Saving and investing

The blocked savings account is a savings account that is frozen until the holder turns 18, enabling you to easily build up capital for youngsters entering adult life.

The account may be opened by a legal representative or a third party (grandparents, aunt, uncle, neighbour, etc.).

The person who opens the account is called the “depositor”.

The Tweenz and Axxess sight deposit accounts are intended for customers who, at any time, wish to save on their own behalf and have their funds at disposal. They have access to these funds starting from their 15^th birthday.

A blocked savings account is frozen until they turn 18, but offers the best interest rate among all of Spuerkeess's sight deposit accounts for young people.

The BHW housing savings scheme contract allows you to set aside savings with a view to buying, building or renovating a home... while enjoying tax benefits too! The amount saved under a housing savings scheme contract is tax deductible.

Unlike a traditional savings account, BHW offers a guaranteed interest rate and the possibility of deducting the amount saved from your taxable income (within the legally established limit). The BHW contract also makes it easier for you to buy your first home with public assistance, such as the State Guarantee.

If you are experiencing financial difficulties, you can suspend payments to your BHW account and resume making payments at any time. However, if you are saving with the goal of receiving the State Guarantee, it is recommended that you contact a Spuerkeess advisor before suspending payments to preserve your eligibility.

You can withdraw funds from your housing savings scheme account if necessary, provided that the funds are ultimately invested in your main residence. 'Investment' is understood to mean: buying, building or renovating an apartment/home; buying land on which to build an apartment/home; or repaying the real estate loan on your main residence. Before taking any action, Spuerkeess recommends that you contact the Luxembourg Direct Contributions Administration or a BHW advisor by calling 44 88 44 – 1.

It is a life insurance product destined to finance children’s studies.

LALUX Study Cover enables parents or any other person with a link to a child (e.g. godparents, grandparents) to build up long-term savings for that child, which will be made available to them in the form of quarterly payments, once they begin their studies or start work.

The minimum contract duration is ten years, and the contract must be concluded before the child’s 12th birthday.

If the policyholder dies during the life of the contract, then the insurance is typically continued, since the premium is paid by lalux. The capital therefore remains guaranteed at maturity.

Exception: If the policyholder dies in the first 5 years, the contract is terminated, and the premiums paid by the deceased up to that point are refunded.

Insurance premiums are paid by direct debit and the policyholder may choose between monthly (min. EUR 25) and annual (min. EUR 300) payments. The capital acquired must not exceed EUR 50.000.

Yes. The premiums paid in relation to the LALUX Study Cover life insurance policy are tax-deductible as “Special Expenses” and are grouped with the interest expenses of a consumer loan. The flat-rate deduction is set at EUR 672 per person in the household.

LALUX Safe Cover is for Spuerkeess customers who wish to save regularly over the long term (10 years) while benefiting from death cover and tax deductions at the same time.

Insurance premiums are paid by direct debit, either monthly (min. EUR 50) or annually (min. EUR 600). The amounts are fixed at the beginning of the contract and are generally not modified during the contract.

No, you are not required to undergo a medical check-up.

The technical rate is the contract’s “interest rate”. The insurance guarantees a fixed minimum return for the whole of its duration, following the changes in the technical rate, which is set by the Luxembourg Insurance Commission ("Commissariat aux Assurances").

The insurance premiums paid in relation to the "lalux Safe Cover" life insurance policy are tax-deductible as “Special Expenses” and are grouped with the interest expenses of a consumer loan. The flat-rate deduction is set at EUR 672 per person in the household.

The first "10” represents the capital in the event of death, and the second "10” the capital in the event of survival. Thus, with a 10/10 policy, at the end of the contract, the policyholder shall have as much capital as his beneficiaries would have had in the event of his death before the end of the contract.

Please note: If the policyholder dies in the first 5 years, death benefits are limited to the sum of the premiums paid until then.

There is no minimum duration. You may terminate your Speedinvest at any time at no charge.

If you close your Speedinvest, the funds will simply be transferred to your current account.

Speedinvest is a product with no transaction fees, custody fees, or closing charges.

