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 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 23¹

As an employer, you can choose between 36 different Branche 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 with the brand-new NN Wellbeing Services*:
  • payment of an annuity benefit in the event of work disability caused by illness or an accident, both at home and at work.
  • payment of the premiums by NN, with guarantees and pension accrual rights maintained.
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  • an extra amount in the event of full and permanent work disability as the result of an accident.
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  • extra support for the whole family (if they live at the same address) for tackling and preventing mental health problems, via NN Wellbeing Services.

​​​​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.

* NN Wellbeing Services are accessed through the group insurance cover, which provides for an annuity benefit in the event of work disability. This means you cannot use these services without this insurance cover. You benefit from these services through an external, independent and professional partner: Workplace Options (WPO). Depending on the situation of your employees, Workplace Options will outline a suitable path for them to take. This means that the offering may change or be partially discontinued

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

Management fees 

• Entry fees on the life and death premiums: 1,5 % on branch 23
• for the life reserve (Branche 23 / Tak 23): up to 0.96% annually, depending on the fund selected
• for the death reserve: 0.08%

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