Long-term savings insurance

Why take out a long-term savings policy?

There is a good chance that your income after retirement will be a lot lower than the salary you had before. In order not to have to sacrifice the standard of living to which you are accustomed, it’s best to build up pension capital. Long-term savings is one of the options for accruing such capital.

What are long-term savings?

Long-term savings can be created via an individual life insurance policy (Branch 21, Branch 23 or a combination of both). The capital you build up in this way is paid out at the end date of the contract. This is on your 65th birthday at the earliest, but your contract could also continue beyond this date. It’s possible to withdraw your capital before the end date of your savings contract, but taxes and surrender charges may then become due.

What are the tax benefits of long-term savings?

Long-term savings provide a good tax benefit, because you can recover up to 30% of the saved amount through your personal income tax. The amount that you can deduct annually depends on your net taxable professional income, and is limited to a maximum that is determined by law each year.

For whom are long-term savings interesting?

Long-term savings are particularly interesting for individuals who no longer have a home loan, or who took out a home loan after 2015. This has to do with the ‘tax basket’ that contains the tax reductions for mortgage loans and long-term savings. 

Why long-term savings via Van Dessel?

In our role as a broker, we will be happy to advise you on the various options for building up additional pension capital. We will thereby take into account your financial possibilities and your expectations in terms of return, while at the same time providing an interesting solution from a tax point of view. We will also review how you (and your company) can enjoy the maximum tax benefits each year.