To terminate your LTIP properly, you must meet two specified conditions: hold the LTIP for at least 10 years and withdraw the funds no earlier than the year in which you turn 60. The reason is that otherwise you would have to pay retroactively the tax relief that was granted.

Money in an LTIP account that has not been invested yet is insured by law in a similar way to a savings account. Of course, this does not apply to money already invested under the LTIP.

You can see the current value of your investments in your LTIP account in the Patria Finance section of Smart; details can be found in the Patria Finance mobile app or the WebTrader web app. In the Investment Portal, you can only see funds offered by the KBC Group and distributed by ČSOB that you have invested in under your LTIP.

A common feature of all of these retirement savings products is tax relief granted in the form of a reduction in the tax base of up to CZK 48,000 per year. In the ČSOB Financial Group we can offer you most of these products. It is up to you what type(s) you opt for. You can use all of them, some of them, or just one. We will help you choose the right ones.

If you arrange for an LTIP, you need not terminate any other products that you keep as a retirement reserve.

Each of the retirement products has its own specifics. With an LTIP, for example, you can influence where exactly you invest.

Yes, it does. It does not matter if it is an investment under an LTIP or a regular portfolio. Nor do we draw any distinction between your own contributions and those of your employer.

We will be happy to answer your questions on the phone number 221 424 240 on weekdays from 7 a.m. to 5 p.m. We are also available at patria@patria.cz.

You can also find an overview of your LTIP account in your Smart or in the Patria Finance app.

You can see the current value of your investments in your LTIP account in the Patria Finance section of Smart; details can be found in the Patria Finance mobile app or the WebTrader web app. In the Investment Portal, you can only see funds offered by the KBC Group and distributed by ČSOB that you have invested in under your LTIP.

Do you have an LTIP from Patria Finance? Then you can find everything in your Long-Term Investment Product (LTIP) Agreement (WebTrader under My Profile> Documents and Statements> Signed documents, or in the mobile app under “How I can have my employer send money for me”).

Do you have an LTIP from ČSOB arranged before 18 October 2025? Your employer can remit contributions to a collection account, No. 330655771/0300, using the VS (variable symbol) identifier of your LTIP account, which you will find in your contract. If your employer remits both your contribution and theirs at the same time, they must enter the SS (specific symbol) identifier 7777777777 (ten sevens) for your payment. The employer’s contribution has no SS (specific symbol) identifier.

The statutory requirement is that you hold the LTIP for at least 10 years and that you do not withdraw the money before you turn 60. This is simply referred to as the 10/60 rule.

Although you can terminate the LTIP early, in such a case you will have to pay any tax benefits you have been granted up to that point. An exception is termination for reasons such as third-degree disability. We therefore recommend that you do observe the 10/60 rule.

Documents (for tax return purposes) on ČSOB LTIPs arranged before 18 October 2025 are available from 20 January 2026. These include a statement and certificate of funds deposited into the LTIP. You can find them in your Smart in the bottom bar under Menu, section Information – Contracts and documents, or in Internet Banking under Reports – Documents.

Certificates of deposits made into LTIPs from Patria Finance are available in the WebTrader web app in the section “Documents for tax return purposes” from 15 January 2026. There are two possible paths: Menu – Next – Documents for tax return purposes, or My Profile – Documents and statements – Documents for tax return purposes.