What is a pension savings account?

Pension savings accounts are a form of long-term saving with tax benefits. Subject to certain conditions, they allow you to build up a supplementary pension alongside your statutory pension while receiving a tax break on the invested capital.

There are two different forms of pension savings:

• A pension savings account, for example with Keytrade Bank
• A pension savings insurance policy with an insurance company. This option is not available from Keytrade Bank