{"id":50638,"date":"2026-04-10T06:22:11","date_gmt":"2026-04-10T06:22:11","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/50638\/"},"modified":"2026-04-10T06:22:11","modified_gmt":"2026-04-10T06:22:11","slug":"penzijni-spolecnosti-ukazaly-svoje-plany-nasypat-mladym-poplatky-moc-nemenit","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/50638\/","title":{"rendered":"Penzijn\u00ed spole\u010dnosti uk\u00e1zaly svoje pl\u00e1ny. Nasypat mlad\u00fdm, poplatky moc nem\u011bnit"},"content":{"rendered":"

V\u00edce ne\u017e polovina lid\u00ed mlad\u0161\u00edch 55\u00a0let dnes spo\u0159\u00ed na st\u00e1\u0159\u00ed zbyte\u010dn\u011b \u201ep\u0159i zemi\u201c, ukazuj\u00ed data Asociace penzijn\u00edch spole\u010dnost\u00ed. A\u00a0nemysl\u00ed t\u00edm jen mno\u017estv\u00edm pen\u011bz, ale p\u0159edev\u0161\u00edm stylem spo\u0159en\u00ed. Zaji\u0161t\u011bn\u00ed na d\u016fchod je pak skromn\u011bj\u0161\u00ed, ne\u017e by mohlo b\u00fdt, kdyby se st\u0159adatel\u00e9 neb\u00e1li akci\u00ed.<\/p>\n

Asociace proto navrhuje zm\u011bnu, kter\u00e1 by nov\u00e9 \u00fa\u010dastn\u00edky spo\u0159en\u00ed povinn\u011b za\u0159adila do takzvan\u00e9 \u201estrategie \u017eivotn\u00edho cyklu\u201c. V\u00a0ml\u00e1d\u00ed by tak nakupovali p\u0159ev\u00e1\u017en\u011b akcie a\u00a0a\u017e s\u00a0postupuj\u00edc\u00edm v\u011bkem by se pak majetek automaticky p\u0159ekl\u00e1p\u011bl do konzervativn\u011bj\u0161\u00edch n\u00e1stroj\u016f.<\/p>\n

\u201eZbyte\u010dn\u011b konzervativn\u00ed strategie ub\u00edr\u00e1 lidem v\u00a0kone\u010dn\u00e9m d\u016fsledku statis\u00edce a\u017e miliony,\u201c uvedl Josef Luk\u00e1\u0161ek, viceprezident Asociace penzijn\u00edch spole\u010dnost\u00ed a\u00a0p\u0159edseda p\u0159edstavenstva Allianz penzijn\u00ed spole\u010dnosti.<\/p>\n

Strategie \u017eivotn\u00edho cyklu by tak mohla v\u00a0praxi vypadat podobn\u011b, jak u\u00a0cel\u00e9 \u0159ady fond\u016f funguje dnes. Zhruba do pades\u00e1tky by se ulo\u017een\u00e9 pen\u00edze investovaly do akci\u00ed a\u00a010\u00a0a\u017e 15\u00a0let p\u0159ed odchodem do penze by se pod\u00edl akci\u00ed sni\u017eoval a\u00a0na v\u00fdznamu by nab\u00fdvaly konzervativn\u00ed investi\u010dn\u00ed n\u00e1stroje jako t\u0159eba st\u00e1tn\u00ed dluhopisy. Rozd\u00edl by byl v\u00a0tom, \u017ee by tato strategie byla prvn\u00ed a\u00a0automaticky nastavenou volbou. \u00da\u010dastn\u00edk by ji ale mohl kdykoliv m\u011bnit.<\/p>\n

