BIL
Pension Pro
Independent freelancers and professionals – don’t let a small pension spoil your retirement
You can maintain your standard of living
when you retire
It’s smart to be concerned about your retirement. In 2019, a new method of securing your financial future has now become available. The supplementary pension system has expanded to include independent freelancers and professionals*.
*If you are a non-resident treated as a resident for tax purposes, contact your Relationship Manager for more details
THANKS TO BIL PENSION PRO, I SAVE FOR MY RETIREMENT, WHILE PAYING LESS TAXES
Advantages
Maximum flexibility
- Choose one of two investment styles (guaranteed rate or fund investment), or split your premium between them. Investing in funds exposes you to a risk of capital loss.
- Plan can end between the ages of 60 and 75.
- Premium can be paid in an annual lump sum or periodically throughout the year.
Retirement protection
- A perfect solution for maintaining your standard of living after retirement.
- An essential building block for a secure future.
Save on taxes in Luxembourg
- Tax deductions of up to 20% of your annual income.
Protection for your family
- Optional extra cover to protect your loved ones, including in the event of death, invalidity or accident.
Would you like to subscribe or obtain more information about BIL Pension Pro?
Contact your Relationship Manager by telephone or via
Secure messaging BILnetWould you like to subscribe or obtain more information about BIL Pension Pro?
Already a BIL client.
Contact your Relationship Manager by telephone or via
Secure messaging BILnetNot yet a BIL client.
Schedule a meeting Call (+352) 4590-5000Discover how to improve your life after retirement
Meet Lucas: Lucas is self-employed. He also wants a comfortable pension that will let him maintain his current lifestyle and do the things he wants when he retires.
Lucas
Lucas has decided to use BIL Pension Pro, and has set an annual premium of €10,000 for 15 years.
A personalised solution
He can choose from two types of investment, or combine them.
Guaranteed rate:his capital is protected and guaranteed.
Investment fund:his capital will change with financial market movements.
He can also add additional cover to protect his family.
Tax benefits in Luxembourg
After-tax premiumsOn his €10,000 he will pay 20% withholding tax plus 0.9% remuneration tax each year, so a total annual payment of €12,090.
Tax benefitsIn turn, he will be able to deduct his €10,000 premium by declaring it as a special expense. Over the entire duration, his plan offers €68,670* in potential tax benefits*.
It depends on the individual taxpayer's situation and is subject to change.
* Using the highest bracket for tax class 1 (annual income > €200,000) with employment fund contribution: 45.78%.
Worry-free retirement
Capital growthBy retirement, Lucas will amass considerable capital that he can use to support his lifestyle.
Tax-free annuitiesHis annuities will be tax-free, except for a 1.4% long-term care contribution applicable to Luxembourg residents.
Would you like to subscribe or obtain more information about BIL Pension Pro?
Contact your Relationship Manager by telephone or via
Secure messaging BILnetWould you like to subscribe or obtain more information about BIL Pension Pro?
Already a BIL client.
Contact your Relationship Manager by telephone or via
Secure messaging BILnetNot yet a BIL client.
Schedule a meeting Call (+352) 4590-5000