Pension savings plans
- Setting up a Pricos pension savings plan
- Topping up your Pricos pension savings plan
- Topping up your KBC Life Home Plan, KBC Home & Pension Plan or KBC Home & Long-Term Plan
Already have a savings account with us?
If so, open 'Investments'. Under your 'Current assets', tap 'Savings' to see a plus sign that lets you open a ‘New savings account’.
Alternatively, open 'Payments' to see your accounts and tap the
plus sign next to 'Savings accounts' to open a new one.
Don’t have a savings account with us?
Tap 'Investments' in the menu and then 'I want to save'.
Alternatively, open 'Offer' then go to 'Savings and investments'
and tap 'Open a savings account'.
KBC Mobile lets you open a KBC Savings Account for yourself, yourself and your partner (provided they're known to us) or any of your children (again, if they're on file with us). You can also open a KBC Tall Oaks Savings Account for your child, grandchild or baby on the way (during pregnancy or adoption).
Marriage partners and legal cohabitants.
Once your savings account has been opened, we’ll message you as soon
as possible to confirm this. Tap ‘Communication’ in
KBC Mobile or ‘Messages’ in KBC Touch and
KBC Invest to see this message,
which does not contain any legal information or product features. If you wish to save that information, download the respective PDF files and save them on your device.
If you want to use this service, we need your personal security details from the bank concerned. That may be in breach of their general terms and conditions.
We store your personal security data from them separately from your KBC security and customer data.
While we do our utmost to guarantee the security of your data and
only the use permitted by you, this service is more susceptible to
fraud. That may mean that the bank in question won’t reimburse you in
the event of fraud or malpractice.
Yes. You can add savings accounts with other banks to KBC Mobile This feature is only available in KBC Mobile (not in KBC Touch). Tap the green plus sign, log in to your other bank and follow the instructions to add your account. You can also delete accounts you’ve added.
We need your consent to connect to a savings account you hold at another bank. You give us your permission to do so using KBC Mobile. We then have permanent access to your login credentials and the data needed to show your savings account and its transactions in our app. We store these personal details from your other bank separately from your KBC security and customer data.
Although KBC takes the necessary steps to guarantee the security of your data and the use permitted by you, this service is more susceptible to fraud. It is therefore possible that the bank in question will not reimburse you in the event of fraud or abuse.
A KBC Savings Account can be closed quickly and easily under
your account's 'Settings' tab. This applies to savings accounts you,
you and your spouse or you and your children hold. You can also close
savings accounts over which you have power of attorney.
Tap ‘Offer' to open a Pricos pension savings plan in just a few steps. If you’d like a bit more advice, opt for ‘Mobile investing with advice’ to get suggestions that fit you.
If you already have a tax-friendly insurance product, you won't be
able to set up a Pricos pension plan.
You must be aged between 18 and 65 to set up a Pricos
pension plan, and you must have a permanent address outside the
You can only open a Pricos pension savings plan for
The tax benefit is only available to people who earn a sufficient amount of taxable income in Belgium.
Since 2018, you’ve been able to choose between two maximum
tax-deductible amounts you can save under a pension savings plan. One
gives you a tax benefit of 25%, the other 30%, depending on the amount
When you open a pension savings plan with us, the lower of the two capped amounts you can save for tax relief is chosen for you by default.
Your pension savings account appears in your assets view once you’ve paid into your plan for the first time. Tap ‘Top up’ to change the amount you want to save.
It’s automatically set to the lowest amount for tax relief at the
start of a new tax year, so you need tell us your choice every
With a pension savings plan, you invest a fixed amount by standing order in a fund every month. You only pay usual charges for the fund. See the relevant product information for more details of what you pay.
Every time you pay into your plan, you pay entry charges. There are also annual management fees to pay, as the fund invests in shares and bonds, which need to be actively monitored.
That said, there is a final tax charge, on top of the attractive tax relief and potentially high returns. The tax is generally payable on your 60th birthday. If you start saving after turning 55, the tax charge is due after ten years.
Note, however, that tax treatment will depend on your individual
circumstances and can change in the future. For further details,
including on the final tax charge, contact your KBC branch.
No, KBC Mobile only lets you pay into a
Pricos by standing order.
You can't open more than one Pricos pension savings
Once your plan has been opened, we’ll message you as soon as possible to confirm this. Tap ‘Communication’ in KBC Mobile or ‘Messages’ in KBC Touch and KBC Invest to see this message,
which does not contain any legal information or product features. If
you wish to save that information, download the PDF files and save
them on your device.
