Life and family

AXA Individual Pension Commitment

Pension plan through your company

As a self-employed company director, you can save for an attractive pension plan with the Individual Pension Commitment. The premiums for your pension plan are paid by your company and may be tax deductible under certain conditions.

  • Less tax

    Under certain conditions, premiums paid are fully tax deductible.

  • Package tailored to your needs

    Either you choose the premium amount or you determine the capital you are aiming for, and the premiums will be calculated accordingly.

  • Flexibility

    You can change the terms of the policy at any time.

  • Can be combined

    This policy can be taken out at the same time as other professional savings plans (such as PSPS, group insurance, etc.).

  • Supplementary pension capital

    You can build yourself a good capital to supplement your pension.

  • Extra-legal benefits

    Under certain conditions, premiums are paid by the company and are not taxed as benefits in kind in your personal income.

  • Advance payment option

    Under the ‘crest’ and ‘secure’ formulas, you can take up part of your capital at any time for the purchase or renovation of a residential property within the euro zone.

The Individual Pension Commitment is a pension plan that lets you build up capital to supplement your pension. The premiums are paid through your company.

  • Anyone who is a resident of Belgium for tax purposes.
  • Self-employed business owners who have a formal mandate within the company (manager, director, etc.) and are paid monthly.
  • Self-employed people working in a company with a managerial role, but who do not have an employment contract and are paid monthly.

When you take out a policy, you can choose:

  • Either to determine the premium amounts (minimum of 50 euros/month) on the basis of which your capital will be built up.
  • Or to choose the desired end capital, in which case, premiums will be calculated accordingly. Premiums must be paid exclusively by your company. You can change the premium amount and cover provided at any time depending on how your company develops. When you retire, you will receive the capital directly.

The minimum contract term is 5 years. It automatically ends when you retire.

There are 3 ways you can save for your retirement. You can choose from the following:

 

  • A guaranteed interest rate of node=/RATES/IBPP/GEW_RENTE;replace=html%* or a potential return under the branch 21 life insurance "Stars for life secure". Your cash deposits are invested passively in a fund that tracks the performance of a bond index as closely as possible.
  • A potentially higher return in the long term under the branch 21 life insurance "Stars for life crest". The return is not guaranteed and depends on the performance of the fund to which the life insurance is linked. This fund actively invests in bonds. This means that the managers are constantly seeking to improve the composition of the portfolio to maximise your return.
  • Investing in various funds under the branch 23 investment-linked insurance "Stars for life growth". For more information about this option, please contact your ING banker.

 

* A guaranteed interest rate applies to every cash deposit made from 10/01/2016 until this interest rate is changed. Any future cash deposits are capitalised at the guaranteed interest rate in effect at the time of transferring the funds to AXA Belgium SA/nv.

Under certain conditions, premiums paid are fully tax deductible as business expenses for your company. In addition, they are not taxed as benefits in kind on your personal income as long as you receive regular income and your overall pension (the sum of your state and supplementary pensions) does not exceed 80% of your last gross income.

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 and the corresponding annuity.

Would you like to know more? Read the General Terms and Conditions for financial protection in the event of death (PDF in French).

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 how much capital you should insure and the corresponding annuity.

Would you like to know more? Read the General Terms and Conditions for financial protection in the event of incapacity for work (PDF).

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 complaints@ing.be.

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 ombudsman@ombudsfin.be.