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Investing in funds

I hold an individual register at ESALIENS (opened through a funds' distributor). I would like to know how I could make my spouse a co-owner of the register?

1. An individual register may be transformed in a joint register. This rule applies also to joint registers maintained within regular saving plans and schemes. The transformation of an individual register into a joint one may be processed only through redemption of participation units kept in the individual register and then making a separate order to purchase units in the existing or newly opened joint register.

2. It is also possible to transform an individual register into a joint marital register under the condition that the community property existed at the time of opening the individual register. The spouses placing an order for transforming an individual register into a joint marital register declare that at the time of opening the transformed individual register the community property existed. The transformation is performed by way of a transfer resulting in opening a new joint marital register in the same fund in which the participation units of the same class are registered. The transfer to registers maintained within regular savings plans and schemes is not possible.

3. There is no possibility to transform the IKE or IKZE account into a joint marital register, since only one person may save on one IKE or IKZE.

How can I check the balance of my account?

You may contact the Client Service Centre in order to obtain a PIN code that will enable you to access the information about your account online and via the telephone. Call the Client Service Centre by dialing the following phone numbers:
801 12 22 12, (+48) 22 640 06 40, (+48) 22 310 96 40 (available on business days from 8.00 am to 6.00 pm, your operator’s charges shall apply)
and ask for granting access to IVR (telephone service) and ESALIENS24.pl (online service).

Is it possible to perform a switch between funds without taxes and charges?

1. In the case of IKE, the holder may place an order to change the structure of funds accumulated on the IKE account. It is performed by a switch between selected investment funds/subfunds. The change of the structure of funds accumulated on the IKE account is free of charge and exempt from capital gains tax.

2. In the case of IKZE the holder may place an order to change the structure of funds accumulated on the IKZE account. It is performed by a switch between selected investment funds/subfunds. The change of the structure of funds accumulated on the IKE account is free of charge and exempt from capital gains tax.

3. In the case of investment funds a participant can at any time place a switch order from ESALIENS Senior OEIF to a selected subfund within ESALIENS Umbrella OEIF (and the other way around), as long as they are kept with the same participation unit class. If the participation units subject to redemption have generated profit, the capital gains tax shall be applicable. In the ultimate fund / subfund an initial processing fee shall be charged according to the Table of Fees and Charges which is available at ESALIENS website.

4. In the case of subfunds

a participant can at any time place a switch order from one subfund within an umbrella fund to a selected subfund within the same umbrella fund, as long as they are kept with the same participation unit class. In that case the switch is not subject to capital gains tax. In the ultimate subfund an initial processing fee shall be charged according to the Table of Fees and Charges which is available at ESALIENS website.

Initial processing fees in the case of switch orders:

In the case of a switch an initial processing fee shall be charged. The fee is calculated as a difference between the amount of fee which would be charged at the purchase of participation units in a fund/subfund as a result of the switch, and the total amount of fees which have been charged for the purchase of participation units that are subject to the switch. The fee is charged provided that the difference is positive.

What should I do in the case of a change in personal data (e.g. change of my residence address)?

The order for the change of your personal data may be placed:

How long does a purchase and redemption of participation units as well as the transfer of money to the bank account last?

PURCHASE:
D – the day of crediting particular fund’s account with your money
D+1 – Establishing a unit price applicable to the purchase if the bank transfer title has been properly provided
D+2 – the participation units are calculated according to the pricing specified on the day D+1

SWITCH, REDEMPTION
D – the day of placing the order by the Client, the order is transferred to the Transfer Agent
D+1 – the Transfer Agent receives the order. This is the day of establishing the price applicable to the order.
D+2 – transaction settlement according to the pricing specified on the day D+1
D+3 – transfer of money from redemption to the client’s account

The date of placing an order is not equivalent to the date of participation units redemption. Redemption may be processed not later than within 7 days of placing the redemption order unless the possible delay is a consequence of events or circumstances for which the fund is not responsible.
The above specified process is applicable to orders and money transfers that have been made in an appropriate way.

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