Plan First provides an Occupational Pension Plan, which essentially operates as a Provident Fund for businesses in Cyprus. Our Provident Fund offering also gives businesses additional innovative features as well as higher expected returns, which is the key reason businesses are turning to Plan First when it comes to setting up Provident Funds in Cyprus.

The beauty with the Plan First Provident Fund is that both employers and employees have the flexibility to customise their plan and specify its characteristics. Each employee retains their own Pension Account and can manage their investment choices without the need for a committee or a single investment policy. At the same time, employees can take advantage of the tax benefits applying to Provident Funds. Who doesn’t want to lower their tax burden?

Participants in our Provident Fund plans have the ability to save and invest in a way that suits their own personal risk profile as it changes over the course of their lives. Plan First offers personalised investment solutions for plan members through four investment funds: the Conservative Fund, the Income Fund, the Balanced Fund, and the Dynamic Fund.

Plan First has introduced the revolutionary "Hands on" and "Hands Off" options to provide its Provident Fund members with greater control and flexibility. With the "Hands on" option, members have the freedom to actively select their preferred investment funds, aligning with their risk appetite and financial goals. On the other hand, the innovative "Hands Off" option streamlines the investment process by automatically assigning allocation percentages across various investment funds for each member. This unique feature can be tailored to cater to the individual risk/performance profile and remaining years until retirement of every participant, ensuring a personalised and optimised investment approach.