Retirement plan for self-employed professionals

Since 1 January 2019, the supplementary pension scheme has been available to self-employed professionals living in Luxembourg.

Through a life insurance policy, it’s now possible to build up supplementary pension savings while taking advantage of tax benefits.

What is OptiLib?

OptiLib is a pension savings scheme for self-employed professionals and freelancers.

The purpose of OptiLib is to build up retirement savings to supplement the state pension.

The savings accrued are paid as a lump sum on maturity. In addition to the pension component, the scheme also offers a range of additional optional cover (death, disability, accident).

What are the benefits of OptiLib?

• you prepare for retirement: at the end of the policy, the capital will usually be exempt from income tax;
• you enjoy tax benefits by cutting your costs;
• protect your loved ones: in the event of death, any money you’ve invested is passed on to your assigned beneficiaries;
• attractive returns (2.5% gross in 2017) thanks to our General Fund.

Retirement investing for self-employed professionals : how do I sign up?

• you set the amount you’re capable of investing each year in advance;
  
• you divide the amount invested between life insurance and retirement savings;
• you determine how often you make payments;
• every year, you choose the type of funds you want to invest in, according to your risk profile;
• you define the risks you want to cover: death, invalidity, accident.

Who is eligible for an OptiLib policy?

OptiLib is designed for self-employed professionals, as well as members of the Luxembourg Chambers of Commerce, Agriculture or Trade.

You must also:

• live in Luxembourg;
• be covered by Luxembourg social security.

Tip

Individuals can also obtain tax deductions! Fully protect yourself and your loved ones with other life insurance solutions. They are tax-deductible and also help you lower your tax bill.