Contributions are paid in LEK in the following ways:
1. Transfers from branches of any second-tier bank, to the Fund’s account no. AL62210110120000000003659837 in LEK, at the ABI Bank Depository, against applicable fees
2. Authorization for automatic periodic payments;
Professional schemes:
Deduction of the employee’s individual contribution from the individual’s salary and transfer by the employer to the total value of the employee and employer’s contribution list. Based on Article 20 of the Law “On Income Tax”, the monthly contribution made by each member of a private pension fund, up to the minimum wage level approved at the national level, is deducted from his personal income for tax purposes. The supporting document is the individual contract that the fund member has with the management company in the case of individual membership or the declaration of acceptance of the employee’s participation in the open-ended participation fund selected by the employer. In the case where the contribution to the private pension fund is derived from the employment relationship, it is deducted from the taxable personal income, before the calculation of the personal income tax by the withholding agent.
Individual contracts:
Payments of individual contributions can be:
