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Succession

The units of the voluntary funded pension can be inherited. In order to start the succession proceedings, the successors first have to contact a notary. After the notarised succession certificate has been received, the successors have to file an application to a suitable bank office for inheriting the units.In case of succession of the units of a pension fund it is possible to:

  • transfer the units to the securities account of the successor or
  • carry out collection of the inherited units and receive money.

In order to inherit an insurance contract of the supplementary funded pension, the successors have to contact a notary. After the notarised succession certificate has been received, the successors have to file an application to the insurance company.

  • If the insured person dies before the beginning of the payments from the pension, the successors will receive the insurance indemnity consisting of the contributions, from which the expenses established in the contract will be deducted.
  • If the insured person dies during the payments period, the beneficiary will receive the pension established with the insurance contract until the end of the guarantee period. To receive the payments, the beneficiary has to contact the insurance company.
The payments made to the successors who are natural persons on the basis of all different products are taxable with the income tax of 20%.