From 1 January 2019, the self-employed and the liberal professions, just like employees, will be eligible for the Supplementary Pension Scheme (2nd pillar)
· Doctors, Dentists, Pharmacists, Nurses
· Psychologists, Psychiatrists
· Physiotherapists, Osteopaths,
· Freelancers, Lawyers, Notaries, Bailiffs
· Architects, Real Estate Agents, Accountants
· Craftsmen, Traders, Farmers, Liberal Professions
· Other ...
MyPension Pro allows self-employed and liberal professions to save during your working life while enjoying tax benefits.
It is your guarantee of a reassuring a nest egg at retirement.
Constitution of a supplementary pension capital for the self-employed and liberal professions
Significant fiscal advantages: the premium paid by the Insured that goes into the financing of the Pension Plan is tax-deductible as a Special Expense up to 20% of the annual taxable income. A withholding tax is payable on each premium but, in return, no tax is due upon maturity! A flat-rate tax of 20% instead of, for example, a 42% tax at the marginal rate represents a significant tax relief, and applies to each payment. The total capital you receive when you take your retirement will no longer be subject to income tax in Luxembourg, only the social contribution to fund the care insurance system (currently 1.4%) will remain due and will be deducted upon payment of the retirement benefit.
Additional protection for your family and your income is available as an option offering cover in case of accident, disability or death. The Providence benefits allow your family to maintain its quality of life in case of unforeseen circumstances and, in addition, these premiums are fully deductible
Customisable and flexible solution also during the contract term: choose the options according to your needs: Accident, Disability and Death, and adapt them if your situation evolves. Invest also according to your risk appetite: savings can be 100% secure or more dynamic with AXA funds.
Administrative simplicity: AXA takes care of all administrative and tax formalities, all you have to do is pay your premiums.
Anne is single. She is 30 years old and works as a self-employed lawyer. She would like to save every year for her retirement by taking advantage of the Supplementary Pension Scheme that is now extended to the self-employed and the liberal professions.
Let's see how she saves for her retirement while paying less taxes.
Every year, she is eligible for a substantial tax relief because she can deduct her premium from her taxable income as a Special Expense (max 20% of the income corresponding to her self-employed activity).
Her taxable income is therefore lowered by € 20,000, which also means lower taxes. Her tax gain amounts to € 4166.
AXA takes care of collecting a 20% tax as well as a 0.9% regulatory tax on the insurance premium on behalf of the Tax Administration.
*The flat tax and the regulatory tax are set by law and may vary over time. These amounts are not tax-deductible as special expenses.
How to protect your family and your income as an independent?
Have you anticipated an accident, death or disability forcing you to cut back on your professional activity?
To protect your family in the event of untimely death
Accidental death cover
To protect your family in the event of untimely death caused by an accident
To protect yourself against the consequences of a disability
Providence premiums are fully tax deductible, with no imposed ceiling
You can take out additional cover to allow your family to maintain its quality of life if unexpected circumstances arise and, what’s more, these premiums are tax deductible with no imposed ceiling.