Individual pension

What are they?

Individual pensions are pensions that people accrue for themselves with fiscal incentives. This form of saving is called the ‘third pillar’ of pensions.

How do they work?

Individual pensions are accrued through pension savings plans or long-term savings plans. You can save for your pension through a pension savings insurance plan with an insurance company or a pension savings fund with a bank. Long-term savings plans go through an individual life insurance policy.

What rules apply?

The government determines the level of tax benefits on an annual basis. Only those who save for at least 10 years are eligible for these benefits.

What is the FSMA’s role?

The FSMA supervises the operation of pension savings funds and also supervises compliance with the insurance legislation as regards individual life insurance.

Where can you get more information?

You can find more information on individual pensions on (French - Dutch) and on the website of the FPS Finances (French - Dutch).