What if you meet your future self?

Baloise Pension Plan is a supplementary pension contract that allows you to build up capital or a supplementary pension for your retirement, while enjoying immediate tax benefits.

Baloise Pension Plan is available to:

• Luxembourg residents.
• Non-resident cross-border workers who file a tax return in the Grand Duchy of Luxembourg.

Yes, Baloise Pension Plan is also available to non-resident cross-border workers, provided they file a tax return in Luxembourg.

• Tax deductions on your tax return of up to €3,200 per year.
• Flexibility in the choice of payment at maturity (capital sum or annuity).
• Flexible premium payments to respond to your needs.
• Funds managed in accordance with your risk profile.

Baloise Pension Plan supplementary pension contract allows you to deduct up to €3,200 per year per taxpayer, in accordance with the amended law of 4 December 1967 on income tax (L.I.R.). This deduction applies regardless of your marital status.

The maximum tax-deductible amount is €3,200 per year when you file your tax return, but you can save more per year.

This amount is the same for everyone, regardless of your marital status.

You benefit from flexible premium payments:

• Monthly periodic premiums (min €50).
• Annual periodic premiums (min. €500).

You can revise the amount at any time and make additional payments (min. €100).

Yes, Baloise Pension Plan offers great flexibility. You can reschedule or suspend your payments depending on your financial situation.

Partial surrenders are not possible, as they would cancel out the tax benefit acquired and would therefore result in the taxation of all deductions at the ordinary rate.

A total surrender is also not possible, except in the event of the policyholder’s death or serious disability.

The funds are invested in financial instruments selected according to your investor/risk profile. They might include guaranteed funds, traditional funds or sustainable funds.

You can start drawing on your savings from the age of 60 up to a maximum of 75, provided that the contract has been in force for at least 10 years.

At maturity, you can choose between:

• A single payment (capital sum)
• A monthly life annuity
• One payment in instalments (maximum 3)

You can also combine these 3 methods.

In Luxembourg, the mandatory statutory pension is managed by the CNAP (Caisse Nationale d’Assurance Pension or pension fund in Luxembourg). To evaluate your pension, from the age of 55 you can request a pension estimate from the CNAP.

You can also use the Baloise pension simulator.

There are several ways to prepare for your retirement.

To build up a supplementary pension in Luxembourg, you can take out a pension savings contract to which you can contribute up to €3,200 a year and benefit from tax deductions when you file your tax return.

If your employer has set up a supplementary savings plan for its employees, you can also contribute up to €1,200 a year to complement this plan.

These plans allow you to make regular contributions and offer tax benefits, increasing your income when you retire.