Pension
POZ
Do you work as a self-employed person or professional without a company? Then, on top of your VAPZ (the free supplementary pension for the self-employed), you can build up extra pension capital through a POZ (the pension agreement for the self-employed without a company).
- Who we help
- Self-employed people with a sole proprietorship and professionals without a company.
- The tax benefit
- Tax-efficient, though the benefit is smaller than with a VAPZ.
What is a POZ?
Are you a self-employed person without a company or a professional? With the POZ, on top of your VAPZ, you can build up extra pension capital in a tax-efficient way. Self-employed people without a company or professionals can build up supplementary pension capital on top of the VAPZ in a tax-efficient way. The agreement can also provide for a payout on death before retirement age. Most companies offer additional covers (often disability). It is the least tax-friendly of the second-pillar vehicles, but the only option for higher pension capital with a tax benefit as a self-employed person without a company. The maximum premium is calculated annually according to the 80% rule, based on the average net professional income of the last 3 years.
Target group
Self-employed people without a company, professionals, assisting spouses, self-employed helpers, and self-employed people in a secondary occupation (at least 3 years active for the last two categories). Social contributions must be in order; an income condition applies.
Branch 21 or Branch 23
Possible in either, or a combination ('Branch 44' in the trade, which does not legally exist).
Taxation of the payout
Capital taxed at 10% at retirement age, after the solidarity contribution (2%) and RIZIV (the national health and disability insurance institute) contribution (3.55%). The net tax benefit is around 10%, less than a VAPZ or pension savings. Our advice: first take out a VAPZ and pension savings, then supplement with a POZ.
Does this fit your situation?
You will get an honest answer, even if that answer is "no".
Disclaimer: Life Experts provides insurance solutions for self-employed directors, liberal professions, SMEs and large companies. You will find the basic information for each type of solution on this website. With the product descriptions and the product overview on this website, we do not aim to follow a tax or legal classification, but a pragmatic and practical one. A turnover insurance, for instance, is fiscally a company-director insurance. And a death cover or a disability insurance can be taken out within the tax regimes of IPT, VAPZ, POZ, long-term saving, pension saving, and so on.