Optipension+
Improve your future quality of life by planning for your retirement today. Set up a supplementary pension or retirement capital, while taking advantage of tax benefits(1).
Prepare the future while making the most of tax allowance
It’s possible to reduce your taxable base throughout the year. BGL BNP Paribas can help you find the right savings plan to protect your financial well-being over the long term.
Got a savings plan in mind?
Sign up to our savings solutions today and enjoy tax benefits for the current year.
Tax-deductible products to help you plan for your future
Looking to build up enough savings to retire or finance another project? BGL BNP Paribas has a range of tax-deductible options for you.
With help from one of our advisers, you can personalise each solution so that it’s perfectly suited to your needs.
Discover our solutions!
A savings scheme for retirement
Where savings meet insurance
Optisave+
Protect your and your loved ones’ future with regular savings. Build capital easily with OptiSave+ life insurance and enjoy tax benefits(1).
Save for your real estate project
Wüstenrot
Financing a real estate project in Luxembourg can be an ambitious goal. The Wüstenrot standard savings scheme allows you to start making regular savings towards this, while taking advantage of tax benefits(1).
Good to know: Tax return
Contributions paid into a tax-deductible savings scheme up until the end of December can be included in your tax return for the same year.
These three products include different tax components and can therefore be combined.
Save for your pension with OptiPension+
When you retire, your pension amount is less than your most recent salary.
To offset this loss of income, the state allows you to build additional savings over time by making regular contributions through a pension scheme. The sooner you take out a pension plan, the bigger your eventual pension pot.
One major advantage is that you can deduct the contributions from your tax base, up to EUR 4,500 per person per year(1). By signing up to OptiPension+, you can prepare for the future while reducing your tax base today.
The savings cannot be redeemed until the beneficiary turns 60, after a minimum contractual term of 10 years.
Save for a project with OptiSave+
Lastly, BGL BNP Paribas can help you pay for any other projects with OptiSave+, an insurance policy that helps you grow your savings over the medium or long term. The capital is guaranteed as a living benefit, and in the event of the insured person's death.
Any contributions you pay into an OptiSave+ scheme are tax deductible(1), provided you’ve had the policy for at least 10 years.
Maximum deductible amounts in relation to life insurance:
| Family situation |
Single | Married or in a civil partnership |
| Taxpayer | EUR 672 | EUR 1,344 |
| Taxpayer + 1 child | EUR 1,344 | EUR 2,016 |
| Taxpayer + 2 children | EUR 2,016 | EUR 2,688 |
| Taxpayer + 3 children | EUR 2,688 | EUR 3,360 |
| Per child | + EUR 672 | + EUR 672 |
Save for your new home with Wüstenrot
Planning for the future goes hand in hand with owning your own home. In Luxembourg, the cost of housing has become a serious problem, and many find it hard to get on the property ladder.
The home savings scheme offered by our partner Wüstenrot lets you build up a deposit to buy or build your main residence.
You can also use the scheme to finance any projects for your primary residence:
- redoing the roof, bathroom, windows, paint job, etc;
- repaying the loan used to pay for your personal residence
What’s more contributions you pay into the home savings scheme are tax deductible(1).
Please note: it is the age of the youngest taxpayer in the household that determines the applicable limit!
Maximum deductible amounts in relation to a home savings scheme:
| from 18 to 40 years of age | in other cases | |||
| Family situation | No spouse | with spouse(2) | No spouse | with spouse(2) |
| Taxpayer | EUR 1,344 |
EUR 2,688 |
EUR 672 |
EUR 1,344 |
| Taxpayer + 1 child | EUR 2,688 | EUR 4,032 | EUR 1,344 | EUR 2,016 |
| Taxpayer +2 child | EUR 4,032 | EUR 5,376 | EUR 2,016 | EUR 2,688 |
| Taxpayer +3 child | EUR 5,376 | EUR 6,720 | EUR 2,688 | EUR 3,360 |
| etc (per additionnal child)(3) | + EUR 1,344 | + EUR 1,344 | + EUR 672 | + EUR 672 |
Watch the video to discover all the benefits
Frequently asked questions about tax-deductible products
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How much can I deduct from my tax base when I sign up to a pension savings scheme?Under Luxembourg law, all taxpayers can deduct up to €4,500 in contributions to a pension savings scheme each year.
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How much does a pension or home savings scheme cost?
Fees will vary depending on the type of policy taken out. For OptiPension+ and OptiSave+, subscription fees are 2.5% and administration fees are 1.2% per year. For the Wüstenrot home savings scheme, subscription fees are 1% and administration fees are €15 per year.
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How do I sign up to a savings scheme?
Before signing up to one of our policies, take some time to discuss it with an adviser. By going through all the options together, we’ll be able to provide you with the best possible policy depending on your personal situation and needs.
To sign up to OptiPension+, OptiSave+ or the Wüstenrot home savings scheme, make an appointment at your preferred BGL BNP Paribas branch. During the appointment, we’ll:
- identify your requirements
- draw up a policy proposal and provide you with a hardcopy version
- forward the offer to our partner (Cardif or Wüstenrot), who will prepare the final policy
- the policy is then sent back to the branch, to be signed by you in-person or electronically.
- identify your requirements
(1) Tax treatment varies based on the personal situation of each client and is subject to change.
(2) Partners will be taxed jointly.
(3) The children’s bonus is granted for children for whom the taxpayer obtains a child tax allowance.
See also
