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# Are all pension contracts deductible in Luxembourg?

**Not all pension contracts are deductible in Luxembourg.**

To benefit from the deduction, the contract must strictly meet the conditions of article 111ter L.I.R. and be designed to provide for retirement.
A similar product taken out abroad is not automatically eligible.

For a foreign product to be deductible, it must :

* be specifically designed to provide for old age within the meaning of article 111bis L.I.R.,
* accept only deductible payments within the conditions and limits set by law,
* be offered by an approved provider authorised to operate in Luxembourg.

The providers referred to in article 111ter L.I.R. must draw up a certificate each year attesting :

that the contract complies with all the legal conditions,
the amount of payments made into the Luxembourg sub-account of a PEPP account during the year.

This obligation applies to :
* providers established in Luxembourg,
* providers authorised in another EU Member State and authorised to operate in Luxembourg,
* provided they are recognised as PEPP providers under Regulation (EU) 2019/1238.