The proposed value has been calculated on the assumption that most people need a pension equivalent to 2/3 of their final salary. Talk to us about the possible steps you can take to reach your retirement goal.
Assumptions used >
Contributions are assumed to be paid monthly in advance.
Net Capital Growth - The calculator allows for a net annual capital growth of 3%, 5% or 7%.
Final Salary Replacement Ratio - When calculating the Proposed Value for your 7Q Retirement Partners pension plan, a replacement ratio from Pillar 1 (Government Pension) of 45% is assumed. This assumption is based on data obtained from the Statistical Service of Cyprus (CYSTAT) and independent actuarial studies.
Life Expectancy at Birth - When calculating the Proposed Value for your 7Q Retirement Partners pension plan, life expectancy at birth is assumed to be 81 years for both males and females. This assumption is based on actual figures from the OECD and World Health Organization.