ING's Private Supplementary Pension for the Self-Employed - ING Belgium

Private Supplementary Pension for the Self-Employed: PSPSE

In short In detail

In short Your advantages Tax deductible: you can deduct the premiums paid as business expenses. Lower social security contributions: as the premiums you pay are tax deductible as business expenses, your professional income – which serves as the basis for calculating your future social security contributions – is also lower. Flexibility: you can choose the amount of your premiums and pace of your payments yourself (monthly, quarterly, six-monthly or annually). Guaranteed return: your savings earn a 100% guaranteed return. In addition your net capital is guaranteed. Combine it with other packages: the advantages of a PSPSE can be combined with those of other pension savings schemes to ensure a comfortable capital when you retire! Would you like to find out more? Make a personalised simulation without any commitment to calculate your tax advantages and find out how much you could save on your social security contributions. Find out how much you can save on your social security contributions. Make an appointment now at the ING branch of your choice. Insurer ING Life Belgium SA/nv, an insurance company, approved by the ‘CBFA’ (Banking and Finance Commission) under the code number 2550. Registered office: cours Saint-Michel 70, B-1040 Brussels – Brussels RPM/RPR – VAT BE 0890.270.057 – Phone +32 2 738 56 66 – info-insurance@ing.be – www.ing.be – BIC: BBRUBEBB - Account: 310-0762742-20 (IBAN: BE28 3100 7627 4220). Insurance agent ING Belgium SA/NV, an insurance broker, registered with the ‘CBFA’ (Banking, Finance and Insurance Commission) under the code number 12381A. Registered office: avenue Marnix 24, B-1000 Brussels - Brussels RPM/RPR – VAT BE 0403.200.393 - Phone + 32 2 547 21 11 - info@ing.be – www.ing.be – BIC: BBRUBEBB - Account: 310-9156027-89 (IBAN: BE45 3109 1560 2789).
In detail What is a PSPSE? maximise tax breaks straightaway: you can deduct all the premiums invested as business expenses and, according to your income, recuperate up to 50% of such amount reduce your social security contributions: as your premiums are tax-deductible, the professional income which serves as the basis to calculate your social security contributions will also drop. gradually build up a sound nest egg for your future. Who is it for? Those whose main status is self-employed Those whose supplementary status is self-employed Starter businesspeople Assisting spouses. In concrete terms the amount of your premiums: from a minimum of 50* euros/month to a maximum of 231.75* euros/month. It is possible to pay a premium which is lower than the minimum threshold for the first 3 years of your business (for those starting up) and for assisting spouses. how often you pay: monthly, quarterly, six-monthly or annually. * Amounts for the 2009 tax year and provided your annual premium does not exceed 8.17% of the net income taken into account to calculate your social security contributions. Duration Return Guaranteed annual rate: 2.75% * Allocation of profit sharing (not guaranteed) provided the savings reserve is at least 495 euros. Allocation of super profit sharing (not guaranteed and cannot be combined with standard profit sharing) provided the annual instalments amount to a minimum of 595 euros. * This interest rate is applied to each payment as from 15/01/2010 until further notice. Any future payments are capitalised at the guaranteed interest rate prevailing at the time they are paid into the account of ING Life Belgium SA/nv. Taxation Your premiums are tax deductible as business expenses. You can combine the benefits of a PSPSE with those of other pension top-ups (group insurance, pension funds, etc.). Charges Management fee: none. Entry charges: 6.5 % on each premium paid. Would you like to find out more? Make a personalised simulation without any commitment to calculate your tax benefits and savings on your social security contributions. Make an appointment now at the ING branch of your choice. Consult the technical info sheet. Insurer ING Life Belgium SA/nv, an insurance company, approved by the ‘CBFA’ (Banking and Finance Commission) under the code number 2550. Registered office: cours Saint-Michel 70, B-1040 Brussels – Brussels RPM/RPR – VAT BE 0890.270.057 – Phone +32 2 738 56 66 – info-insurance@ing.be – www.ing.be – BIC: BBRUBEBB - Account: 310-0762742-20 (IBAN: BE28 3100 7627 4220). Insurance agent ING Belgium SA/NV, an insurance broker, registered with the ‘CBFA’ (Banking, Finance and Insurance Commission) under the code number 12381A. Registered office: avenue Marnix 24, B-1000 Brussels - Brussels RPM/RPR – VAT BE 0403.200.393 - Phone + 32 2 547 21 11 - info@ing.be – www.ing.be – BIC: BBRUBEBB - Account: 310-9156027-89 (IBAN: BE45 3109 1560 2789).