Because of the scheme, upon acquiring ownership only 50% of the property acquisition tax is payable.
WHAT ABOUT PENSIONS?
The Central Bank of Hungary as well as studies published by experts unanimously forecast that the current pension scheme can be maintained approximately until 2035.
This means that the state pensions will be extremely low, approximately 35-50% of our net earnings. Therefore, without self-sufficiency, i.e. without our own contribution pension scheme, we will be completely exposed to the social system at the time.
To one in which state participation and financing will decrease year by year while the number of pensioners is constantly on the rise. The rate of this increase is best demonstrated by the fact that in 2015 the proportion was 4.3 million / 2.1 million, i.e. there were 2 wage-earners for 1 pensioner, by 2045 there will be one pensioner for each wage-earner.
MANAGING THE PROBLEM
The retirement age of 65 is currently being introduced in the Hungarian pension system, this retirement age will apply to most of the would-be pensioners. But this will only benefit the income side of the budget, as we will be contributing to the pension budget until the age of 65, not 62, while drawing pension payments at a later time.
The problem of an aging society could be solved by increasing the amount of pension contributions, i.e. the amount paid by the employers after active employees should be raised. But this contribution in Hungary is already one of the highest in Europe, and it cannot be very much increased any further, leaving the state pension scheme in a dead-end street.
Most experts see only one possible solution as a way out, i.e. if everyone takes their fate in their own hands and start saving up for their retirement in some sort of savings plan while they are still in their active age.
We have analyzed the currently available savings forms and compared them with the needs of our clients and the future changes in the pension scheme. This outlined a need for an alternative that is independent of financial institutions, one that would allow living at the same standard of living and among the same conditions while retired as in the active years.
In addition to those who start saving up in time for this purpose, the service we provide also offers a solution to entrepreneurs and business owners who, for decades, paid their pension contributions only after the minimum wage or similar earnings.
Real estate is the ideal asset to achieve this, not only because it is much less exposed to economic, taxation and legislative changes compared to financial investments and savings, but also because the value of real estate always increases at a rate exceeding the rate of inflation, thus guaranteeing the preservation of value in real terms, which is an important long-term goal.
Our Company was established in 2012 with the aim of becoming a player in the domestic and international real estate market that produces remarkable and outstanding results. The token of success in achieving our aim is the 20+ years of experience our colleagues have as well as the scheme we use to provide the possibility and the means to you that will let you live in a well-earned old age together with your loved ones.
ARGUMENTS FOR US
YOUR OWN PENSION 101
First, we will inform you in detail about the structure of the scheme and what you will need to be able to use the service (official documents, forms and personal documents).
Here you will tell us how much you would like to invest, the value of the real estate, and the desired purpose.
You will have the opportunity to select the most suitable apartment or house from our expanding portfolio that is constantly renewed. You will also be able to submit a request based on your desired parameters, for which all of the beneficial terms will also apply.
Concluding an agreement
Finally, an agreement will be concluded for the selected real estate after the necessary documents have been submitted, giving you 100% ownership, with comprehensive legal and land registry administration.
Relevant data and numbers are essential for planning and comparison, and the calculator here makes this process easier.
REMINDER: Thanks to our service, only 20% capital is enough to get 100% ownership. The recourse conditions are easily met, the monthly spending amount is fixed and is not subject to any extra fees or contributions.