It's not unusual for someone to have more than one retirement-focused product: pension fund membership left over from a past job, their own NYESZ account, and now they're considering pension insurance too. The good news: these forms can coexist. The thing to know: the tax-credit caps meet up – and it's worth planning the split deliberately.
- All three supported forms have their own tax-credit rule and cap – pension insurance's is HUF 130,000 a year in 2026.
- The combined annual ceiling on the total credit is HUF 280,000 in 2026 – under the rules in force at the time.
- The split comes from the amounts stated in each declaration, within the bounds of the per-form caps and the combined annual limit – so it's worth planning ahead, before you file.
The caps in 2026
The credit for each of the three supported forms is regulated separately: for pension insurance, 20% of payments, up to HUF 130,000 a year; for voluntary mutual insurance funds (pension, health and self-help funds combined), 20% of what you pay in, up to HUF 150,000 a year; for NYESZ, 20% of payments, up to HUF 100,000 a year. The combined ceiling in 2026 is HUF 280,000 a year – in other words, the three caps can't simply be added together without limit.
These figures follow the laws in force at any given time – before filing, the current NAV guidance is what counts; for a detailed comparison of the forms, see which path suits whom.
How should you split it?
Splitting the cap isn't a matter of principle, it's arithmetic: how much you pay annually into each product, and how the 20% shares fit within the shared limit. If you pay into all three forms (fund + pension insurance + NYESZ), the three caps together would exceed the combined annual ceiling of HUF 280,000 – that's when you need to split the allowance. With just a fund and pension insurance, the two caps (HUF 150,000 + HUF 130,000) together exactly reach the combined limit, so both can be used in full.
We won't offer generic advice here – the right split depends on your premium levels, any employer contribution, and your personal tax situation. For planning ahead of filing, the accountant checklist gives you a set of questions; the needs assessment helps draw out the full picture.
Typical situations
- Pension fund membership with an employer contribution + new pension insurance: a common, well-working pair – the employer's contribution goes into the fund, while your own payments can be planned with their own focus.
- NYESZ for active investors + pension insurance for the discipline: the two logics complement each other; it's worth redistributing the caps every year.
- Multiple pension insurance contracts: the HUF 130,000 cap is one per person – having more than one contract doesn't multiply it.
For the details of coordinating them: can the forms be combined and tax credits side by side.
The routine for keeping it organized
Once a year – before filing – it's worth putting together a five-row table: form, annual payment, expected credit, cap, notes. It takes ten minutes, and it immediately shows whether any cap is left unused, and where an ad-hoc payment is best directed.
I put this mini-overview together for my clients as part of the anniversary round – standing on several legs is good, but it only really pays off with well-organized caps.
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