Scala Corporate: the group insurance policy for companies with up to 25 employees

Scala Corporate

Are you looking for accessible group insurance offering flexibility to both you as an employer and to your employees? With Scala Corporate, employees can decide for themselves whether to focus on pension savings or on protective cover, depending entirely on their current needs. In other words, it's a Cafetaria Plan that makes everybody happy.

Is Scala Corporate right for your company?

  • Does your company have 25 employees or less, and do you want to allow them to choose group insurance based on their needs at each stage of their lives?
  • Would you like to achieve a high potential return through Branche 23 / Tak 231?
  • As an employer, do you want the flexibility to define the budget for yourself, and to decide which of your staff members are eligible to participate?2

Then make sure you learn more about what Scala Corporate has to offer you.

Benefits

Accessible entry with good tax benefits

Scala Corporate is an affordable investment. The minimum annual contribution is just EUR 1,500 a year per contract.
Your employees gain maximum benefit from this, as a group insurance policy is obviously much better value for them than a straightforward pay rise.
As an employer, your premiums are tax deductible provided you adhere to the 80% rule.3

Choose between Branche 21 / Tak 21 and Branche 23 / Tak 231 solutions, or opt for a mix of both

As an employer, you are required by the government to deliver a minimum guaranteed return4. It is often not possible to achieve this percentage with Branche 21 / Tak 21 products nowadays, and you will then be required to make up the difference. As such, it makes sense to opt for a Branche 23 / Tak 23 solution1, or for a mix of Branche / Tak 21 and 23.

There is no guaranteed return for Branche 23 / Tak 231, and good years may alternate with less good ones. However, given the long term of a group insurance policy the risks are evened out, and there is a greater chance that – as an employer – you will be able to meet your financial obligations in full so that your employees can benefit from strong coverage and a healthy boost to their pension pots.

It's also worth thinking about convenience. As an employer, you can choose between 36 different Branche 23 / Tak 231 funds that range from the defensive to the dynamic, including 4 profile funds that are managed internally by NN. That means it's easy to decide for yourself how much risk you want to take. Without having to take on active management yourself. You can leave all that in the safe hands of our experts.

Maximum flexibility for you as an employer

It's up to you to define the amount of the budget, which staff grades fall under the scope of the policy, and define how the guarantees are made up.

  • Budget: choose a lump sum, a salary percentage, or a mix of both.
  • Staff grades: choose which category of employees you wish to reward and bind to your company (taking care not to discriminate against anybody)
  • Contribution composition: 100% employer premiums, or premiums that are partly paid by you as an employer and partly deducted from the employees" salaries5

Plenty of flexibility for your employees

With the Scala Corporate group insurance policy, it is up to you as an employer to decide how your employees can spread their contribution between different forms of risk cover. The employee can amend their choice every year.

The remaining balance is saved for their supplementary pension.

Optional cover in the event of death:

  • An extra amount for the next of kin
  • An extra amount for the next of kin in the event of death due to an accident

Possible cover for incapacity for work:

  • Payment of premiums by NN, including maintenance of guarantees and pension savings
  • An annuity payment in the event of incapacity for work due to sickness or accident, whether personal or professional
  • An extra amount in the event of complete and permanent incapacity for work due to an accident

A helping hand when buying real estate

Is your employee planning to acquire a property? With this group insurance policy, you can give them the chance to finance their plans at a better rate, by means of an advance payment on their contract, which comes with some extremely attractive terms.
Naturally, as an employer, you need to ensure that your employee does actually use the advance payment for a property purchase within the European Economic Area; otherwise, you will lose the benefit of the tax relief.

Premiums and taxes

Premiums

The minimum annual premium (including tax) is EUR 1,500 per scheme. The premiums are deductible as a business expense up to the limits of the 80% rule3.

Taxes and social security contributions on premiums

  • Subscription tax on pension, death, accident and incapacity for work: 4.4%
  • NSSO contributions on pension and death: 8.86% (on employer contributions)
  • Wijninckx contribution (if applicable)6

Management fees

  • Premium entry fee: 1.5%
  • Life reserve fee (Branche 21 / Tak 21 only): 0.05%
  • Death reserve fee: 0.08%
  • Branche 23 / Tak 23 life reserve fee: up to 0.96% annually, depending on the fund selected

Contributions and tax on payout

  • RIZIV/INAMI contribution of 3.55% of the total amount transferred (excluding incapacity for work)
  • Solidarity contribution of 0% to 2% of the total amount (excluding incapacity for work)
  • Tax on capital/interest: depends on various factors7
  • Profit share is exempt

Are you interested? A financial adviser will help you get started

As an employer, if you have any questions then you can get in touch with one of our brokers.

Or send an email to EBsolutions@nn.be. An NN Employee Benefits Consultant will then quickly get in touch to offer you personal advice and assistance.

Noodzakelijke documenten

Voor je deze verzekering onderschrijft, is het noodzakelijk om bovenstaande informatie door te nemen.

Voor dit product is het Tak23-luik niet geschikt voor US Persons. NN Belgium nv handelt met betrekking tot het Tak23-luik niet onder toezicht van de Amerikaanse toezichthouder SEC.  Klik hier voor meer informatie.

Titel: 
Noodzakelijke documenten

Documents nécessaires

Avant de contracter cette assurance, il est nécessaire de prendre connaissance des informations ci-dessus.

Pour ce produit, la partie Branche 23 ne convient pas aux personnes américaines. NN Belgium SA n'agit pas sous la supervision du régulateur américain SEC en ce qui concerne la partie Branche 23. Cliquer ici pour plus d’info.

Titel: 
Documents nécessaires

Help with new plans and improving existing plans

Your company can rely on personal assistance as you introduce your plan.
Are you already a Scala Corporate 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

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Footnotes

  1. Branche 23 / Tak 23: In Branche 23 / Tak 23 investments, neither the capital nor the return are guaranteed. Employers are required by law to guarantee a minimum return on employer and employee contributions in order to build a supplementary pension. The return provided by a Branche 23 / Tak 23 investment fund depends on the changes to the unit value of the fund. There is no entitlement to profit sharing.
  2. This category must be sufficiently open and may not involve discrimination against anybody.
  3. The 80% rule states that legal and supplementary pensions, expressed in terms of annual pension payments, may not be higher than 80% of the final normal annual gross salary. This does not take individually agreed contracts into account.
  4. Under the Belgian Supplementary Pensions Act (Wet op de Aanvullende Pensioenen, or WAP), the minimum guaranteed return is the minimum return that the employer must guarantee on employer and employee contributions made under the supplementary pension scheme. Before 1 January 2016, this guarantee was 3.25% on employer contributions and 3.75% on employee contributions. On 1 January 2016, the minimum guarantee was reduced to 1.75% for both employer and employee contributions.
  5. The group insurance terms and conditions specify the extent to which the group insurance policy is linked to a Branche 23 / Tak 23 investment fund. This link may not be imposed on the insured person in relation to personal contributions. Furthermore, each insured person is entitled at any time to make an internal transfer of the share equivalent to their personal contributions, in accordance with the arrangements set out in the group insurance regulation.
  6. Wijninckx contribution: A special NSSO contribution of 3% that employers are required to pay on supplementary pension premiums or contributions that exceed the threshold of EUR 30,000 per year (excluding tax and subject to indexation).
  7. Supplementary pension disbursement: Apart from some legal exceptions, the supplementary pension payment must be paid out at the time when the employee actually retires.