“PB Pension Invest” is the name of the new offer from Postbank for old age provision, which combines the yield prospects of an investment fund savings plan with the security of a lifelong pension. The policyholder decides for himself or herself with what ratio of risk and chance his contributions should be invested. Three investment fund strategies are available. In the “conservative” strategy, the capital is invested in a fund that consists of 70 percent fixed-interest securities and 30 percent shares. The “risk conscious” strategy invests half in a share-based investment fund and half in a fund with fixed-interest securities. The “dynamic” strategy invests exclusively in a share-based investment fund that operates on a worldwide basis.

At the end of the contractually agreed period, the policyholder receives a lifelong pension. The amount depends on the existing capital and the basis for calculation applicable at that time. For example: a man who has paid in DM 200 since his thirtieth birthday receives a lifelong monthly pension of DM 1436 according to today’s basis for calculation if his fund balance had an annual appreciation of seven percent. With an appreciation of nine percent, the pension would be DM 2231 according to today’s basis for calculation.

If required the pension start date can be brought forward by up to five years. The monthly pension will then be reduced accordingly. It is also possible to delay pension payment for up to five years without having to make contributions for longer.

Instead of a lifelong pension, the policyholder can also receive the fund’s assets, made through careful management, as a lump sum payment or transfer the shares to their securities account.



PB Pension Invest at a glance:

Fixed asset strategies	Conservative: 100% PB Europafonds Plus Risky conscious: 50% PB Dynamik Global and 50% PB Rendite Global Dynamic: 100% PB Dynamik Global The investment fund strategies can be changed as often as wished without incurring costs
Payment	Lifelong, dynamic monthly pension or Capital payment or Fund transfer
Options	Retrieval option: pension start date up to 5 years before the agreed time ; Extension option: pension start date up to 5 years after agreed time
Guarantee in case of death	Guaranteed minimum pension time of 15 years. If the policyholder dies sooner, the pension will be paid the surviving dependents for the agreed minimum pension period. If the policyholder dies before pension payments have started, the fund balance will be paid to the surviving dependents.
Minimum contribution	DM 100 per month
Extra charges	None
Health check	Not required
Entry age	Minimum 18 years, maximum 58 years
Pension start date	35 at the earliest, 70 at the latest
Taxes	Tax free: earnings including dividends and interest earnings The one-off capital payment is tax free if the contract has at least 12 years validity and the contributions are paid regularly

Information and documents regarding taking out insurance are available immediately at your Deutsche Post branch, or by calling 0180-30 40 200, or on the Internet at  www.postbank.de . PB Pension Invest can also be taken out online.