Ministerstvo financ\u00ed n\u00e1vrh penzijn\u00edch spole\u010dnost\u00ed dostalo ve st\u0159edu a\u00a0bude ho analyzovat, \u0159ekl mluv\u010d\u00ed ministerstva Filip B\u011bhal. \u201eMF se s\u00a0Asociac\u00ed shoduje na obecn\u00e9 nutnosti pos\u00edlen\u00ed motivace mlad\u00fdch klient\u016f ke vstupu do t\u0159et\u00edho pil\u00ed\u0159e a\u00a0pos\u00edlen\u00ed motivace k\u00a0dlouhodob\u00e9mu spo\u0159en\u00ed ve v\u00fdnosn\u011bj\u0161\u00edch dynamick\u00fdch fondech s\u00a0vyu\u017eit\u00edm strategie \u017eivotn\u00edho cyklu,\u201c dodal B\u011bhal.<\/p>\n

Resort Aleny Schillerov\u00e9 (ANO) aktu\u00e1ln\u011b p\u0159ipravuje reformu t\u0159et\u00edho penzijn\u00edho pil\u00ed\u0159e, tedy dobrovoln\u00e9ho, st\u00e1tem podporovan\u00e9ho spo\u0159en\u00ed na st\u00e1\u0159\u00ed. Z\u00e1sadn\u00ed zm\u011bnou by m\u011blo b\u00fdt v\u00fdrazn\u00e9 sn\u00ed\u017een\u00ed poplatk\u016f, kter\u00e9 si \u00fa\u010dtuj\u00ed penzijn\u00ed fondy. N\u00e1vrh zm\u011bn chce ministerstvo vl\u00e1d\u011b p\u0159edlo\u017eit do konce \u010dervna, aby mohly za\u010d\u00edt platit od ledna p\u0159\u00ed\u0161t\u00edho roku.<\/p>\n

<\/a><\/p>\n

Debatu o\u00a0poplatc\u00edch rozpoutala studie CERGE-EI, podle kter\u00e9 \u010de\u0161t\u00ed klienti plat\u00ed ve srovn\u00e1n\u00ed s\u00a0vybran\u00fdmi zahrani\u010dn\u00edmi syst\u00e9my a\u017e p\u0159\u00edli\u0161. Auto\u0159i studie Filip Pertold a\u00a0Luk\u00e1\u0161 N\u00e1dvorn\u00edk navrhuj\u00ed sesekat ro\u010dn\u00ed n\u00e1kladovost fond\u016f ze sou\u010dasn\u00e9ho 1\u00a0% ro\u010dn\u011b zhruba na polovinu.<\/p>\n

\u010clenov\u00e9 Asociace penzijn\u00edch spole\u010dnost\u00ed sv\u016fj n\u00e1vrh na optim\u00e1ln\u00ed v\u00fd\u0161i poplatk\u016f nemaj\u00ed, koordinovat sv\u016fj postup ostatn\u011b – kv\u016fli limit\u016fm pravidel hospod\u00e1\u0159sk\u00e9 sout\u011b\u017ee – nesm\u011bj\u00ed.<\/p>\n

Jak je to s\u00a0poplatky <\/p>\n

U poradensk\u00e9 spole\u010dnosti Ernst & Young, si ale zadali srovn\u00e1vac\u00ed studii, kter\u00e1 zdej\u0161\u00ed poplatkovou strukturu vyhodnotila jako srovnatelnou s\u00a0vybran\u00fdmi zahrani\u010dn\u00edmi dynamick\u00fdmi fondy. Porovn\u00e1vala ji nap\u0159\u00edklad se \u0160pan\u011blskem, Ma\u010farskem \u010di pobaltsk\u00fdmi st\u00e1ty. <\/p>\n

\u201ePoplatky pat\u0159\u00ed v\u00a0\u010cR k\u00a0vy\u0161\u0161\u00edm, ale vybo\u010duj\u00ed pouze v\u00fd\u0161\u00ed mo\u017en\u00e9ho maxima poplatku za zhodnocen\u00ed\u00a0– celkov\u00e1 v\u00fd\u0161e poplatku je tedy odvozena od vysok\u00e9 v\u00fdkonnosti fond\u016f, fixn\u00ed \u010d\u00e1st za obhospoda\u0159ov\u00e1n\u00ed pat\u0159\u00ed k\u00a0ni\u017e\u0161\u00edm,\u201c uv\u00e1d\u00ed materi\u00e1l EY.<\/p>\n

