Preparing for retirement with retirement provision
As you know, the amount of your future state pension will be well below your current salary.
To take full advantage of your retirement, you can build up additional savings. This is also accompanied by an advantageous tax system.
Article 111 bis of the Income Tax Act amends the maximum annual deductible amount of your retirement provision premiums.
Previously, the ceiling was linked to the taxpayer's age: amounts ranging from €1,500 to €3,200 could be deducted from the tax base.
Since 1 January 2017, the ceiling was reassessed at €3,200 for all, without age requirement.
This measure affects both current policies and new subscriptions.
The minimum subscription period is 10 years, with no possibility of early liquidation except in the event of serious illness or disability.
The benefit is payable at the earliest at age 60, at the latest at age 75.
"With this new benefit, I pay less tax, while building up retirement capital" enthuses Caroline, 53, human resources manager at an audit firm. "It's reassuring to know that a supplementary pension is waiting for me to face the unexpected."