LALUX presents its occupational pension scheme for independent directors
As of 1 January 2019, LALUX offers a new solution for independent directors in order to pay less taxes on their income.
The law of 1 August 2018, bearing modification of the modified law of 8 June 1999 regarding occupational pension scheme, has enlarged the scope of occupational pension schemes to free lancers and self employed persons.
This new law comes within the scope of the global pension reform in Luxembourg. Although few elements of this law still need to be clarified, LALUX developed a new registered occupational pension scheme : lalux-Safe Future.
With lalux-Safe Future, directors can freely fix their premium every year, opt either for a more classical investment vehicle with a guaranteed interest rate or a unit-linked medium offering potentially higher returns or a combination of both.
In a nutshell
The retirement premium is tax deductible up to a maximum amount of 20% of the net income resulting from the independent director's activity (special expenses)
An upfront taxation of 20,9% on the premium
The benefits are income tax free for Luxembourgish residents
No minimal duration of the contract required
The premium is freely set every year by the independent director
Besides, LALUX has decided to offer special conditions to ILA members :
Reduction of the entry fees on the retirement premiums
Reduction of the premium for the death and disability covers
Interested? Do not hesitate and contact one of their pension scheme experts or talk to the LALUX agent or BCEE Advisor of your confidence.