Make the most of the Autofestival with…
While the Autofestival is being prepared in the various car dealerships and garages in Luxembourg, Sophie and Marc are asking themselves 1001 questions! Which…
Eric is one of the many cross-border commuters working in Luxembourg. With his small family, his wife and two children, he has built a great life for himself. Approaching his forties, he takes the time to reflect on his career, his future and his retirement dreams.
What is the outlook for the next 20-25 years? No-one has a crystal ball to predict what the future holds.
With all the current upheavals in our society, the retirement age could rise and pension payments could fall.
Since we never know what the future will bring, being proactive and starting to build a pension pot seems urgent for Eric.
... he says to himself, and he begins to find out more about options for private pension schemes (i.e. supplementary pension schemes).
Although Eric is not a Luxembourg resident, he earns more than 90% (*) of his professional income in Luxembourg and is therefore considered a resident taxpayer and benefits from the same deductions and allowances as Luxembourg residents.
(*) 50% for residents of Belgium
Since “the 2017 fiscal year, premiums paid to a private pension plan can be deducted up to a maximum of EUR 3,200 per year, regardless of the age of the policyholder*.
The maximum limit allowed under the tax deduction scheme is individual and is established separately for each spouse who has concluded a pension plan."
Eric can simulate his personal situation in the S-Net Store, under “S-Pension”, and is soon convinced that a supplementary pension plan is a double win, allowing him not only to build a pension pot for his retirement but also to benefit from significant tax advantages straight away.
With all the arguments in hand and the simulation complete, Eric is certain that he has made the right choice. He takes out an “S-Pension” supplementary pension directly via the Store on his S-Net Mobile, all without leaving the house!