What is a private pension?
Imagine having your own “pension safe” that gradually fills up over the years, and you decide how much and when to contribute.
A private pension allows you to build a secure financial future by contributing amounts that suit you – from the price of a daily coffee to more significant sums, depending on your ambitions.
Our Offer
We offer two voluntary pension funds:
DDOR-GARANT
Ekvilibrio
A moderately conservative fund: ideal for you if you want your pension to partially follow the euro exchange rate, as your money is invested in 30% euro and 70% dinar financial instruments.
DDOR-GARANT
Štednja
A highly conservative fund: the right choice if youhave greater confidence in the dinar currency, as yourmoney is invested 100% in dinar financialinstruments.
What do you get?
How much will your private pension be? Find out now
The sooner you start contributing, the bigger your pension will be. Make small payments, and you may be pleasantly surprised by the size of your private pension! Enter a few basic details and get an estimate of the additional income you can expect.
Join
quickly and easily!
Choose a fund, fill in your details, and we will call you to arrange the signing process.
What else is important to know?
WHO CAN BE A MEMBER OF THE FUND?
Any citizen of the Republic of Serbia, as well as foreign nationals, can become a member of a voluntary pension fund. The member can be either an adult or a minor.
AT WHAT AGE CAN I START WITHDRAWING FUNDS / USING MY PRIVATE PENSION?
Regardless of when you plan to retire, you can start using the funds from your voluntary pension fund as early as age 58. If you started making contributions before May 17, 2011 (under the old law), you can begin using the accumulated funds at the age of 53. Early withdrawal—before the age of 53 or 58—is possible in the case of permanent disability to work.
WHAT RETURN CAN I EXPECT ON MY INVESTED FUNDS?
The return on your investment cannot be determined in advance. Thanks to high return rates since their inception, both of our funds have provided members with significant accumulated funds in relation to the amounts paid in.
As of March 31, 2025, the return rates are as follows:
The Equilibrio fund return over the last 12 months is 5.75%; the average annual return over the past five years is 0.89%, and since the fund’s inception in 2007, the average annual return is 5.85%.
The Štednja fund return over the last 12 months is 6.58%; the average annual return over the past five years is 1.15%, and since the fund’s inception in 2008, the average annual return is 7.25%.
HOW SAFE ARE MY FUNDS IN THE FUND?
Your funds are completely secure in the sense that the assets of fund members are entirely separated from the assets and operations of the company managing the fund. This means that the money you contribute and the returns you earn cannot be subject to enforcement, pledge, mortgage, or included in the liquidation or bankruptcy estate of the company, custodian bank, or any third party. They also cannot be used to settle the obligations of the fund member or others toward third parties.
WHAT COSTS DO I HAVE AS A FUND MEMBER?
There are two types of fees: a contribution fee and a fund management fee.
For contributions up to 100,000 RSD, a fee of 2.7% is charged on the contributed amount. For higher contributions, the fee decreases according to the tariff.
An annual fund management fee of 1.25% is charged on the value of your assets in the fund. This fee is calculated daily, as the percentage divided by 365.25 on the fund’s net asset value. The unit value and published return rates are already reduced by this fee.
In the case of transferring funds to funds managed by other companies, bank transaction costs apply. If you transfer funds between funds managed by DDOR GARANT Voluntary Pension Fund Management Company Belgrade, there are no fees.
ARE FUNDS PAID INTO A VOLUNTARY PENSION FUND INHERITABLE?
Yes, the funds are inheritable in the event the fund member passes away before or during fund withdrawal. If a beneficiary is named in the Membership Agreement, they can access the funds without issues. If no beneficiary is named, the funds are inherited in accordance with the Law on Inheritance.
WHAT IS THE MINIMUM AMOUNT AND CAN I CHANGE THE AMOUNT I PAY?
The minimum payment amount for our funds is 500 RSD. You can change the amount you pay at any time. You can also make multiple payments with different amounts during the month.
WHAT IS THE MAXIMUM AMOUNT I CAN CONTRIBUTE?
Payments can be made via a standard payment order, electronic or paper-based, or via standing order, with no maximum limit.
It’s up to you whether you wish to contribute, for example: RSD 1,000 each month, RSD 10,000 periodically, or RSD 100,000 as a one-time payment—or any other amount and frequency.
It’s important to note that we offer reduced entry fees for higher contribution amounts. For more details, see our Tariff.
WHAT DOES THE MAXIMUM NON-TAXABLE AMOUNT MEAN FOR ME?
If you are employed and wish to make contributions via wage garnishment (payroll deduction), the state offers a 10% income tax relief on those contributions.
The maximum non-taxable amount is updated each year on February 1. For 2025, it is RSD 8,449.
What does this mean in practice? If you contribute RSD 1,000, RSD 100 is returned to your net salary. If you contribute RSD 8,449, RSD 844.90 is returned. This means you can save over RSD 10,000 annually—which is basically another contribution… and a bit more.
If this topic is unfamiliar and you’re wondering whether you’ll pay any tax if you contribute, say, RSD 10,000 via payroll deduction—the answer is no! The tax relief is still applied up to RSD 8,449. You won’t get relief beyond that, but you won’t be penalized either.
On the other hand, the state also incentivizes employer contributions. If an employer contributes up to RSD 8,449 per employee, that amount is exempt from taxes and social contributions. A great way to reward your employees, right?
I’M ALREADY A FUND MEMBER AND WANT TO RESUME PAYMENTS
No matter why you stopped making payments to the fund, you can resume at any time. That’s one of the key advantages of voluntary pension funds – flexibility!
It’s important to know which of our funds your individual account is opened in – Ekvilibrio or Štednja – as well as your contract/account number.
In addition to deciding when and how much to contribute, you also choose your preferred payment method: payment order, standing order, or administrative wage deduction. To continue making contributions, please contact us and we’ll send you the payment instructions.
I WANT TO CHECK MY BALANCE
All members can access their accumulated balance 24/7 through the MY ACCOUNT option.
For more information about the MY ACCOUNT platform, click this link.