AXA Pension Agreement for the Self-Employed (PASE)
With the new pension agreement for the self-employed (PASE), you save for an even higher pension in a tax-advantageous way. Perhaps you've already taken out a private supplementary pension for the self-employed (PSPSE)? If so, you've made a good choice! You've already been able to build up a decent lump sum, even though this is limited by the maximum annual deposit. That's why, thanks to the PASE, you can now build up an even higher pension in a tax-friendly manner.
Deposits benefit from a tax reduction of 30%, insofar as the 80% rule is respected.
Payout at an advantageous rate
The final lump sum will be taxed at an advantageous rate of 10%, excluding municipal tax and extra-fiscal deductions.
Cumulative with PSPSE
A PASE is ideal in combination with a private supplementary pension for the self-employed.
Just like the private supplementary pension for the self-employed (PSPSE), it is a tax-friendly solution for building up your pension. With the PSPSE on its own, you've been able to build up a decent lump sum, even though this is limited by the maximum annual deposit of €3,187.04 in 2018 (€3,666.85 for social agreements).
Is this maximum amount too low for you? If so, the pension agreement for the self-employed (PASE) offers a solution by increasing your supplementary (and therefore your total) pension, allowing you to build up a nest egg for your retirement.
This only applies for the self-employed, co-working spouses or the self-employed without a company. For the self-employed with a company, there is also a solution: the individual pension supplement (IPS).
You can save for your pension in three ways, choosing between the following:
- Guaranteed annual variable interest rate and a possible profit sharing via tak 21 life insurance (secure part). Your deposits are invested in a fund that primarily invests in long-term Belgian government bonds (OLOs).
- A potentially higher return over the long term via one or more tak 23 investment funds (invest part). The return on such a tak 23 (invest part) is not guaranteed and depends on the performance of the funds to which the life insurance is linked. The managers constantly check to see whether they can improve the composition of the portfolio, trying to make your return as high as possible.
- A mixed plan which combines tak 21 and tak 23
The term of the contract is a minimum of five years. It ends when you retire.
For your next of kin in the event of your death
If you were to pass away unexpectedly, your next of kin would undoubtedly face emotionally difficult times. Difficulties that would only be compounded by financial worries. For the loss of a loved one often goes hand in hand with a loss of income.
This cover offers you the added peace of mind that your next of kin will receive a sum on your death that will help them get through those difficult first few years.
Contact your ING banker to calculate how much capital you should insure.
Would you like to know more? Read Conditions générales Pension Plan Pro PASE (PDF - FR) .
With this extra cover, you are protected against loss of income in the event you become unfit for work due to illness or accident. In addition to any social security benefits, you will be paid an annuity to compensate you and your loved ones for the loss of your income. The amount depends on the level of your incapacity. So, you can continue to pay into your pension savings plan in the meantime.
The risk of becoming unfit for work varies for each profession. That is why we offer cover that is suited to your budget and your desired level of cover.
Contact your ING banker to calculate the annuity.
Would you like to know more? Read Conditions générales Pension Plan Pro PASE(PDF - FR).
Contact ING Complaint Management by post to Cours Saint-Michel / Sint-Michielswarande 60, 1040 Brussels, by calling +32 2 547 61 02 or via e-mail to firstname.lastname@example.org.
If you have already been in contact with ING, you can also contact the ombudsman for banking disputes: Ombudsfin, North Gate II. Boulevard du Roi Albert II / Koning Albert II-laan 8. 1000 Brussels, by calling +32 2 545 77 70 or via e-mail to email@example.com.