Private insurance (Individual policies)

Tax-deductible products (Arts. 111 and 111 b of the Loi de l'Impôt sur le Revenu (LIR, Income Tax Act))

These products are specifically targeted at taxpayers who are resident in the Grand Duchy of Luxembourg or equivalent taxpayers.
 

111 LIR

The insurance premiums paid under a life insurance contract are deductible as special expenses up to a level of € 672 p.a. This ceiling is increased by the same amount for the spouse and each of the dependent children.

For more information, download the product file here.
 

111 b LIR

The premiums paid under an old age pension fund contract are deductible up to a ceiling that changes with the age of the contract signatories (from € 1,500 to € 3,200 p.a.). This ceiling applies to each of the spouses that has signed a contract.

For more information, download the product file here.
 

786

The “786” contract is a guaranteed rate contract of a "Deferred capital with repayment of the fund in the event of death” type, otherwise called a “capitalisation”.

For more information, download the product file here.
 

Reinvestment products

These are products guaranteeing regular income for a period of 8 years with partial or total consumption of the capital invested.