Podle Luk\u00e1\u0161e N\u00e1dvorn\u00edka z\u00a0CERGE-EI ale nelze poplatek za zhodnocen\u00ed opominout, b\u00fdv\u00e1 velmi v\u00fdznamnou \u010d\u00e1st\u00ed ka\u017edoro\u010dn\u00edch poplatkov\u00fdch n\u00e1klad\u016f.\u00a0Nap\u0159\u00edklad dynami\u010dt\u011bj\u0161\u00ed penzijn\u00ed fondy jsou tak u\u00a0n\u00e1s zat\u00ed\u017eeny pravideln\u00fdm poplatkem i\u00a0v\u00fdrazn\u011b p\u0159es 2\u00a0% ro\u010dn\u011b, co\u017e je srovnateln\u00e9 jen s\u00a0nejdra\u017e\u0161\u00edmi komer\u010dn\u00edmi pod\u00edlov\u00fdmi fondy u\u00a0n\u00e1s, uv\u00e1d\u00ed.<\/p>\n

\u201ePokud uv\u00e1\u017e\u00edme, \u017ee st\u00e1t penzijn\u00ed produkty podporuje ka\u017edoro\u010dn\u011b \u010d\u00e1stkou okolo 18\u00a0miliard korun a\u00a0\u017ee alternativy spo\u0159en\u00ed na st\u00e1\u0159\u00ed, nap\u0159\u00edklad DIP, nab\u00edz\u00ed investov\u00e1n\u00ed za n\u011bkolik desetin procenta ro\u010dn\u011b, jsou poplatky v\u00a0penzijku v\u00a0dne\u0161n\u00ed dob\u011b z\u00a0m\u00e9ho pohledu naprosto neobhajiteln\u00e9,\u201c m\u00edn\u00ed N\u00e1dvorn\u00edk.<\/p>\n

Aby si ve st\u00e1\u0159\u00ed mohl po dobu 20\u00a0let ka\u017ed\u00fd m\u011bs\u00edc p\u0159ilep\u0161it deseti tis\u00edci korunami sta\u010d\u00ed \u0160v\u00e9dovi odkl\u00e1dat m\u011bs\u00ed\u010dn\u011b v\u00a0p\u0159epo\u010dtu 260\u00a0korun a\u00a0Slov\u00e1kovi 410\u00a0korun. \u010cech\u00a0spo\u0159\u00edc\u00ed v\u00a0nov\u00fdch penzijn\u00edch fondech\u00a0mus\u00ed vynalo\u017eit p\u0159es 4000\u00a0korun. <\/p>\n

<\/a><\/p>\n

Materi\u00e1l poradc\u016f z\u00a0EY navrhuje sn\u00ed\u017eit pouze poplatek za zhodnocen\u00ed, kter\u00fd si fond \u00fa\u010dtuje krom\u011b standardn\u00edho poplatku za spr\u00e1vu \u00fa\u010dtu. Ze zhodnocen\u00ed si nyn\u00ed penzijn\u00ed spole\u010dnosti \u00fa\u010dtuj\u00ed a\u017e 15\u00a0% a\u00a0m\u011bl by se sn\u00ed\u017eit zhruba na 10. <\/p>\n

Z\u00e1rove\u0148 rad\u00ed zachovat princip \u201ehigh-water mark\u201c, tedy \u017ee si fond m\u016f\u017ee \u00fa\u010dtovat odm\u011bnu jen z\u00a0nov\u011b dosa\u017een\u00e9ho maxima. Doporu\u010duje tak\u00e9 zv\u00e1\u017eit sn\u00ed\u017een\u00ed poplatk\u016f u \u201estar\u00fdch\u201c konzervativn\u00edch fond\u016f.<\/p>\n

