The future starts now

What standard of living can I expect when I retire?

Does retirement still feel like a distant idea? That’s normal! It’s quite hard to see 20, 30 or 40 years into the future and imagine how our lives will be after a fruitful career.

Yet thinking about your pension when you’re still a young worker makes sense. When you leave the world of work, income falls and your standard of living is lower. Plus, pension schemes are flagging across Europe due to the continent’s ageing population.

Eventually, the pension system as we know it in Luxembourg may not be as generous as it is today. So it’s important to start thinking as soon as possible and to put money aside for when you grow old.

Consider a retirement plan

It’s obvious! The sooner you take out a pension plan, the bigger your pension pot after you turn 60.

With the OptiPension⁺ pension scheme from Cardif Lux Vie, you build your savings over time through regular contributions. This means you save at your own steady pace.

This savings option is very flexible, since you can choose your investment profile and strategy, but also the amount and frequency of your contributions.

Enjoy tax benefits

To encourage people to start planning early, the Luxembourg government actively supports individuals who sign up to a pension savings scheme by offering tax breaks up to a certain limit ⁽¹ .

At present, you can deduct the contributions from your tax base, within the limit of EUR 3,200 per person per year. If you live as a couple, you can claim an allowance of EUR 6,400 on your tax return.

Did you know

Don’t wait until January to sign up to a pension savings scheme. Contributions paid up to 31 December are included in your tax return for the same year ⁽¹⁾. Don’t miss out!

Check out other savings packages

Of course, there are other possibilities when it comes to planning for the future and securing your financial well-being. Your savings can be used for contingencies, or to buy property. Consider investing in your future home right away with a home savings scheme, for example.

You can also protect your loved ones while planning for the future with a life insurance policy, which lets you save regularly, taking your circumstances into account.
As well as actively saving for your future, you can claim allowances on your tax return(1).

Either way, start saving now to secure your future!
BGL BNP Paribas lets you customise all of your savings plans according to your goals, needs and convictions.

Watch the video to discover all the benefits