Pension savings funds

Is a pension savings fund right for you?

Here are the conditions for opening a pension savings plan:

• Residence: You reside in Belgium or another European Economic Area country at the time of opening the pension savings plan.
• Age: You are at least 18 years old at the time of opening and no older than 64 years old on 31 December of the year of opening.
• Duration: The pension savings contract must have a minimum duration of 10 years.
• Income: You have a sufficient taxable income in Belgium, after applying tax reductions for family burdens, replacement income (including pensions) and foreign income.

Please note that you cannot open a pension savings plan in the situations listed in the document detailing the tax conditions for opening a pension savings plan.

Your payments after 60 are twice as interesting

When you start saving for your pension before the age of 55, the final tax is levied in the year you turn 60. You can continue to contribute to your pension until the year you turn 64. These payments are twice as interesting: they are exempt from final tax, and you can benefit from the tax benefit!

Global sustainable development policy

These pension savings funds promote environmental and social characteristics. In this context, the manager pays particular attention to environmental, social, and governance (ESG) issues through two approaches:

• The application of exclusion lists to exclude from the portfolio activities that are highly detrimental (tobacco, coal, etc.), certain companies in sensitive sectors (palm oil, asbestos, etc.), and companies that do not respect the United Nations Global Compact or the OECD Guidelines for Multinational Enterprises
• The integration of ESG criteria, the objective of which is for the average ESG score of the portfolio to be higher than that of the investment universe. To achieve this objective, the manager gives more weight to higher ESG scores – without exclusively prioritising the highest scores – and less weight to lower ESG scores

The three pension savings funds can also invest up to 10% of their assets in collective investment schemes (CIS). However, these CIS must have received the Towards Sustainability label or have committed to obtaining it within six months. If they fail to obtain it in time or if a CIS in the portfolio loses its sustainability label, the unlabelled CIS must be sold within 10 days.

You can find more information about the global sustainable development policy of BNP Paribas Asset Management in the prospectus of each pension savings fund.

Warning: the decision to invest in one of these pension savings funds must take into account all their characteristics and objectives, as described in the prospectus and key information documents.

Risks associated with a pension savings fund

These pension savings funds do not provide protection against market fluctuations. You may therefore lose all or part of your investment.

The risks specific to each pension savings fund may vary depending on the allocation between shares and bonds in the portfolio.

Credit risk: this risk concerns the ability of an issuer to meet its commitments. A downgrade of an issuer's rating can lead to a decline in the value of the assets in the portfolio, impacting the fund's overall performance.

Liquidity risk: in a tight market, a lack of buyers can make it difficult to sell an asset at its fair value and at the desired time.

Currency risk: this risk arises from the presence in the portfolio of assets denominated in currencies other than the euro.

Inflation risk: a sustained increase in inflation can erode the value of the invested money.

The prospectus and key information document of each pension savings fund describe the risks associated with investing in these funds.

Risk indicator

Calculated by BNP Paribas Asset Management, the risk indicator assesses the risk level of the pension savings fund compared to other investment products. It indicates the probability of losses in the event of market movements or the manager's inability to reimburse the investor. This indicator is neither an objective nor a guarantee. The lowest level (1) does not imply that an investment is risk-free. Other relevant risks for the fund, not taken into account by the indicator, are exposed above.

Recommended investment horizon: the potential investor should have an investment horizon of at least 10 years. The risk indicator assumes that the fund is held for the entire period.

BNP PARIBAS B PENSION SUSTAINABLE STABILITY

Capitalisation shares only (ISIN code BE0946410785)

• Prospectus
• Key information document
• Periodic report

BNP PARIBAS B PENSION SUSTAINABLE BALANCED

Capitalisation shares only (ISIN code BE0026480963)

• Prospectus
• Key information document
• Periodic report

BNP PARIBAS B PENSION SUSTAINABLE GROWTH

Capitalisation shares only (ISIN code BE0946411791)

• Prospectus
• Key information document
• Periodic report

How much does your investment cost?

You pay 3% entry fees each time you invest in the pension savings fund of your choice.

Overview of the costs of the 3 pension savings funds

Ongoing fees may vary from year to year and are directly deducted from the fund's net asset value. They cover management costs and other administrative and operational costs, as well as transaction costs.

Taxes to be paid at the end of the contract

You start a pension savings plan before your 55th birthday? You will pay a final tax of 8% in the year you turn 60.

You start it after 55? In this case, you will pay a final tax on the 10th anniversary of your pension savings contract.

The final tax will be calculated on your net contributions, capitalised on a fictitious annual return of 4.75% (6.25% for contributions before 1992).

What happens if you want to receive your capital earlier?

• If you request it before your 60th birthday, you will generally have to pay 33.31% professional withholding tax (instead of 8.08% at retirement or in the event of death).
• If you subscribed to your contract after the age of 55 and you claim your capital after 60, but before the 10th anniversary of your contract, you will pay 33% final tax (instead of 8% at retirement or in the event of death).

Do you have questions about pension savings taxation? Please do not hesitate to contact your agency or your usual advisor.

Legal information

BNP Paribas B Pension Sustainable Stability, BNP Paribas B Pension Sustainable Balanced, and BNP Paribas B Pension Sustainable Growth are Belgian open-ended investment funds (FCP).

Management company: BNP Paribas Asset Management Europe, Belgian Branch, a French-law company.

Financial service: BNP Paribas Fortis

The subscription of participation rights is made through a payment into a pension savings account. Entry fees are deducted from the received payment, after which (fractions of) shares are subscribed at the next net asset value. There is no minimum subscription amount or end date.

Subscriptions are possible every banking business day (before 4 pm) based on the net asset value (NAV). The net asset value is published every banking business day on the website www.beama.be.

Complaints

You can send any complaint about our products or services by mail to BNP Paribas SA – Complaint Management Service – Montagne du Parc 3, 1000 Brussels or by email to complaint.management@bnpparibasfortis.com.

If the proposed solution does not satisfy you, you can send your complaint by mail to Ombudsfin – Service de médiation des services financiers – North Gate II, Boulevard du Roi Albert II 8/2, 1000 Brussels or by email to ombudsman@ombudsfin.be.

This document is a commercial communication. A summary of investors' rights is available, in French and Dutch, on the BNP Paribas Asset Management website.

The prospectuses and key information documents of the three pension savings funds are also available, in French and Dutch, on the BNP Paribas Asset Management website (please enter the ISIN code or the name of the pension savings fund you are looking for).

Warning: this communication is a commercial communication. The investor is required to read the key information document and the prospectus of the pension savings fund carefully before making any investment decision.

Useful information about our offer

• Pricing of main securities operations
• General terms and conditions of investment services

Investing online in a pension savings fund

If you wish to open a pension savings plan online, you do so without investment advice and under your own responsibility. It is up to you to choose the pension savings fund in which you invest. Furthermore, you cannot select your tax ceiling online. The default base ceiling of €1,050 applies, along with monthly payments via direct debit.