You don’t pay anything for an LTIP account, it is free.

You can use the LTIP account to invest the money provided by you and your employer. You can find the investment fees in the detailed information regarding each particular mutual fund.

With pension savings, you receive some money from the State depending on how much you are saving, and the money is managed by a pension company based on the strategy you choose.

You don’t get any money from the State with the LTIP, but you can invest entirely at your discretion.

If you are already investing with us and have the necessary documents in place, setting up an LTIP account will be a matter of moments.

If you are not yet investing with us, we recommend that you enter into an Investment Services Agreement and complete our investment questionnaire at a branch. It is not complicated. The banker will also introduce you to the Investment Portal, where you can manage your LTIP investments online.

Yes, you can easily change the fund under the LTIP by so-called transfer. This means that you simply sell the unit certificates of the old fund and buy unit certificates of the new one. No terms and conditions will be violated and the LTIP will go on as before.

Only your own contributions that you make to the LTIP cash account, whether made on a regular basis or as a lump sum. So, if you send, e.g., CZK 1,000 per month, you can deduct CZK 12,000 for the year in question. A one-off payment of CZK 12,000 in, say, December will have the same effect.

You can deduct up to CZK 48,000 a year from your tax base for the LTIP, pension products, life insurance and long-term care insurance combined.

Your employer can send contributions for you to a collection account number 330655771/0300. Just have them specify your LTIP cash account number as the VS (variable symbol) identifier. The LTIP cash account number can be found in the ČSOB LTIP Agreement.

If your employer sends your contribution together with his contribution, he needs do add also specific symbol 7777777777 to your contribution. The contribution of the employer stays without any specific symbol.

Yes, you can terminate the LTIP early, but you will have to pay, retrospectively, all the tax you did not have to pay thanks to your tax benefits over the last ten years. An exception is termination for reasons such as third-degree disability.

Yes, you can have LTIPs with multiple companies at the same time. Just remember that you can deduct a maximum of CZK 48,000 from your tax base in aggregate.

No, the LTIP cash account does not bear any interest. Nevertheless, just by depositing your money into an LTIP account, you can claim tax relief of up to CZK 48,000 a year.