Employees in Luxembourg are usually aware that the pension system is based on the so-called Three Pillars.
The 1st pillar is made up of public pensions, paid by the Caisse Nationale d'Assurance Pension (CNAP). It is financed by the social contributions levied on all salaries, as well as by all employers and the State.
The 2nd pillar is optional and depends on whether employers have put a voluntary contribution system in place as part of their employee benefits scheme for their staff.
The 3rd pillar is made of personal voluntary contributions. Everybody can decide to invest his/her money, for example in a pension savings plan, some of whom are deductible in accordance with article L.I.R. 111bis.
As you may guessed, iPension is only about 1st Pillar.
iPension is intended for employees in Luxembourg who have started their career either in Luxembourg, France, Germany or Belgium. In only a few seconds, they can obtain a realistic simulation of the pension that the Luxembourg CNAP will pay them.
Schedule an appointment with one of our retirement savings experts who will review your situation personally.
The results displayed are generated by a simplified simulation tool, designed to provide the prospective policyholder with an estimate based exclusively on the information they have entered, in relation to the pension contract(s) they are considering subscribing to with BALOISE ASSURANCES LUXEMBOURG S.A.
This simulation does not take into account the prospective policyholder's overall personal and financial situation. The figures presented therefore reflect only a partial assessment and should not be considered a complete or definitive analysis.
The sole purpose of this tool is to provide a preliminary indication of the potential tax impact of subscribing to such a contract, based on the tax regulations in force as of 01.01.2025.
The amounts obtained are provided for indicative purposes only and cannot be guaranteed as accurate. They do not take into account the tax rules that will apply at the actual maturity of the contract, which may change over time.
It is strongly recommended to consult a qualified tax professional in order to obtain a personalized analysis, taking into account the prospective policyholder's full situation and current regulatory developments. This simulation cannot replace such professional advice.
BALOISE ASSURANCES LUXEMBOURG S.A. accepts no liability regarding the use of this tool and disclaims any responsibility for direct or indirect damages resulting from its use.
Finally, the results of this simulation do not constitute, in any way, a recommendation or incentive to enter into a pension product. The prospective policyholder remains entirely free to decide whether or not to subscribe to a contract with BALOISE ASSURANCES LUXEMBOURG S.A.