Choose to save and invest with the future in mind
Your financial choices today determine what’s possible tomorrow. Take a closer look at how you save, invest and live, and find out whether it’s still in line with your future plans.
Check out the theme that interests you most:
🌱 Savings
📈 Investments
🏡 Property
Only having your state retirement pension to live on often means having to compromise on your standard of living. Pension saving and long-term saving enable you to build up additional pension income while benefiting from annual tax relief at the same time.
➖ Haven’t started saving for your pension?
It’s best to start pension saving before you turn 54. If you start later, it becomes less interesting from a tax point of view.
✔️ Already started saving for your pension?
- When you’re 54: The amount you deposit determines the maximum amount you can pay into the plan annually from your 55th birthday until you turn 60.
- When you’re 60: The final tax (of 8%) is deducted and you can continue saving tax-efficiently.
- When you’re 64: This is your last year of pension saving (you cannot continue doing it when you turn 65).
➖ Haven’t started saving for the long term?
If you already have a pension savings plan and some financial leeway, or are over 55, you can add a long-term savings plan. You can start saving this way as long as you’re 64 or younger.
Good to know: the tax benefit for long-term saving depends on the date your home loan starts.
✔️ Already started saving for the long term?
- When you’re 54: The amount you deposit determines the maximum amount you can pay into the plan annually for the rest of the term.
- When you’re 60: The final tax (of 10%) is deducted.
- When you’re 64: Right up until just before you turn 65, you can take out a new contract and get tax relief for longer.
Run your own business?
Find out how you can also build up additional retirement income through your business.
If you want to set some additional money aside, investing can be more interesting than a traditional savings product, simply because the low rates of interest on savings accounts cannot keep up with the increasingly expensive cost of living.
Investing aims to achieve higher returns so that your money retains its value or preferably grows. However, it also entails certain risks and costs. As your retirement approaches, it may be wiser to either invest more defensively or switch to investments that pay dividends as a source of additional income.
We’ll be happy to help you work out an approach that’s tailored to your needs. View our range of investment products or make an appointment with one of our experts.
Have assets of more than 250 000 euros (to invest)?
Arrange a meeting with KBC Private Banking. A private banker will then be appointed as your dedicated contact, supported by a team of specialists.
Many people in Belgium have paid off their homes by the time they reach retirement. This property can also serve as a type of financial safety net, meaning that renovating or investing in it could pay off further down the line.
So, don’t just look at the way you live today, think about how you want to live in the future, i.e. somewhere comfortable, affordable and future-proof.
Consider the following:
- Is your home suitable to grow old in, will it require modifications at some stage or do you plan to downsize?
- How much is your current home worth? A smaller but newer property sometimes costs more than a spacious villa built in the 1960s.
- How sustainable is your home right now? An energy-efficient house or flat reduces costs now and increases its resale value later.
- If you rent somewhere, work out if you’ll be able to afford the rent further down the line. Will your pension, savings or investments cover it?
- Consider buying additional property to generate rental income, or buy a ground-floor property for later.
- Have you ever invested in property? If so, check whether you have a nice balance between your property and other investments.
- And plan ahead: what happens to your property when you die?
We’ll be happy to work with you to find the answers. Check out MyHome for a wealth of information on buying, selling, renting, renovating... and more besides!