A management fee of 0,25% per year (excluding VAT) will be withdrawn quarterly. It is applied to the average of your Speedinvest assets for the past quarter.

The charges related to financial instruments (the charges that are withdrawn by the fund over a year) amount to approximately 1%.

With SpeedInvest, you can view your geographic and sector exposure as well as the main underlying positions, at any time. Want to invest more or withdraw funds? No problem. You have full control and decide anytime time how much you want to invest.

S-Invest is Spuerkeess's savings plan that invests your savings in SICAV funds. It functions as a standing payment order from your checking account to your securities account. You can change the frequency and amount of your S-Invest plan at any time, as with all standing orders. What's more, our S-Net web banking solution allows you to easily sign up for and manage your S-Invest plan from the comfort of your own home.

Your S-Invest assets are invested in investment funds managed by Spuerkeess Asset Management: lux|funds. These include equity funds, bond funds, and mixed funds, which you can choose based on your needs and the level of risk you are willing to take.

The tax-deductible amount is limited to €4,500 per year per person. It is not possible to contribute more than this amount to the contract.

When the contract matures, you will receive full repayment of the accumulated capital, plus any returns. This capital repayment under the S-Pension contract is subject to taxation at half the overall rate. For most customers, it is recommended to defer repayment until retirement, as their tax rate will then be lower than at the end of their career.

Yes, provided that you are considered a Luxembourg resident for tax purposes. If more than 90% of your income (or 50% for Belgian residents) is earned in Luxembourg, you are entitled to the same deductions and allowances as any resident taxpayer.

There are no subscription fees, no fees for early withdrawal and no fees upon maturity of the S-Pension contract.

Two options:

Important: The total amount transferred cannot exceed the annual cap of €4,500 per person.

You can terminate your S-Pension contract via S-Net mail.

Early repayment of your S-Pension, before the minimum subscription period of 10 years or before the age of 60, is in general excluded and subject to tax penalties (except in the event of death, invalidity or serious illness).

The tax authorities (Administration des Contributions Directes) will tax the total amount repaid in full at the standard rate (according to the tax scale) together with other income for the year of taxation. Early redemption therefore does not involve retroactive taxation of the tax advantage, but taxation as net miscellaneous income for the year in which the redemption takes place. 

Partial repayment is not possible.

If you have never taken advantage of the tax benefits associated with S-Pension, you can close your S-Pension plan without incurring any tax penalties.

Please let us know how you wish to proceed.

Information on SICAVs and investment funds does not apply to US residents or citizens who are not authorised to subscribe to SICAVs or investment funds on this site, in accordance with the terms and conditions that apply to these instruments and that can be viewed on this site.

S-Net's search engine makes it easier to search for funds. With S-net's search engine, you can quickly find a specific fund on Spuerkeess's list of selected funds.

Search based on the following criteria:

With S-Net, you can place buy and sell orders on stock exchanges in the following countries:

When you approve an order via S-Net, your instructions are definitively submitted to Spuerkeess. Please note that orders, once submitted, are irrevocable and therefore cannot be cancelled.      

The stock exchange order book associated with your S-Net agreement displays all transactions carried out via S-net during the preceding 12-month period, as well as all transactions carried out via other distribution channels.

By default, the order book includes all pending orders for all securities accounts associated with the agreement. You can check the status and progress of all orders as they change status from "preparing order" to "complete", allowing you to keep tabs on the order as it is processed.

If an order is rejected, a secure message indicating the reason for the rejection will be sent to you via the S-Net messaging service as soon as possible.

“Stop” orders can be made via S-net for the following stock exchanges: Amsterdam, Brussels, Lisbon, Paris, Berlin, Düsseldorf, Frankfurt, Hamburg, Munich, Stuttgart, Xetra, Vienna, NYSE & AMEX.

It is an order to sell or buy equities that is activated when the share price reaches a specified value, known as the “Stop” price. The “Stop” price activates the “Stop” order. At that point, it becomes an “At Market” order and is filled at the next possible price, which may be above or below the “Stop” price.