KBC Home & Pension Plan

Start from 10 euros a month
  • Fixed interest rate on the amounts you save
  • Up to 30% tax relief on the amounts saved
  • Choose how much you want to save, this could be as little as 10 euros per month
Want to start saving with a pension plan? Make an appointment

What is the KBC Home & Pension Plan?

The KBC Home & Pension Plan is a (class 21) pension savings insurance plan that allows you to build up a supplementary pension in a tax-efficient manner under the pension savings tax scheme. What's more you can use it to pay for your loan balance insurance if you take out a home loan in the future.

Pension savings insurance can be taken out by any taxpayer aged between 18 and 65. Starting early means that a tidy pension pot can be built up for later.

Interest is guaranteed on the amounts saved until the end of the contract, making it a very safe product. KBC Insurance guarantees paying interest on every net deposit until the contract ends. At present, the rate is 2.00%. 

Planning to build, renovate or buy a home sometime in the future? You can use the capital you've accumulated to pay for loan balance insurance (i.e. mortgage cover life insurance). By saving tax-efficiently beforehand, you also create more financial breathing space for yourself during the period you pay off your home loan. 

What is the return on a KBC Home & Pension Plan?

Guaranteed rate of interest on every deposit

KBC Insurance guarantees the interest rate on every deposit until your contract's expiry date. It currently amounts to 2.00%.

Profit sharing

In addition to the security of a minimum return, an annual profit share is possible. This is not guaranteed and depends on prevailing economic conditions and the results of KBC Insurance.

Information about sustainability

This product promotes environmental and social characteristics that allow contributing to a positive impact on the environment or society, but does not have a sustainable investment as an objective. Moreover, we strive to limit any negative impact on the environment or society based on a responsible investment policy. More information can be found in your info sheet.

This product was awarded the ‘Towards Sustainability’ label for a period of one year. The label, which was developed by Febelfin (the Belgian banking federation), is re-evaluated every year. It is a quality standard under the supervision of the Central Labelling Agency of the Belgian SRI Label (CLA). The standard defines several minimum requirements that sustainable financial products must meet at product level and in the investment process. See www.towardssustainability.be/en/quality-standard for more details. Products that are awarded this label may not meet your own sustainability objectives and the label itself may not necessarily meet the requirements of future national or European regulations. Learn more at www.fsma.be/en/sustainable-finance.

More about KBC Home & Pension Plan

You're in control in deciding how much to pay into the plan and when, tailored to your individual family situation and subject to the maximum allowed under the tax rules. This could be as little as 10 euros per month and 120 euros per year.

Protect your next of kin and take out additional death cover to give them an extra lump sum if you die. The premium for this cover is deducted monthly from your reserve.

The minimum term is 10 years. This pension savings insurance policy expires on your 65th birthday. If you start when you turn 55 or older, you will have to wait 10 years to dip into your pension pot to enjoy the benefit of a favourable tax rate. If you die the capital you accrued is paid to your designated beneficiary. You can always withdraw your savings earlier, but you will be heavily taxed.

In 2024, you have a choice of two maximum amounts eligible for tax relief. Opting to pay in up to 1,310 euros gives you up to 25% tax relief.

If you don’t make a choice, 1,020 euros will be the most you can save for tax relief under your plan and you’ll get up to 30% tax relief. You need to tell us each year if you’re opting to save up to 1,310 euros for tax purposes.

A favourable rate of final tax is deducted on your 60th birthday through the advance levy. If you start pension saving after your 55th birthday, the tax will be levied ten years after the start date of your contract. Remember that tax treatment depends on your individual circumstances and may change in the future.

Management fee None
Entry fees 5% of each deposit
Exit fees 5%, reducing annually by 1% during each of the last five years of the contract.
No surrender charges if you retire at state retirement age or take early retirement or bridging pension.
Want to start saving with a pension plan? Make an appointment

Things you also need to know

  • The KBC Home & Pension Plan is a guaranteed-interest life insurance policy with a guaranteed return, whereby the investment risk is borne by the insurer.
  • More detailed information on this product, the relevant conditions, and the attendant risks can be found in the general conditions and the financial fact sheet. Be sure to read that info before signing. This information is available free of charge from your KBC intermediary.
  • The KBC Home & Pension Plan is covered by the Belgian protection scheme for guaranteed-interest life insurance policies. The scheme is triggered if it is established that KBC Insurance has defaulted. The protection currently amounts to 100 000 euros per policyholder for all reserves combined that are held with KBC Insurance under protected guaranteed-interest life insurance contracts.
  • The KBC Home & Pension Plan is subject to Belgian law.
  • Future tax treatment can change and depends on your individual circumstances. Your intermediary will be glad to give you bespoke advice in this respect.
  • The guaranteed interest rate may change for future deposits. KBC Insurance determines the interest rate applicable to your deposits during the term of the contract, based on the situation on the financial markets and/or changes to the legal requirements. If this interest rate changes, KBC Insurance will notify you of that fact.
  • For detailed information on this product, see the product fact sheet and the financial fact sheet. We recommend that you read this information carefully before buying this product.
  • Your intermediary is your first point of contact for any complaints you may have. If no agreement can be reached, please contact KBC Complaints Management: Brusselsesteenweg 100, 3000 Leuven – E-mail: complaints@kbc.be – Tel.: tel. 016 43 25 94 (free of charge) or + 32 78 15 20 45 (charges apply) – Fax: + 32 16 86 30 38. If you cannot find a suitable solution, you can contact the Belgian insurance industry's ombudsman service: Ombudsman van de Verzekeringen, de Meeûssquare 35, 1000 Brussels – info@ombudsman-insurance.bewww.ombudsman-insurance.be. This does not affect your legal rights.

KBC Home & Pension Plan is a product of KBC Insurance NV – Professor Roger Van Overstraetenplein 2 – 3000 Leuven – Belgium
VAT BE 0403.552.563 – RLP Leuven – IBAN BE43 7300 0420 0601 – BIC KREDBEBB
Company authorised for all classes of insurance under code 0014 (Royal Decree of 4 July 1979; Belgian Official Gazette, 14 July 1979) by the National Bank of Belgium, De Berlaimontlaan 14, 1000 Brussels, Belgium.
Member of the KBC Group.

Read the detailed information on this product

Want to start saving with a pension plan? Make an appointment