Fees

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Fees

According to the applicable legal provisions and by the Voluntary Pension Funds Act and HANFA regulations, the pension company may charge the entrance, exit and management fee. At the beginning of the membership in voluntary pension fund, the insured person pays the entrance fee, and in case of leaving the fund, the insured person pays the exit fee on the total saved assets.
 
Entrance fee
The entrance fee can be paid in an once-only manner or as a percentage of each contribution.
Once-only fee amounts to 1,250 HRK, and is deducted from the contributions paid. 
Percentage incoming fee amounts to 8% of the paid compensations in the first four years of members’ status, but not more than 400 HRK annually, and later it amounts to 0.25% of the contribution paid, but not more than 20 HRK annually.
 
Management fee
For the purpose of managing the assets of the fund, the pension company charges a certain compensation for management to the pension fund. The management fee amounts to 1.8% annually from the total assets of the fund.
 
 
 
Exit fee
For leaving the membership in a voluntary pension fund, i.e. during the transfer of the assets to the personal account opened in another voluntary pension fund which is not managed by the Raiffeisen Pension Company, a exit fee is calculated and charged from the total amount on the personal account of the member, and the amount of the exit fee depends on the duration of the membership until the termination, and it has been determined as follows:
- 10% for termination of the membership within the first 10 years,
-  5% for termination of the membership after 10 years of membership.
The exit fee is not charged to the member which transfers the assets from the personal account to the pension insurance company due to the beginning of payment of pension disbursements.
The exit fee is not charged to the member which transfers the assets to the personal account opened in another voluntary pension fund managed by the Raiffeisen pension company.
The exit fee is not charged in case of a one-off payment of the realized amount on the personal account lower than 10,000 kuna, at the earliest at the age of 50.
In case of death of a member, the exit fee is not charged.
 
Depository fee
Depository fee is paid to the depository bank, that is Addiko Bank, Slavonska avenija 6.
According to the Depository Contract, depository fee amounts to 0,024% annually from the total assets of the fund.