Legal retirement pension

• How do I declare a pension from abroad?

  If you received income from abroad, you must : Tick "I received a pension/annuity" and "I received income from abroad" in the "Tax situation" form, then save. Add your income in the "Pensions and Annuities" form and the source of the income. This income will not be taxed a second time, but it will be taken intoFew readers

• Where can I declare my Luxembourgish pension?

  To indicate a Luxembourg pension, please click on the ‘Tax situation’ category and tick the following box: Once you have ticked the relevant box and saved it, a new category called ‘Pensions and annuities’ will appear. There, you'll be able to import your annual pension certificate and all other relevant data to this topic. Note that « Monthly rent from a private pension plan » and « Pension arreaFew readers

Supplementary pension plan

• Where can I find the deductible amount for my extra retirement savings?

  You can find the deductible amount on your annual salary certificate. As you can see in this example, the deductible amount can be found on line 21 next to the description "LRCP".Few readers

• What is the maximum deduction for my extra retirement savings?

  The maximum deduction is €1,200 per year per taxpayer. Extra retirement savings are also called: RCP LRCP Corporate pension scheme Company pension savings plan Régime complémentaire de pensionFew readers

Old-age pension income

• Where should I indicate the capital received from a private pension plan?

  In the “Tax situation” category, under the “Other revenues” section, tick “I received miscellaneous income” and save. Then you will be able to see the “Miscellaneous income” category. Here, you can indicate the capital received from an old-age pension contract.Few readers

• Where should I indicate the monthly pension, I receive from a private pension plan?

  In the “Tax situation” category, under the “Current situations” section, tick “I received a pension / annuity” and save. Then you will be able to see the “Pensions an annuities” category. Here, you can indicate the monthly rent from an private pension plan.Few readers

• How are repayments made on the normal maturity date of a old-age pension contract taxed?

  At the normal maturity of a contract (provided that all the conditions of article 111bis or 111ter L.I.R. are met, in particular a minimum duration of 10 years and an age between 60 and 75), the benefits may be repaid in the form of capital, annual withdrawals or a life annuity. The capital and annual withdrawals are treated as miscellaneous income and taxed at half the overall rate applicable to the taxpayer. Life annuities are taxed at 50%, the other half being exempt, with the normal rate beFew readers

• What is the tax treatment of early redemption of a pension contract before the age of 60 or before the age of 10?

  Total or partial early redemption of a pension contract before the age of 60 or before 10 years of the contract, except in the case of serious illness or disability, is subject to full taxation at the standard rate of income tax as miscellaneous income.Few readers

• What are the different types of pension insurance pillar?

  In Luxembourg, there are 3 pillars of pension insurance: 1st pillar: Mandatory social security systemFew readers