Long-term savings

Alongside you will find the latest updated maximum deductible premium for long-term savings. The premium is tax deductible from net taxable professional income. Unlike pension savings, the policyholder must therefore have professional income on which tax is due. Always ask one of our experts for advice.

The maximum premium that can be paid into long-term savings has, since the 6th state reform, depended on the region where the taxpayer lives

The tax deduction for a premium in long-term savings remains a federal matter if the premium does not relate to a mortgage loan.

The tax deduction for a long-term savings policy linked to a mortgage loan has become a regional matter.

The maximum premium allowed at the individual level is equal to 15% of a first bracket of net taxable professional income (NBBI), increased by 6% of the remainder of the net taxable professional income, subject to an absolute maximum. This is also known as the 15%-6% rule, as explained alongside. The absolute maximum per regime and region can be found in the table alongside.

Tax criteria for deductibility of long-term savings

• The contract is underwritten before the year in which one turns 65.
• The policy must run for at least 10 years.
• The final maturity date falls at the earliest on the 65th birthday. A later date is possible.
• The payment is made to a Belgian institution or one established in the European Economic Area.
• The payment must be made during the taxable year.
• The beneficiary in the event of survival is the policyholder, who is also the insured person.
• The amount paid in may not, in the last 10 years, be higher than in the previous years.

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