Alto cash balance: the group insurance policy with collective capitalisation for SMEs and large companies

• Do you want to offer your employees a tax-efficient alternative to a pay rise?
• Do you understand the importance of optional cover for death and incapacity for work?
• As an employer, do you want use Branche 23 / Tak 23¹ to create a financial buffer against the less profitable years?

Then make sure to learn what Alto cash balance can offer you.

Less stress thanks to collective management

Alto cash balance is a cash balance Plan type of group insurance policy. That means the employer defines:

• the premium budget
• the return that to be achieved

Your company has no administrative hassles at all. This is because under collective management – also known as collective capitalisation – the financing of the employer's contributions to the pension plan takes place in a collective fund. If the return is higher than expected then this is used for the benefit of the fund. That creates a buffer for periods with lower market returns.

The opportunity of higher returns via Branche 23 / Tak 23¹

As an employer, you can choose between 36 different Branche 23 / Tak 23¹ funds that range from defensive to dynamic, including 4 profile funds that are managed internally by NN. That makes it easy to decide for yourself how much risk you want to take. Without needing to take responsibility for actively managing your investment, as you can leave that in the safe hands of our experts.

Simple administration

Our standardised approach means that you don't have to closely monitor your group insurance policies. Administration is kept to a minimum, and you can monitor everything online via MyWorkPlace.

Optional cover for death and incapacity for work

The types of cover are:

In the event of death:

• a fixed amount for the next of kin
• an additional fixed amount for the next of kin in the event of death due to an accident.

In the event of incapacity for work:

• payment of premiums by NN, including continued cover and pension savings
• an annuity payment in the event of incapacity for work due to sickness or accident, whether personal or professional
• an additional amount in the event of full and permanent incapacity for work due to an accident.

Burnout and other psychological conditions are also covered in the supplementary Incapacity For Work cover. We give you the choice between two innovative forms of cover for the same price.

Support when buying real estate

Is one of your employees planning a real estate project? With this group insurance policy, you can give him the chance to finance his plans more cheaply thanks to a down payment² on his contract, which comes with some extremely attractive terms. This arrangement will not result in any paperwork for you, as NN will arrange everything directly with the employee involved.

Premiums

The premiums are deductible as business expenses within the limits of the 80% rule³.

Taxes and social security contributions on premiums

• for pension, death and incapacity for work: 4.4%
• social security contributions on pension and death: 8.86% (on employer contributions)
• Wijninckx contribution (if applicable)⁴

Contributions and tax on payouts

• RIZIV/INAMI contributions on the total amount paid out (excluding incapacity for work): 3.55%
• Solidarity contribution: 0% to 2% of the total amount (excluding incapacity for work)

Tax on capital/interest:

dependent on various factors⁵.

A custom solution based on analysis

We carefully analyse your company's situation, before offering you a custom solution based on the often complex reality of your business.

Support during roll-out

You can rely on personal support as you introduce your plan. We will also explain the added value of the group insurance policy to your staff – after all, your investment deserves to be properly appreciated.

Are you already an Alto cash balance user? Then we will provide a non-binding in-depth analysis.

Find out how we can help you launch your pension plans and carry out interim evaluations