See how your pension contributions grow over time and how much you save in taxes each year.
| Year | Contributed | Growth | Total Value |
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The Czech pension savings system allows you to invest in a wide range of funds while receiving tax deductions of up to 48,000 CZK per year. This means you can reduce your annual tax base by up to 48,000 CZK — saving you real money on your tax bill every year.
If you contribute up to 4,000 CZK/month (48,000 CZK/year), the entire amount is tax-deductible. At a 15% tax rate, that saves you 7,200 CZK per year. At 23%, you save 11,040 CZK. Over 15 years, the tax savings alone can amount to over 100,000 CZK.
Your money stays yours. If you withdraw before the minimum holding period, you return the tax savings you claimed — but the rest of your money, including all investment growth, is yours to keep.
Many employers add their own contributions on top — typically around 3% of your gross salary. This is essentially free money. Even if you leave Czechia, you keep the employer contributions.