Horos Internacional Empleo, PPE
Pension Plans
Horos Internacional Empleo, PPE, is a workplace pension plan that replicates our global equity strategy based on value investing, with an attractive long-term expected return.
Type
Pension plan
Category
Equity
Market
Global
Minimum investment
50€
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Horos Internacional Empleo, PPE is a workplace pension plan that encourages voluntary savings, allowing both the company and the employee to make periodic contributions. These contributions are intended to complement the employee’s retirement pension, thus guaranteeing greater financial security in the future.
This plan invests in global equities, following an investment philosophy based on value investing.
What are the highlights of this workplace pension plan?
Workplace pension plans can be highly beneficial for small and medium-sized companies (SMEs). Particularly noteworthy are jointly promoted pension plans, which are created by multiple companies (promoters) for the purpose of unifying assets, reducing costs and simplifying administrative procedures.
Shared contributions
The employee is allowed to match the company's contribution to the plan, up to a maximum of €8,500.
Redeemable after 10 years
Investors are entitled to redeem contributions of at least 10 years old or after retirement, disability, death, long-term unemployment, etc. or other special situations included in the law.
Tax benefits
Companies can save up to €400 per employee thanks to Social Security deductions. Employees, on the other hand, are allowed to substract their contributions to the plan from their taxable income in the Personal Income Tax.
Pension plan transferability when leaving the company
In the event that the employee leaves the company promoting the plan, he/she has different transfer options available while keeping his/her savings.
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What are the advantages of this plan for workers?
Supplementing the public pension
Pension plans offer employees the opportunity to supplement their public pension, allowing them to maintain an adequate standard of living during retirement.
Reduction in the personal income tax base
Employees can enjoy a tax benefit when making contributions to their pension plans. These contributions reduce their taxable base in the Personal Income Tax, which means that they save the marginal PIT rate for the total amount contributed, both by the company and the employee.
Regular contributions, not influenced by the market
Pension plans allow for regular contributions, regardless of market fluctuations. This offers stability in long-term savings for retirement.
Accumulated tax-deferred return
By investing in equities through pension plans, employees can benefit from a cumulative tax-deferred return. This means that the returns generated by investments are not taxed until the funds are withdrawn from the pension plan, which can result in significant capital growth over time.
Tax deferral
Contributing to a pension plan allows tax deferral until retirement. At that time, the worker is likely to be subject to a lower marginal tax rate, since income during retirement tends to be lower than as a economically active worker.
What are the advantages of this plan for companies?
Joint participation in decision-making
Workplace pension plans encourage both employers and employees to participate in plan-related decision-making, which fosters greater transparency and collaboration in the management of pension schemes.
Talent retention incentive
Offering a workplace pension plan can be a powerful incentive to retain and attract qualified talent. Employees value long-term benefits such as financial security during retirement, which can increase loyalty and commitment to the company.
Deduction of social security contributions
Contributions made by the company to workplace pension plans are not subject to Social Security contributions, up to a limit of €115 per month per employee (approximately €1,380 per year). This represents a significant saving for the company, which can reach almost €400 per employee.
Deduction in the Corporate Income Tax base
Specifically, a 10% deduction of corporate contributions for employees with gross annual compensation of less than €27,000 is allowed. For those with higher salaries, the deduction is applied proportionally.
It is important to note that the employment plan must be available to all employees of the company. However, the amount of benefits offered may vary depending on the salary or professional category of each employee.
Investment objective
The objective of this workplace pension plan is to offer an adequate long-term return to its investors, with the possibility of redeeming contributions of at least 10 years old or after retirement, disability, death, long-term unemployment, etc. or in other special situations included in the law.
Historic performance
YTD Return
Accumulated return throughout the year (since 01/01)
*Past performance is not a guarantee of future results. The plan investments are subject to market fluctuations and other risks related to investing in securities, therefore the returns obtained may experience upward or downward variations and the investor may not get back the amount initially invested. Investment or divestment decisions in the plan must be made by the investor in accordance with the legal documents at all times, and in particular on the basis of the plan's Regulations and the Key Investor Information Document (KIID), accompanied, if applicable, by the Annual Report and the last Quarterly Report. All this information, and any other you may need, will be available at the investment manager's headquarters and website: www.horosam.com.
With our exclusive App, you can follow the progress of your savings and their performance in real time. In addition, you can carry out your transactions with total comfort and security, from anywhere and at any time.
With this application we demonstrate our commitment to transparency and accessibility with all our co-investors.
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Frequently Asked Questions
How to invest in our workplace pension plan?
To invest with us, a company representative (plan promoter) has to express a willingness to join the Horos Internacional Empleo, PPE, and offer it to the rest of the employees.
Is it possible to have a workplace pension plan even if my company does not offer this option?
No, to access the Horos workplace plan, it is necessary for the company where you work to join as a promoter of the plan.
Are employees obliged to join the plan?
No, employees can choose to opt out by submitting a written resignation.
What happens in the event of employment discontinuation ?
If the employee leaves the company promoting the plan, he or she has the following options: – Transfer the rights to the new company’s workplace pension plan. – Transfer the rights to an individual pension plan. Transfer the rights to a company social security plan. – Continue in the plan as a suspended participant, which implies that no more contributions will be made in his or her name, but he or she will retain his or her rights in the plan and will benefit from invesments appreciation. The employee may choose between one option or another according to the specifications of the plan to which he or she is attached.
Can contributions to a workplace pension plan be combined with contributions to a personal pension plan?
Yes, you can make contributions to the plan within the limits established by the company. In addition, you will always have the option of investing up to €1,500 in a personal pension plan of your choice.
Are workplace pension plans transferable?
No. In general terms, these plans cannot be transferred to individual pension plans or other pension-savings vehicles, unless there is a termination of the employment relationship. However, it is possible to transfer a personal pension plan to a workplace pension plan.
Do you have more questions?
Visit the ‘Frequently Asked Questions’ section
General information
Denomination
HOROS INTERNACIONAL EMPLEO, PPE
DGS
N5525
Category
RV GLOBAL
Management fee
1,50%
Depositary fee
0,102%
Subscription fee
0%
Refund fee
0%
Success fee
0%
Custodian
CECABANK, S.A.
Currency
EUR (€)
Documentation
Latests publications
Legal documentation
We are craftsmen of investments
Behind every decision are numerous hours of work, attention to detail and maximum dedication. Like a craftsman, we constantly seek excellence in every step of the way.
Latests publications
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Dear co-investor, First of all, I would like to take this opportunity to wish you all the best for the new year. We concluded 2023 with two reasons for celebration....
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October 23, 2023
