How does a personnel fund benefit employees? Can employees choose their investment objects, and what is happening in the investment markets?
On this page, you'll find information about personnel funds and the latest market review.
Please note that bonuses are invested in accordance with the rules of the personnel fund. These pages provide information about funds under whose rules the personnel fund’s board may offer fund members the opportunity to select a suitable investment object from among the options it specifies. The information on this website is provided solely for marketing and informational purposes. The information provided should not be construed as a recommendation to invest or as a recommendation to take other measures influencing the value development of a fund unit. When choosing an investment, members should carefully review the relevant information and understand the risks associated with the investment and investment activities.
How does a personnel fund benefit employees? Can employees choose their investment objects, and what is happening in the investment markets?
On this page, you'll find information about personnel funds and the latest market review.
Please note that bonuses are invested in accordance with the rules of the personnel fund. These pages provide information about funds under whose rules the personnel fund’s board may offer fund members the opportunity to select a suitable investment object from among the options it specifies. The information on this website is provided solely for marketing and informational purposes. The information provided should not be construed as a recommendation to invest or as a recommendation to take other measures influencing the value development of a fund unit. When choosing an investment, members should carefully review the relevant information and understand the risks associated with the investment and investment activities.
No indirect employee costs are paid on bonuses that are transferred to a personnel fund. Twenty per cent of the withdrawn portion is tax-free.
Using the personnel fund is voluntary. Each year, 15% of the savings accumulated in the fund become available for withdrawal, and members may choose to withdraw this amount immediately or in greater amounts in subsequent years.
Fund savings help you prepare for various life events, from unexpected career changes to retirement. A personnel fund highlights a sense of community and keeps rewards on employees’ minds for a long time.
A personnel fund is an employee benefit that an employer offers its employees. As a member of the fund, you have the opportunity to accumulate your bonuses and save for your future needs.
With a personnel fund, your bonus is higher since no indirect employee costs are deducted from the bonuses when they are transferred to the fund, which means your employer can pay higher bonuses. In addition, when you make a withdrawal from the fund, 20% of the withdrawal is tax-free.
You can withdraw your accumulated funds once a year. The annual payment date for fund units is within one week of the fund’s annual general meeting for members, and no later than four months after the close of the fund’s fiscal year.
The personnel fund is a personnel fund as defined by Finnish legislation. Bonuses are determined in accordance with the employer company’s compensation scheme. Membership in the fund is based on employment. The personnel fund has entered into a wealth management agreement with Mandatum Life Insurance Company Limited. The members of the personnel fund themselves are not parties to the agreement.
You have the opportunity to influence your fund unit’s expected return and investment risk by selecting an investment object from those specified by the fund’s board. You may also choose not to change your investment object, in which case your fund unit will remain invested in the default investment object determined by the board. Any bonuses transferred to the fund will be invested based on your choice.
The personnel fund invests its capital safely and profitably. The goal is to secure the capital and achieve moderate growth. The fund’s board is responsible for investing the assets.
You can select an investment object in the Mandatum Money mobile app or in Mandatum’s Web Service. Before making a decision, familiarise yourself with the details of the available investment objects and the associated investment risks by reviewing the prospectuses, specific information documents, sustainability disclosures and the rules governing the investment objects.
You can read monthly reviews on your selected investment objects by clicking on “More information on investments” in the “Investments” tab of the Web Service.
Log in to the Web ServiceIn Mandatum’s Web Service and the Mandatum Money mobile app, you can manage contract matters and contact customer service securely – when it suits you.
You can log in to the Web Service using your online banking credentials or a mobile certificate. The mobile app can be downloaded for free from the App Store and Google Play.
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