One Pension Shares Account

Each EU citizen will have the right to open a tax-free, self-administered pension shares account with a defined maximum annual contribution. This account will be transferable across EU countries in case the EU citizen changes their domicile. EU citizens will have the right to receive a tax-free lump sum in the event of property purchase or retirement. As long as the person remains an EU citizen, they should be able to make annual contributions even during periods of working in non-EU countries.