What are the advantages of pension savings?

Prepare for tomorrow and benefit from a possible tax advantage now

By opting for a supplement to your statutory pension, you secure your future while benefiting from a possible tax advantage today. Discover the different tax regimes and choose the one that’s right for you.

Why save for your retirement?

Prepare for retirement

Your statutory pension will be around 60% of your last salary. Pension savings is a good way to build up capital that could compensate for this significant drop in income.

Benefit from a possible tax advantage

Subject to certain conditions, you can deduct, a portion of the amount you invest on your pension savings from tax. So you build up capital at an attractive cost.

Why start early?

You can benefit from the tax advantage every year. This tax deduction can accumulate over several years and build up to a significant amount.

Discover what suits your needs

Pension-savings
  • If you save up to 990 euros per year, with tax relief on 30% of that amount.

For example: if you save 990 euros, your tax relief will be 297 euros*. 

  • If you want to save more – up to 1,270 euros per year – with tax relief on 25% of that.

For example: if you save 1,270 euros, your tax advantage will be 317.5 euros*.


*These figures apply to the 2020 income year (tax year 2021). This tax regime applies to a non-professional customer who is a tax resident in Belgium. Taxation depends on your individual situation and may change in the future.

Pension savings fund

Star Fund is a mutual investment fund (of the pension savings fund type) under Belgian law with a variable number of participation rights. It is managed by NN Investment Partners.


Please read the following documents. They are also available in Dutch and French and can be obtained free of charge from your local ING branch.

Discover Star Fund

Pension savings insurance

ING Life Star Plan, developed by NN Insurance Belgium nv, is a branch 21 savings insurance under Belgian law.


Please read the following documents. They are also available in Dutch and French and can be obtained free of charge from your local ING branch.

Discover ING Life Star Plan

Combine two tax regimes

You can combine a long-term savings fund with a pension savings fund or pension savings insurance. However, it is not possible to combine a pension savings fund with pension savings insurance because they belong to the same tax regime.

Long-term savings
  • Save up to 2,390 euros per year with a 30% tax advantage.

For example: if you save 2,390 euros, your tax benefit is 717 euros.


Limitations

Since tax deductions are capped, you may not benefit from the tax advantage of long-term savings. This may be the case, for example, if you have already taken out a mortgage.

The maximum annual premium that is eligible for tax relief depends on your income.

These figures are for the 2020 income year (tax year 2021). This tax regime applies to a non-professional customer who is a tax resident in Belgium. Taxation depends on your individual situation and may change in the future.

Long-term savings insurance

For more information on the ING Life Pension Plan, read the following documents. They are also available in Dutch and French and can be obtained free of charge from your local ING branch.

Discover ING Pension Plan