Group insurance – employees
Group insurance is taken out by the employer for the benefit of all employees of the company or part thereof, with the aim of providing them with additional benefits over and above those provided for in the statutory retirement and survivor’s pension.
This can be done via a collective business plan or a sectoral pension system, or both together.
An employer can offer various guarantees such as:
- Accrual of a supplementary pension
- Death benefit
- Temporary incapacity benefit
- A premium exemption (whereby the insurer continues to pay the premiums in the event of temporary incapacity for work)
- Coverage for personal accidents
Setting up and managing a group insurance policy is done in consultation with the employer and employees and is particularly tailor-made.
IPC – managers
For self-employed persons with a company, an IPC (Individual Pension Commitment) can provide for the accrual of a substantial supplementary pension (possibly supplemented by the payment of a fixed amount in the event of death and other guarantees), with significant tax savings.
You build up a supplementary pension within your company, in addition to your statutory pension, but even if you would discontinue or sell your company, the accumulated reserves remain permanently acquired for you.
The premium paid is deductible as a professional expense, insofar as you do not exceed the ‘80% rule’. The maximum amount to be paid and tax-deductible depends on your gross annual remuneration.
PASE – self-employed persons without a company
For self-employed persons without a company, a PASE (Pension Agreement for Self-Employed Persons) can provide for the accrual of a substantial supplementary pension, in addition to your statutory pension.
The premium paid is deductible as a professional expense, insofar as you do not exceed the ‘80% rule’. The maximum amount to be deposited and tax-deductible depends on your income.
FSPSE – all self-employed persons
For the self-employed, a FSPSE (Free Supplementary Pension for the Self-employed) can provide for the accrual of an attractive supplementary pension (possibly supplemented by the payment of a fixed amount in the event of death and other guarantees), with significant tax savings.
You build up a supplementary pension privately, in addition to your statutory pension. The annual contributions are fully deductible as professional expenses. As a result, your net income, and thus also the social contributions, will decrease.
The maximum amount to be paid is determined by law and is adjusted annually.
Pension savings – all self-employed and employees
A contract for pension savings is a savings pot with a tax advantage. This contract can be concluded by wage-earners and by self-employed persons.
You build up a supplementary pension privately, in addition to your statutory pension. The payments you make for this pension entail a tax reduction in personal income tax of up to 30% of the premium.
The maximum amount to be deposited is determined by law and is regularly adjusted.
Guaranteed wage or benefit in the event of incapacity for work
As a self-employed person, protect yourself and your family from the risk of your incapacity for work due to illness or accident.
This insurance provides you with a replacement income in addition to any benefit from your health insurance fund during this period.
