Mapfre Msv Life, together with Bank of Valletta, are offering a limited-time incentive for customers looking to take a more proactive approach to retirement planning.

Customers who take out a new Mapfre Msv Life Unit Linked Personal Pension Plan through any BOV Branch or Investment Centre will receive a one-time top-up equivalent to their regular monthly contribution, or the pro-rata equivalent for other payment frequencies, up to a maximum of €200.

The top-up will be credited to the customer's Mapfre Msv Life Unit Linked Personal Pension Plan 14 months after the plan's commencement date, provided that the first 12 consecutive monthly contributions have been paid and allocated. The top-up is not transferable.

Commenting on the offer, Bank of Valletta's Head of Insurance Services and Pensions, Alex Bezzina, said that customers are becoming increasingly aware of the importance of long-term financial planning.

"More people are recognising that retirement planning is not simply about preparing for later life, but about giving themselves greater financial confidence and flexibility for the future," Mr Bezzina said.

The plan offers policyholders a high degree of flexibility. Customers may switch between funds up to twice a year at no charge and invest across as many as 10 different funds simultaneously, allowing them to adapt their investment strategy over time while maintaining greater control over how their retirement savings are managed.

Customers can start investing with contributions from as little as €40 per month and may adjust their contributions over time to reflect their personal circumstances and financial objectives.

In addition to helping customers build long-term savings, the plan offers tax benefits. Eligible individuals may qualify for a tax credit equal to 25 per cent of their annual contributions, up to a maximum of €750 per year, in accordance with applicable tax legislation. Under current legislation, customers may also receive up to 30 per cent of their pension fund as a tax-free lump sum when their retirement benefits are triggered.

The offer is available until 30th September 2026, unless it is withdrawn earlier by Mapfre Msv Life.