Home savings scheme

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Private pension plan

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• What is life insurance?

  Life insurance is a contract between an individual and an insurance company, under which the individual pays regular premiums in exchange for a financial payout to the named beneficiaries upon their death. The policyholder can designate one or more beneficiaries (for example their children and/or spouse). The aim of life insurance is to provide financial protection for the insured person’s dependants, by guaranteeing them a source of income if the insured person dies. Life insurance can alsoFew readers

• Do the optimisation tips apply to my current tax return?

  No, the optimisation amounts suggested are based on the tax return you have already created on taxx.lu. As the tax year is over, it is no longer possible to add new expenses or deductions for this period. In other words, these optimisations cannot reduce your tax already calculated for the past year. These amounts are intended to give you an idea of what you could have saved if you had applied certain tax optimisations during the year. However, you can use these tips for future tax years. If yFew readers

• What is a home savings contract?

  The purpose of a home savings contract is to build up capital to help you finance the acquisition, renovation or loan repayment of your home. Payments into a home savings contract are deductible on your tax return, so you can reduce your tax burden considerably. Would you like to take out a home savings contract ? Just follow this link : Home saving planFew readers

• What is a private pension contract (111bis/111ter)?

  A 111bis retirement savings plan is a savings product designed to help you prepare for retirement while enjoying tax benefits. Contributions are deductible from taxable income within certain limits, which reduces the amount of tax you have to pay. Retirement savings are an investment whose capital becomes accessible from age 60, designed to supplement their income during retirement. There are two options: Performance: savings are invested in a selection of investment funds, offering higher pSome readers