VSPSS (Voluntary Supplementary Pension Scheme for the Self-Employed)

KBC Life Pension Plan – VSPSS

VSPSS (Voluntary Supplementary Pension Scheme for the Self-Employed)

KBC Life Pension Plan – VSPSS

Extra pension capital for your retirement

To continue your current standard of living during retirement, we would advise you to start saving for supplementary pension as soon as possible.

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.

Guaranteed return

A VSPSS offers you security, as you receive guaranteed interest income on all premiums paid.

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Premiums for VSPSS remain tax deductible in 2020
You can still deduct the premiums for your standard or social voluntary supplementary pension scheme for the self-employed (VSPSS) from your taxes this year, even if you had to take a social security payment holiday for one or more quarters due to the coronavirus crisis.

What is a VSPSS?


A VSPSS, or Voluntary Supplementary Pension Scheme for the Self-Employed, is the most tax-advantageous way for the self-employed to accumulate supplementary pension. A VSPSS helps you increase your purchasing power during your retirement years.

The KBC Life Pension Plan – VSPSS also offers you a sufficient degree of security thanks to a guaranteed return, which can be further supplemented with a variable profit share. Not convinced yet? Then bear in mind that a voluntary supplementary pension will already get you a nice bit of tax relief now, and you’ll later pay only a small tax charge on the capital you accumulate.

Pay less tax: enter your contact details

The benefits of a 'regular' VSPSS

Lower social security contributions and tax

  • The contributions paid are fully deductible as business expenses. Each year, you can pay up to 8.17% of your income from three years previously into the VSPSS, enabling you to enjoy tax savings in your highest income tax band
  • The tax relief gives you lower taxable income and this also reduces the social security contributions you're liable for.
  • When the VSPSS is paid out, you benefit from a favourable final tax charge on the capital you’ve accumulated. Thus, the capital (including the profit share) is subject to a charge of 3.55% for national health and disability insurance (NIHDI) purposes plus a solidarity contribution of a maximum of 2%.The capital sum accumulated by way of profit sharing is not taxed further. The other portion of the payout qualifies for spread taxation as earned income according to the system of notional interest.
  • There is absolutely no premium tax due.

Give your loved ones extra protection for by adding death cover

You can incorporate additional death cover into your KBC Life Pension Plan – VSPSS contract, protecting your loved ones. If you should die early, they receive the contract capital sum.

Maximise your tax benefits every year in KBC Touch

If you want to optimise your Life Pension Plan (VSPSS), you no longer need to ask your accountant or insurance intermediary to do this for you. You can do it easily yourself in KBC Touch.

Secure pension saving plan: guaranteed earnings

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 0.50% for all deposits and this is guaranteed until the contract’s expiry date.

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.

Receive guaranteed interest income

What a VSPSS costs you

With a KBC Life Pension Plan – VSPSS, you only pay entry charges: there are no management fees. You also pay no exit charges when you take your state pension. You can find the entry charges on the KBC Life Pension Plan – VSPSS product fact sheet.

Features of a Life Pension Plan – VSPSS

Legal form Guaranteed-rate life insurance
VSPSS payout Upon legal retirement or upon death prior to retirement
Tax relief on VSPSS premiums Annual tax deductible figure of up to 8.17% of the indexed net taxable earned income from three years previously

If you prefer a social VSPSS, you can deduct 15% more than with a ‘standard’ VSPSS and you benefit from better protection, including in the event of incapacity for work, disability, and maternity leave.


If you are interested in a VSPSS or would like to know how to combine it with an individual pension scheme, a pension agreement for the self-employed or any other supplementary pension savings scheme, please enter your contact details and we will contact you as soon as possible for a no-obligation consultation.

Interested in discussing tax optimisation with us?

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