Prepare for your retirement with peace of mind

  • Flexible savings from as little as €50/month
  • Deductible from your income tax
  • Protection of your loved ones in case of death
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Preparing for retirement means thinking about your future self.

Preparing for retirement means giving yourself the means to choose how you will enjoy it when the time comes. MySmartPension, retirement savings designed to secure your income and ensure you maintain your standard of living once your career comes to an end.  

3 good reasons to choose AXA Retirement Savings

From €50/month, you can guarantee your standard of living in retirement.

  • Benefit from tax relief

    • Up to a maximum of €4,500 per year.
    • Regardless of your age or marital status.
    *Article 111bis L.I.R., your savings remain taxable on withdrawal. The tax advantage depends on your tax situation and income level

  • Grow your savings

    • Investissement possible en unités de compte pour maximiser vos rendements.
    • Support à taux garanti de 1,25% avec participation aux bénéfices.
    • Réduction progressive du risque à l'approche de la retraite.
    • Possibilité d'opter pour du taux garanti uniquement.

  • Access your savings according to your needs

    • Lump-sum payment.
    • Lifetime monthly annuities.
    • Scheduled withdrawals.
    • A tailored combination.

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Retirement savings offer

Benefits that make all the difference

Choose a flexible retirement savings plan that allows you to invest in guaranteed-rate products or unit-linked funds according to your goals and profile.

  • Flexible payments

    Agree a monthly or annual amount, while remaining free to pay additional sums at any time.

  • Protect your loved ones in the event of death

    Designate a beneficiary to receive the capital you have saved in the event of your death during the term of the policy. You may also freely choose your beneficiaries for the payment of capital in the event of death.

  • Choosing a sustainable investment

    AXA offers you a selection of funds that take sustainable investment into account. Find the list of products offered by AXA Assurances Vie Luxembourg as well as the documentation required under the regulations on sustainable financing regulations here.

  • A turnkey solution

    More than support, AXA offers you complete management by experts:

    •    AXA professionals manage your investments.
    •    Your exposure to risk is adjusted over time according to your age.
     

  • Investment diversification

    To take advantage of the best opportunities and minimise risk, AXA offers: 

    •    Investment in dynamic and defensive assets
    •    Geographical diversification (Eurozone, USA, emerging countries)
    •    Investment in sectors with strong long-term growth potential (healthcare, raw materials, property, infrastructure).
     

What you need to know about retirement in Luxembourg.

Preparing for retirement means ensuring peace of mind after your career. In Luxembourg, the retirement system is built on 3 pillars:

  • The allocation and amount of your statutory pension in Luxembourg takes account of three criteria: your age, the period of employment during which you contributed and your income during that period.

  • Your employer may choose to enrol you in a pension plan to supplement your state pension.

  • The personal supplementary pension will supplement the statutory pension and the pension scheme provided by the employer. It’s all about securing your financial independence!
    What's more, these products are deductible from your income tax (art. 111bis L.I.R.), provided they are taken out for a minimum period of 10 years.

What are the implications for Luxembourg tax returns?

Here are two examples of tax deductions to help you picture the benefits.

  • Olivier is 30 years old and still in the early stages of his working life, but he wants to look ahead and prepare for his retirement now, while benefiting from the attractive tax deductions offered by pension savings. His annual taxable income is €40,000.
    During an evening out with friends, he was advised to subscribe to MySmartPension, to benefit from the attractive returns on offer and savings invested according to his objectives.

    Following a meeting with his adviser, his investment profile is identified as Dynamic. His savings will therefore be invested in unit-linked investment funds to maximise returns.

    What will Olivier's annual tax benefit be?

    On his annual premium of €1,500, the maximum tax refund will be €420.
    The actual cost of his savings plan will therefore be €1,080 per year.

    How much can Olivier expect to save when he reaches retirement age?

    With MySmartPension, Olivier will have 3 options:

    • Receive the full amount of his accumulated capital as a lump sum payment, i.e.: €106,000 (based on a neutral scenario assumption).
    • Choose a lifetime annuity
    • Combine a partial lump-sum payment with a monthly lifetime annuity.

    *The example above is provided for illustrative purposes only and constitutes an indicative estimate of the potential tax impact and possible returns. It takes into account a gross guaranteed rate of 1.25% (on the amount invested after deduction of entry fees) for 8 years, assuming that this rate is maintained throughout the entire investment period, as well as a profit-sharing rate (which is not guaranteed), and an investment split between unit-linked funds and guaranteed-rate funds. 
    The applicable regulations are subject to change. For a complete analysis tailored to your personal and financial situation, we recommend that you consult a qualified professional.  
     

  • Marie is 40 years old and wants to prepare for retirement. With an annual taxable income of €62,000, she decided to take out a MySmartPension to supplement her income when she reached retirement age (65).

    Following discussions and analysis with her AXA adviser, her investment profile is defined as Defensive.
    Her savings will be split between guaranteed-rate funds and investment funds, allowing her to secure her savings while still aiming to maximise returns.

    What will Marie's annual tax benefit be?

    On her annual premium contribution of €4,500, the maximum tax refund will be €1,877.
    The actual cost of her savings plan will therefore be €2,623 per year. 

    How much can Marie expect to save when she reaches retirement age?

    With MySmartPension, Marie will have 3 options: 

    • Receive the full amount of her accumulated capital as a lump sum payment, i.e.: €167,000 before tax* (assuming an intermediate scenario).
    • Choose a lifetime annuity
    • Combine a partial lump-sum payment with a monthly lifetime annuity.

    *The example above is provided for illustrative purposes only and constitutes an indicative estimate of the potential tax impact and possible returns. It takes into account a gross guaranteed rate of 1.25% (on the amount invested after deduction of entry fees) for 8 years, assuming that this rate is maintained throughout the entire investment period, as well as a profit-sharing rate (which is not guaranteed), and an investment split between unit-linked funds and guaranteed-rate funds. 
    The applicable regulations are subject to change. For a complete analysis tailored to your personal and financial situation, we recommend that you consult a qualified professional. 

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Simply find and download your tax certificates and other useful documents from MyAXA.

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In every region of Luxembourg, an advisor is on hand to help you prepare for your future with confidence.

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Still have questions?

  • There is none! It's the same type of life insurance, only under different names.

  • Only cross-border workers who file a tax return in the Grand Duchy of Luxembourg can subscribe to a retirement insurance plan and thus benefit from tax advantages and a retirement capital for the future.

  • It all depends on your tax situation, income and investment. See Olivier and Marie's examples above.

  • The PER is a savings product specifically designed to anticipate the loss of income on retirement. Your savings are locked in for a minimum of 10 years. Life insurance, on the other hand, is a savings and investment product that can be used for a variety of purposes: building up capital, preparing for retirement, protecting loved ones in the event of death or passing on assets. Find out more about the advantages of each in our blog article.

Our advice for a well-prepared future

On our blog, you'll find all our tax and pension advice to help you prepare for your future with peace of mind while optimising your tax position.

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