Podle N\u00e1dvorn\u00edka by ale takov\u00e1 zm\u011bna byla pouze \u201ekosmetick\u00e1\u201c. Kdy\u017e si drtiv\u00e1 v\u011bt\u0161ina \u00fa\u010dastnick\u00fdch fond\u016f \u00fa\u010dtuje poplatky na z\u00e1konn\u00e9m stropu, trh podle n\u011bj nefunguje dob\u0159e.<\/p>\n

\u201ePova\u017euji za spole\u010densky nezodpov\u011bdn\u00e9, \u017ee Asociace nenavrhuje \u017e\u00e1dn\u00e9 v\u00fdrazn\u011bj\u0161\u00ed sn\u00ed\u017een\u00ed poplatkov\u00e9 struktury, p\u0159esto\u017ee v\u00fdznamn\u00fdm zp\u016fsobem ur\u010duje v\u00fdnosnost spo\u0159en\u00ed a\u00a0je z\u00e1kladn\u00edm kamenem jeho modernizace. N\u00e1klady v\u011bt\u0161iny spole\u010dnost\u00ed se dlouhodob\u011b pohybuj\u00ed okolo 0,4\u00a0\u2013 \u2060\u2060\u2060\u2060\u2060\u20600,5\u00a0% ro\u010dn\u011b z\u00a0majetku pod spr\u00e1vou, co\u017e nazna\u010duje, kam a\u017e mohou celkov\u00e9 poplatky klesnout,\u201c uv\u00e1d\u00ed.<\/p>\n

Jak na mlad\u00e9<\/p>\n

Spolu s\u00a0poplatky se \u0159e\u0161\u00ed i\u00a0cesty, jak k\u00a0dobrovoln\u00e9mu spo\u0159en\u00ed na penzi p\u0159iv\u00e9st mlad\u0161\u00ed generaci. Lid\u00e9 toti\u017e s\u00a0odkl\u00e1d\u00e1n\u00edm na st\u00e1\u0159\u00ed za\u010d\u00ednaj\u00ed obvykle a\u017e po \u010dty\u0159ic\u00edtce a\u00a0zbyte\u010dn\u011b si tak zkracuj\u00ed investi\u010dn\u00ed horizont. Pen\u00edze maj\u00ed krat\u0161\u00ed \u010das se zhodnotit.<\/p>\n

Asociace proto navrhuje odm\u011bnit st\u0159adatele do 30\u00a0let jednor\u00e1zov\u00fdm bonusem, kter\u00fd by je ke st\u0159\u00e1d\u00e1n\u00ed p\u0159il\u00e1kal u\u017e v\u00a0mlad\u0161\u00edm v\u011bku. Pokud by byl tento bonus nap\u0159\u00edklad ve v\u00fd\u0161i 30\u00a0tis\u00edc korun, vedlo by to zhruba ke zdvojn\u00e1soben\u00ed po\u010dtu \u00fa\u010dastn\u00edk\u016f do t\u0159iceti let v\u011bku, v\u011b\u0159\u00ed Asociace na z\u00e1klad\u011b pr\u016fzkumu, kter\u00fd si zadala u\u00a0agentury Ipsos. Ze sou\u010dasn\u00fdch zhruba\u00a0 430\u00a0tis\u00edc lid\u00ed by jejich po\u010det mohl za n\u011bkolik let vyr\u016fst a\u017e na jeden milion.<\/p>\n

<\/a><\/p>\n

Druhou variantou je zv\u00fd\u0161en\u00ed st\u00e1tn\u00edho p\u0159\u00edsp\u011bvku pro \u00fa\u010dastn\u00edky do 30\u00a0let a\u00a0dal\u0161\u00ed mo\u017enost\u00ed by mohlo b\u00fdt sn\u00ed\u017een\u00ed minim\u00e1ln\u00ed \u010d\u00e1stky nutn\u00e9 pro zisk st\u00e1tn\u00edho p\u0159\u00edsp\u011bvku. Kdo chce dnes dos\u00e1hnout na st\u00e1tn\u00ed p\u0159\u00edsp\u011bvek, mus\u00ed spo\u0159it m\u011bs\u00ed\u010dn\u011b aspo\u0148 p\u011btistovku.<\/p>\n

