Life unit-linked personal pension plan offers essential long-term savings and additional tax benefits. Policyholders are eligible for a 25% tax credit on contributions, up to a maximum of €750 per year.

“In addition, policyholders can also choose to receive up to 30% of their retirement account amount tax-free when they start receiving their retirement benefits. This offer is valid until September 30, 2024. This is a limited-time offer and MAPFRE MSV Life reserves the right to end this offer early,” BOV said.

More information about this limited-time offer is available from MAPFRE MSV Life Unit-Linked Personal Pension Plan (bov.com).

To make an appointment at a BOV branch or investment centre, customers can visit the bank’s website https://www.bov.com/assistants/set-an-appointmentsend an email to bancassurance@bov.com Or call 2275 1627.

Photo: BOV