In Luxembourg too, the value of your pension is lower than the final income you receive during your working life.
To close this gap, start building up a supplementary retirement savings plan with AXA to continue to take full advantage of life when you get your pension.
Benefit from advantageous tax deductions as well, for the duration of your policy.
When you retire, the amount of your pension will fall and your income will be lower than what you earned during your working life.
In addition, with increases in the standard of living, and the number of people receiving a state pension increasing, its value will tend to decrease.
To maintain your standard of living and fully enjoy your retirement, start building up savings now, during your working life.
Starting early makes it easier for you to save for retirement.
Issued in the form of a life annuity or in one go when you retire, these additional savings will allow you to maintain your level of income and thus continue to enjoy life.
To help you save, in Luxembourg you can get tax deductions on the premiums you pay (Section 111 bis of Luxembourg’s income tax law).
Each year you can deduct the amount of your insurance premiums from your taxable base.
The maximum annual deductible amount is €3200.
This way you reduce your taxes today and increase your retirement income tomorrow.
At AXA, you have two solutions to build retirement savings and enjoy tax deductions:
The Save for Life Pension is a tax-efficient insurance product that allows you to combine traditional savings solutions with stock market investments to take advantage of the best returns on the market.
Enjoy a guaranteed rate for the duration of your contract.
Alizea is a tax-efficient solution that allows you access to your savings from the age of 60 and at the latest at 75, provided that the policy has been open for a minimum of 10 years.
The maximum amount deductible depends on the data provided by the taxpayer and his/her family situation.
The pension system in Luxembourg is based on three pillars: