Maximum amount you can save for your pension in 2017
The maximum amount for pension saving remains 940 euros in 2017, the same as last year. If you transfer 940 euros in total to a pension savings account in 2017, you get back 30% of that figure (or 282 euros) in the form of tax relief.
Want to find out more about saving for your pension? Visit our page with FAQs on pension saving.
Other tips on saving for later
Besides pension saving, there are a number of other ways to save for your retirement. Don't forget that they do not offer the tax relief you enjoy when you pay into a pension savings scheme.
Build up a savings reserve by setting aside an amount every month or at regular intervals. You can opt for a traditional savings account or go for a higher-interest savings account with a standing order to save a certain amount each month.
If you already have a pension savings scheme and have an extra savings reserve, investing is a worthwhile option. At KBC, you can start investing from as little as 10 euros at your own pace and free of charge. It's the ideal way to make your savings work harder for you. Check out everything you need to know about starting to invest now.