The Pan-European Personal Pension Product (PEPP) is a simple, long-term savings plan created to help you build additional retirement income. Unlike traditional unit-linked insurance products, the PEPP is a modern, transparent, and low-cost solution that gives you full control and flexibility over your future financial security. Contributions to the PEPP are tax-deductible in the Republic of Cyprus and the payment of the accumulated funds at retirement are tax-exempt.
As a Euro-denominated product registered with EIOPA, the PEPP provides stability, protection, and freedom of movement across Europe. It is also available to Turkish-Cypriot citizens of the Republic of Cyprus, allowing you to safeguard your retirement savings in a strong and stable currency rather than being exposed to the high volatility of the Turkish Lira.
Starting your personal pension product with LifeGoals PEPP is secure and simple. The entire process is digital, allowing you to open an account directly through the LifeGoals app. The platform is designed to be user-friendly and accessible across the EU.
The onboarding process is simple and straightforward.
You can select from different investment options that are dynamically adjusted based on your retirement horizon. The PEPP also integrates environmental, social, and governance (ESG) factors into its investment process.
Contributions are flexible, and you can make them without mandatory monthly commitments or pressure.
PEPP is for all Europeans, whether employed, self-employed, or in between. It’s a personal retirement plan that can supplement any existing workplace pension. PEPP offers a simple, flexible way to save for retirement, with tax-deductible contributions and tax-exempt retirement benefits
The LifeGoals PEPP is built for:
The plan is fully portable across EU countries.
In Cyprus, your contributions count towards your tax-deductible income and your retirement benefit is tax exempt.
Fees and all costs are capped at 1% annually.
Choose from Basic, Growth, or Aggressive investment life-cycle strategies — all with full contribution flexibility.
Open your account, invest, and manage everything from your phone.
PEPP is heavily regulated at the EU under the European Insurance and Occupational Pensions Authority (EIOPA)
Turkish Cypriots who are citizens of the Republic of Cyprus can sign up for the PEPP provided they have:
The PEPP is developed according to the European Regulation (EU) 2019/1238, with the European Insurance and Occupational Pensions Authority (EIOPA) as the main supervisory authority. At a national level, the PEPP is regulated by the national competent authorities of each Member State. The LifeGoals PEPP is under the supervision of the Cyprus Securities and Exchange Commission (CySEC).
The tax treatment of the PEPP is subject to the rules and regulations of how pension contributions, investment returns, and withdrawals are taxed at each EU Member State. In Cyprus, savers’ contributions to the PEPP and the payment of the accumulated funds at retirement are tax-deductible.
The Basic PEPP is the default investment option offered to PEPP savers. It is designed to be a safe, low-risk investment option aimed at preserving the saver’s capital while providing the potential for modest investment returns over the long term. The LifeGoals Basic PEPP uses a “life-cycling” model, where the investment allocation is gradually adapted during the saver’s life, lowering the investment risk as retirement approaches.
The LifeGoals Basic PEPP is subject to a regulatory cost cap of 1% of the accumulated capital per annum, making it an affordable and accessible retirement savings option for all EU citizens. LifeGoals alternative PEPPs are also capped at 1%.
LifeGoals supports the growing demand for socially responsible investments, enabling the PEPP savers to align their retirement savings with their personal values and beliefs. The LifeGoals PEPP strategically invests in companies and assets that prioritise environmental protection, social responsibility, and good corporate governance practices.
The LifeGoals PEPP strives to provide transparency to its users by providing clear, easy-to-understand information about the product, its fees, risks, and potential returns, all through the LifeGoals online platform.
The Lifegoals Group PEPP can be offered as a cost-effective workplace pension scheme under which the employer can make contributions on behalf of the employee, as a benefit or incentive. Employees can also make additional contributions from their salaries.
LifeGoals is a licensed Cypriot Investment Firm (CIF) under MiFID II, dedicated to transforming how people plan and save for retirement.
With a time-tested investment philosophy and technology at its core, LifeGoals empowers individuals and employers to build secure financial futures. Our award-winning platform enables fully digital onboarding, real-time access, and seamless integration of 2nd and 3rd pillar pensions and private investments — all in one place.
Client assets are held in segregated custodian accounts, ensuring maximum security and full regulatory protection.
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