Working at NN Press Tools Funds Contact EN NL FR Individuals Self-employed Employers Workers About NN NN Scala Professional Pension POZ MultiPlan and MultiPlan+ Alto cash balance Alto Bonus My Workplace Home Enterprises Alto cash balance Alto cash balance: the group insurance policy with collective capitalisation for SMEs and large companies Alto cash balance is a solution for companies seeking an easy-to-manage supplementary pension plan with no administrative hassles, and with the prospect of a healthy return thanks to the Branche 23 / Tak 231 approach. AdvantagesPremiums and taxation Is Alto cash balance right for your company? Do you want to offer your employees a tax-efficient alternative to a pay rise? Do you understand the importance of optional cover for death and incapacity for work? As an employer, do you want use Branche 23 / Tak 231 to create a financial buffer against the less profitable years? Then make sure to learn what Alto cash balance can offer you. Advantages LESS STRESS THANKS TO COLLECTIVE MANAGEMENT Alto cash balance is a cash balance Plan type of group insurance policy. That means the employer defines: the premium budget the return that to be achieved Your company has no administrative hassles at all. This is because under collective management – also known as collective capitalisation – the financing of the employer's contributions to the pension plan takes place in a collective fund. If the return is higher than expected then this is used for the benefit of the fund. That creates a buffer for periods with lower market returns. THE OPPORTUNITY OF HIGHER RETURNS VIA BRANCHE 23 / TAK 231 As an employer, you can choose between 36 different Branche 23 / Tak 231 funds that range from defensive to dynamic, including 4 profile funds that are managed internally by NN. That makes it easy to decide for yourself how much risk you want to take. Without needing to take responsibility for actively managing your investment, as you can leave that in the safe hands of our experts. SIMPLE ADMINISTRATION Our standardised approach means that you don't have to closely monitor your group insurance policies. Administration is kept to a minimum, and you can monitor everything online via MyWorkPlace. OPTIONAL COVER FOR DEATH AND INCAPACITY FOR WORK The types of cover are: In the event of death: a fixed amount for the next of kin an additional fixed amount for the next of kin in the event of death due to an accident. In the event of incapacity for work: payment of premiums by NN, including continued cover and pension savings an annuity payment in the event of incapacity for work due to sickness or accident, whether personal or professional an additional amount in the event of full and permanent incapacity for work due to an accident. Burnout and other psychological conditions are also covered in the supplementary Incapacity For Work cover. We give you the choice between two innovative forms of cover for the same price. SUPPORT WHEN BUYING REAL ESTATE Is one of your employees planning a real estate project? With this group insurance policy, you can give him the chance to finance his plans more cheaply thanks to a down payment2 on his contract, which comes with some extremely attractive terms. This arrangement will not result in any paperwork for you, as NN will arrange everything directly with the employee involved. Premiums and taxation PREMIUMS The premiums are deductible as business expenses within the limits of the 80% rule3. TAXES AND SOCIAL SECURITY CONTRIBUTIONS ON PREMIUMS for pension, death and incapacity for work: 4.4% social security contributions on pension and death: 8.86% (on employer contributions) Wijninckx contribution (if applicable)4 CONTRIBUTIONS AND TAX ON PAYOUTS RIZIV/INAMI contributions on the total amount paid out (excluding incapacity for work): 3.55% Solidarity contribution: 0% to 2% of the total amount (excluding incapacity for work) TAX ON CAPITAL/INTEREST: dependent on various factors5. Set up a Cafetaria Plan for your employees Would you like to offer your employees greater freedom and allow them to make à-la-carte decisions? Then you should definitely choose the Cafetaria Plan of Alto cash balance. Is there a need for greater death coverage or for additional insurance against incapacity for work? Your employees choose the formula that best matches their current age and circumstances, within the range of options you define. Are you interested? A financial adviser will help you get started If you have any questions as an employer, then you can get in touch with one of our independent brokers. Or send an email to EBsolutions@nn.be. An NN Employee Benefits Consultant will then quickly get in touch to offer you advice and support. Essential documents Before you sign your insurance policy, it is essential to go through the following information. General Conditions Group Insurances (289.89 KB) General Conditions Additional insurances to the group insurance (230.79 KB) General Conditions Collective Disability Insurance (Purple Cover) (261.87 KB) General Conditions Collective Disability Insurance (Violet Cover) (248.84 KB) Technische fiche Alto Cash Balance (907.61 KB) Fiche technique Alto Cash Balance (899.67 KB) Tak 23 beheersreglement Alto Cash Balance + Alto Bonus (737.96 KB) Règlement de gestion Branche 23 Alto Cash Balance + Alto Bonus (745.6 KB) Informatiedocument Collectieve arbeidsongeschiktheidsverzekering (Purple Cover) (453.69 KB) Informatiedocument Collectieve arbeidsongeschiktheidsverzekering (Violet Cover) (453.76 KB) Informatiedocument Collectieve overlijdensverzekering (669.13 KB) Document d'information Assurance collective incapacité de travail (Purple Cover) (458.3 KB) Document d'information Assurance collective incapacité de travail (Violet Cover) (458.45 KB) Document d'information Assurance collective décès (676.37 KB) Help with new plans and improving existing plans A CUSTOM SOLUTION BASED ON ANALYSIS We carefully analyse your company's situation, before offering you a custom solution based on the often complex reality of your business. SUPPORT DURING ROLL-OUT You can rely on personal support as you introduce your plan. We will also explain the added value of the group insurance policy to your staff – after all, your investment deserves to be properly appreciated. Are you already an Alto cash balance user? Then we will provide a non-binding in-depth analysis. Find out how we can help you launch your pension plans and carry out interim evaluations Alto Bonus: additional pension savings for your top employees Through Alto Bonus, you can link your employees' pension premiums to their performance. Alto Bonus My Workplace: make managing your policy a great experience Using My Workplace, you can quickly and easily make adjustments to your insurance policies. My Workplace The reception structure: investment opportunities for pension reserves established with former employers The reception structure is designed to hold group insurance policies from former employers. Reception structure Find a broker in your neighborhood Footnotes Branche 23 / Tak 23: In Branche 23 / Tak 23 investments, neither the capital nor the return are guaranteed. Employers are required by law to guarantee a minimum return on employer and employee contributions to be used to build a supplementary pension. The return from a Branche 23 / Tak 23 investment fund depends on how the unit value of the fund changes. There is no entitlement to profit sharing. A down payment or registered pledge is possible provided that this relates to the improvement, renovation or restoration of a real estate property located in the European Economic Area that will generate taxable income for the policyholder. This rule states that mandatory and supplementary pensions, expressed as annual pension payments, may not be higher than 80% of the final normal annual gross salary. This does not take individually agreed contracts into account. All details are available here. Wijninckx contribution: A special NSSO contribution of 3% that employers are required to pay on supplementary pension premiums or contributions that exceed the level of EUR 30,000 per year (excluding tax and subject to indexation). Supplementary pension disbursement: Apart from some legal exceptions, the supplementary pension payment must be paid out at the time when the employee actually retires. Find a broker in your neighborhood Your unique life deserves a personal approach. That is why we are happy to help you find an independent broker in your area Individuals Self-employed Employers Workers About NN NN Scala Professional Pension POZ Working at NN NN Group SFDR Policy 2021 © NN BELGIUM ALL RIGHTS RESERVED Terms of use Privacy statement Cookie statement Conflict of interest policy Embargo obligations A personalised experience thanks to cookies We install cookies to ensure that you have the best possible experience as a user and also to gather information that will help us improve our website. Give me more info Accept cookies Manage cookies Read our Cookies Statement here Read more about the use of personal data