Same tax benefit, completely different logic. Here's how the two approaches actually work, beyond the sales talk.
A pension account or an investment-fund solution, managed by a bank. You control the amount paid each year (within the cap), with no commitment to regularity.
A contract combining savings and protection (death, disability), with regular premiums committed over the contract's term. The capital is generally guaranteed at maturity, subject to the contractual conditions.
The key question to decide: do you already have sufficient death/disability cover via your occupational 2nd pillar? If so, a pure bank solution is often more efficient. If your LPP cover is weak (part-time work, a recent job change), an insurance 3rd pillar can fill a real protection gap.
The choice between a bank and an insurance solution isn't just about return; it depends on your existing pension cover and your family situation. We compare the two approaches with you, with no conflict of interest tied to selling a particular product.
Yes, within the overall annual cap, you can split your payments across several accounts or contracts.
Depending on the contract, this can lead to reduced cover, a temporary suspension or a partial loss of value; the exact conditions vary greatly from one insurer to another.
Compare the two approaches objectively for your situation
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