The Save for Life Pension is a life insurance retirement savings product that allows you to combine traditional savings with stock market investments to take advantage of the best returns in the market.
50% of your savings are invested in a guaranteed interest rate vehicle with profit sharing. Profit sharing means that AXA uses its financial results to increase the rate of return on your savings.
This capital is totally secure.
To cope with the current very low interest rates and gamble on a potentially higher return, the other half is placed on the financial markets, in the AXA PENSION investment fund, managed by the professionals at AXA Investment Managers.
The goal is to couple secure savings with an investment solution that offers opportunities for returns:
When you sign your policy you agree on a periodic amount to be paid. This amount is agreed for information purposes only, to make projections of your potential future returns. You remain free to make additional payments or stop them at your convenience.
Your savings can be released from the age of 60, provided that the policy has been open for a minimum of 10 years.
You can choose to let your savings grow for longer, up to 75 years.
At the time of release of the savings, you have the choice between several modes of payment:
If you die during the term of your policy, your savings are not lost. They will be given to your predefined beneficiary.
To protect your family if you die after the end of your policy, you can take out an option allowing you to pay your pension back to your spouse. Of course, this will not apply if you choose to recover your capital in one go.
Throughout the duration of the policy (minimum duration:10 years), you can deduct the amount of your retirement insurance premiums from your annual tax base in compliance with Article 111 of the Luxembourg income tax law.
The maximum annual deductible amount is €3200 regardless of age.
To find out more about possible tax deductions, visit the tax deductions page:
Enjoy a guaranteed rate for the duration of your policy.
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: