Protection in the event of incapacity for work, disability, and maternity leave
KBC provides additional financial protection in the event that you are unable to work due to illness or an accident, and during maternity leave.
Less tax and social security contributions
The premiums are fully tax-deductible as professional expenses, offering you a tax advantage in the highest income bracket.
A social VSPSS offers you security, as you receive guaranteed interest income on all premiums paid.
Why choose a KBC Life Pension Plan – (Social) VSPSS?
Building a supplementary pension by way of a social VSPSS (social voluntary supplementary pension scheme for the self-employed) gives you maximum protection and tax benefits. The VSPSS is called 'social' because 10% of the contributions you pay in automatically go to a solidarity fund. This gives you and your loved ones extra financial protection in case you become (physically) disabled for work or you are on maternity leave.
The social component is funded by deducting 10% from the contributions paid by you. With a KBC Life Pension Plan – (Social) VSPSS, you get at least four additional types of cover (solidarity cover):
- Funding of your supplementary pension should you become disabled for work due to an illness or accident
- Funding of your supplementary pension should you become physically disabled for work due to an illness or accident
- Funding of your supplementary pensioen and extra compensation in case of maternity leave
- Compensation for loss of income in the form of an annuity should you become physically disabled following an illness or accident
You can find more information in the solidarity cover product fact sheet.
Although the extra cover provided by the social VSPSS is nice, it is still relatively limited. Solid guaranteed income insurance remains an absolute must for anyone who is self-employed.
Up until the time of retirement, the contributions that are paid in generate a return and constitute the final pension capital. Under a KBC Life Pension Plan – VSPSS, the interest earned is currently 1.70% for all deposits and this is guaranteed until the contract is paid out.
If the economic situation and KBC Insurance’s earnings allow, this income from the KBC Life Pension Plan – VSPSS can be supplemented annually with a variable, non-guaranteed profit share
|Legal form||Guaranteed-rate life insurance|
|Payment||Upon legal retirement or upon death prior to retirement|
|Tax-deductible contributions||Annual tax deductible figure of up to 9.40% of the indexed net taxable earned income from three years previously|