You can always sell or take your pension savings earlier, but you’ll be heavily taxed.
If you want to save more or less, or cancel your monthly investment
order temporarily or entirely, we'll be happy to help you. Call or
chat with KBC Live or make an appointment at your branch.
When you've paid the maximum tax-deductible amount into your pension
savings account, your Pricos account will be marked with a 'Fully
paid' label in your account view. If you tap this label, a screen will
appear showing what you've already paid and still have left to pay
into your plan and what this year's maximum tax-deductible amount is.
This screen will also be marked with a 'Fully paid' label when you've
deposited the entire amount qualifying you for the full tax
Yes. Just tap your account to view its details and pay into your
plan. The amount to be deposited is the total amount needed to top up
your plan to get the full tax relief. You can change that amount, but
no higher than the tax-deductible ceiling.
No. You can only see it once your first deposit has been processed,
which takes two to three working days. Bear that in mind if you set up
a plan at the end of the year.
It takes two to three banking days to process a pension savings plan
deposit, so you won't be able to make a second deposit quickly after
making a first one. Once your previous deposit has been processed, you
can make another one.
that if you've opted for the 1,270 euros cap, you'll need to deposit the amount required to reach the cap in one go using KBC Mobile. Then you'll be sure to obtain the most tax relief.
Example: you've been depositing 80 euros per month to your pension savings account by standing order (or 990 euros annualised). By October, you'll have saved 800 euros. At that moment, you can still go for the 1,270 euros cap and deposit an additional 430 euros in one go to make up the difference.
When you've paid the maximum tax-deductible amount, your plan will be
marked with a 'Fully paid' label in your accounts overview. If you tap
this label, a screen will appear showing what you've already paid and
still have left to pay into your plan and what this year's maximum
tax-deductible amount is. This screen will also be marked with a
'Fully paid' label when you've deposited the entire amount qualifying
you for the full tax break.
Yes. Just tap your account to view its details and pay into your plan. The amount to be deposited is the amount needed to top up your plan to get the full tax relief. You can change this amount if you prefer, as long as you don't exceed the maximum tax-deductible amount.
Note that we’re unable to check in real time whether you’ve
deposited the entire amount making you eligible for the full tax
break. If you pay in too much, we’ll repay you the difference
It takes two to three banking days to process a deposit, so you won't
be able to make a second deposit quickly after making a first one.
Once your previous deposit has been processed, you can make another
If you hold the KBC Home & Pension Plan – NIHDI insurance
product, you can only view the reserve that you have built up with
Tap 'More > Home > Open your security deposit savings account’.
You can immediately view the new account.
Open your 'Payments' menu to see it among your other accounts or look
under 'Home' (More > Home).
You can open a security deposit savings account if you've signed a
private lease for renting an apartment, house, student accommodation,
service flat, room in a nursing home or a parking space, both as a
main residence and a second home. You can't open one for property that
you rent for professional purposes or for property abroad.
You need the ID cards of all tenants, the name(s) and address(es) of
the landlord(s) and the lease.
Any individual aged 18 and over can open one, either in your own
name, or in your and your partner's names (provided they're on file
The landlord may be a private individual, a Public Social Welfare Centre or an estate agent.
That includes your spouse, legally cohabiting partner, unofficially
cohabiting partner, brothers, sisters, parents, boyfriend or
girlfriend. They all qualify, though the ‘other person’ must be on
file with us.
All tenants that you register when you open a security deposit
savings account must sign the account contract.
Yes, it's located under ‘Payments’ and ‘Home’.
No. You can transfer your security deposit either as soon as you open
the account, or at a later date.
You can't use our KBC Mobile app to open a security deposit savings account:
No. However, you can pay it at a later date (after opening the
security deposit savings account). The entire amount of the security
deposit will be blocked immediately after being transferred. You can
deposit additional money on this account at any time, but can't
You can have the names of the tenants or landlords changed at your
branch. You may not add or remove tenants or landlords without first
closing the security deposit savings account.
It only contains the name of the tenant (or names of the joint
tenants) and the amount of the security deposit.
We only use your landlord’s e-mail address (if necessary) to inform
them about the security deposit savings account. We remove their
e-mail address from our records afterwards.
The app lets you apply to close your security deposit savings account
or release your security deposit after receiving the signed release
agreement from your landlord(s) or when you are in possession of a
You need the following documents:
Once we've checked and approved the documents you send us, we'll
transfer the amount in accordance with the guidelines shown on the
release document. The release, including the transfer, will take one
banking day. You'll receive confirmation of this under ‘Communication’
in your KBC Mobile app.