magánnyugdíjmegtakarítási

Magánnyugdíjme, also known as private pension fund, refers to a supplementary pension scheme in Hungary. These funds are voluntary and are managed by private pension providers. Individuals can contribute to these funds in addition to the mandatory state pension system. The purpose of private pension funds is to provide an additional source of income during retirement, aiming to supplement the benefits received from the state pension. Contributions are typically made by both the employee and the employer, with potential tax benefits available for both parties. The accumulated funds are invested by the pension providers in various financial instruments, with the aim of generating returns that will increase the retirement payout. The specific terms and conditions, including contribution levels, investment strategies, and payout options, vary between different private pension providers. These funds are regulated by the Hungarian National Bank to ensure the financial stability and protection of the members' assets. The concept was introduced as part of reforms to the Hungarian pension system to encourage private savings for old-age security.