1. Where can I find information on my state retirement pension?
2. How and how much can I save towards my pension?
3. How much are my pension savings worth now?
4. What do I have to do to get tax relief on what I save?
5. Do I have to save every year?
6. Who can get tax relief on pension savings?
7. Can I save for my pension with KBC if I already have a pension plan elsewhere?
8. Am I allowed to have more than one pension savings account?
9. Can I still get tax relief on pension savings I've set aside after the final tax on pension savings has been deducted?
10. What happens to my savings if I die?

The federal government's National Pensions Office website www.mypension.be has full details of your state retirement pension (in Dutch, French or German). Since 2015, employees and the self-employed can find details of their entire career there. Log in using your eID or token you receive from the government to see your personal pension calculation.

The annual amount of pension savings qualifying for tax relief is capped. In 2018, there are two maximum amounts for tax purposes: 1,020 euros and 1,310 euros. If you go for 1,310 euros, you have to tell the bank that that's what you want. Read more about pension saving in 2018.

Pricos Responsible Investing and Pricos Defensive Responsible Investing are pension savings funds¹. By spreading your deposits (like doing so monthly), you buy in at both higher and lower prices. Not only that, but monthly deposits also bring more balance into your budget.

KBC Home & Pension Plan is a pension savings insurance plan². Deposits can be made for as little as 24 euros a month.

If you already have a contract with us and wish to change it, just make an appointment with your branch.

Pricos Responsible Investing and Pricos Defensive Responsible Investing
These pension savings funds invest mainly in shares and bonds. Pricos Responsible Investing has more shares than bonds in portfolio. Pricos Defensive Responsible Investing, on the other hand, has more bonds than shares in portfolio.

The value (price) of each pension savings fund depends on things like the performance of the underlying shares and bonds in which the fund invests. You can get the latest price using our fund finder.

If you'd like to know how much of a pension savings pot you've currently built up, you can see this using KBC Touch by selecting 'Savings & investments' then 'Pension accumulation' under 'Menu'.

KBC Home & Pension Plan
KBC Home & Pension Plan is a pension savings insurance plan featuring a guaranteed rate of interest (class 21 insurance). If the interest rate changes, that only affects deposits as of that date.

You can get the latest value of your KBC Home & Pension Plan under 'Menu' in the 'Savings & investments' section of KBC Touch.

Savings you make towards your pension qualify for tax relief of up to 30%. Each spring, we send you a 281.60 certificate showing what you paid in over the previous calendar year. This is the amount you report in your tax return.

You're not obliged to make a deposit every year. If there's a year when you're unable to save towards your retirement, that's not a problem and you can simply continue saving the year after that.

However, be careful when you approach your 55th birthday. Since the final tax for your pension savings account is usually deducted in the year you turn 60, you are advised to increase the amount you save annually to the maximum (i.e. 940 euros for 2016 and 2017) by no later than the year you turn 54. This ensures that the best moment for deducting this tax is not postponed until later. Plus, you are automatically included in any future indexation and you qualify for the maximum amount of tax relief.

Anyone aged 18 and over and under 65 who pays tax in Belgium can get tax relief on pension savings.

 If during one or more years you don't have to pay tax, you cannot get tax relief on pension savings during that time. This is often the case with people on a very low income or replacement income.

• Either you keep your current pension savings plan with the other financial institution or insurance company and start a new one with us…
  …or
• you transfer your pension savings to a plan with us. Transferring your current pension savings from one fund to another or from one pension savings insurance plan to another is tax free if you transfer all your savings.
  

• If you have a pension savings fund with another company, you could transfer all your savings there to a pension savings fund with us. If you do this, your savings are reinvested in the pension savings fund you choose with us (Pricos Responsible Investing or Pricos Defensive Responsible Investing). We don't charge you entry charges for pension savings you transfer to a scheme with us. Entry charges only apply to new deposits you make.
• If you have a pension savings insurance plan with another company, you can transfer the full reserve under that plan to a KBC Home & Pension Plan free of charge.
  

• You can only open one pension savings account or take out one pension savings insurance plan per calendar year. If you already have a contract from previous years, you can also start a new one. Remember that your tax return can only include deposits you make into one pension savings account or pension savings insurance plan.
• Switching from a pension savings fund to a pension savings insurance plan or vice versa is treated as stopping early with pension savings, which is heavily taxed. If you have pension savings elsewhere and would like to start saving for your retirement with us, it's better to leave your other savings where they are and start another contract with us.C

You're allowed to have several pension savings accounts or pension savings insurance plans with several different companies, though you can only open one account or plan per calendar year.

You can also only include deposits you make into one pension savings account or pension savings insurance plan in your tax return per calendar year. If you've made deposits into several pension savings funds or insurance plans, you choose which deposit or deposits to include in your tax return.

Yes. Once you reach 60 and the one-off final tax has been deducted, you can continue saving until the year in which you turn 64. You will still get tax relief on deposits made after your 60th birthday, but you don't have to pay any final tax any more.

The pension savings account you opened as part of your Pricos Responsible Investing or Pricos Defensive Responsible Investing pension savings plan will be closed. Once your estate has been settled, your net capital (after deduction of the final tax) will be paid out to your heirs.

Your KBC Home & Pension Plan pays out to the beneficiary specified in your contract, who pays the final tax.