Penzijn\u00ed spole\u010dnosti tak\u00e9 p\u0159ich\u00e1zej\u00ed s\u00a0n\u00e1padem dovolit mlad\u00fdm, aby si a\u017e 50\u00a0procent hodnoty naspo\u0159en\u00e9ho majetku sm\u011bli vybrat d\u0159\u00edve, a\u00a0to na n\u00e1kup prvn\u00ed nemovitosti. \u201eV\u0161echny mo\u017enosti jsou ve h\u0159e, v\u0161echny diskutujeme s\u00a0Ministerstvem financ\u00ed,\u201c uvedl Ale\u0161 Z\u00edb, p\u0159edseda p\u0159edstavenstva \u010cSOB Penzijn\u00ed spole\u010dnosti.<\/p>\n

\u201eVzhledem k\u00a0tomu, \u017ee d\u00e9lka doby spo\u0159en\u00ed je z\u00e1sadn\u00edm faktorem pro to, aby \u00fa\u010dastn\u00edk v\u00a0dob\u011b v\u00fdb\u011bru disponoval co nejvy\u0161\u0161\u00ed \u010d\u00e1stkou, vn\u00edm\u00e1me podporu mlad\u00fdch p\u0159i vstupu do penzijka za enormn\u011b d\u016fle\u017eitou,\u201c dopl\u0148uje p\u0159edseda Asociace penzijn\u00edch spole\u010dnost\u00ed Radek Moc.<\/p>\n

Kolik lid\u00ed si spo\u0159\u00ed na penzi <\/p>\n

Po\u010det lid\u00ed, kte\u0159\u00ed si spo\u0159\u00ed na penzi se st\u00e1tn\u00edm p\u0159\u00edsp\u011bvkem ve t\u0159et\u00edm pil\u00ed\u0159i penzijn\u00edho syst\u00e9mu, klesl loni podle statistik Ministerstva financ\u00ed o\u00a084\u00a0000\u00a0na 3,914\u00a0milionu. V\u00a0transformovan\u00fdch fondech, kam u\u017e lid\u00e9 nemohou vstupovat, bylo koncem lo\u0148sk\u00e9ho roku 1,75\u00a0milionu lid\u00ed. Bylo to o\u00a0270\u00a0000\u00a0m\u00e9n\u011b ne\u017e na konci roku 2024.<\/p>\n

Dopl\u0148kov\u00e9 penzijn\u00ed spo\u0159en\u00ed, kter\u00e9 penzijn\u00ed p\u0159ipoji\u0161t\u011bn\u00ed od roku 2013\u00a0nahradilo, m\u011blo 2,164\u00a0milionu lid\u00ed. V\u00a0jeho \u00fa\u010dastnick\u00fdch fondech po\u010det lid\u00ed loni stoupl o\u00a0187\u00a0000.<\/p>\n","protected":false},"excerpt":{"rendered":"V\u00edce ne\u017e polovina lid\u00ed mlad\u0161\u00edch 55\u00a0let dnes spo\u0159\u00ed na st\u00e1\u0159\u00ed zbyte\u010dn\u011b \u201ep\u0159i zemi\u201c, ukazuj\u00ed data Asociace penzijn\u00edch spole\u010dnost\u00ed.…\n","protected":false},"author":2,"featured_media":50639,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[43,42,41,40,14382,3044,470,3576,15299,5417],"class_list":{"0":"post-50638","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-cesko","8":"tag-ceska-republika","9":"tag-cesko","10":"tag-czech-republic","11":"tag-czechia","12":"tag-doplnkove-penzijni-sporeni-dps","13":"tag-mladi-lide","14":"tag-penzijni-sporeni","15":"tag-poplatky","16":"tag-prispevek","17":"tag-reforma"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116378975957821900","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/50638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=50638"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/50638\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/50639"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=50638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=50638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=50638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}