What if your insurance could help you to pay less in tax? Find out which insurance products are tax deductible: home, health, accident, pension savings or civil liability. There are solutions to suit every profile, including the self-employed, so that you can maximise your tax savings every year.
Having fun thanks to tax savings? It's possible with tax-deductible insurance products. But which insurances allow you to take advantage of these tax savings?
Here are all the insurances that can be deducted as special expenses:
- Family Civil Liability and Third-Party Liability
if you are a tenant, the rental risk of your housing insurance is also deductible. Insurances for life, disability and death, health insurance, accident insurance and the annual premium of the outstanding balance, that cover your mortages.
If you opted for a single premium to cover your loan, the deductible limit increases. It is min. 6.000€ and can be increased according to your age and number of children belonging to the household.
Then, by subscribing to an old-age pension plan, you save for your retirement while benefiting from tax gains each year. You can deduct op to 4.500€ per tax payer and according to your situation, you can save up to a maximum of 45% of the invested premium.
Do you want to know how much your savings can reduce your taxes? make your simulation on lalux.lu.
Don't forget to complete the supplementary pension scheme that your employer may have put in place. The personal contributions that you add are deductible up to 1.200€ per year, or 100€ per month.
Their primary advanatage?
They offer an immediate tax gain since they directly reduce your taxable income each month.
One last piece of advice for all self-employed and liberal professions : tax-efficient solutions exist especially for you. With them, you can deduct up to 20% of your annual net income.
Do you want to optimize your tax gains with the appropriate insurances? Contact your LALUX agent!