30 January 2024
Champagne oudejaarsnacht

A "calmer" starting of the year compared to 2023 in terms of the new ceilings. 

What is new is that the maximum deductible premiums in the 3rd pension pillar are indexed for the first time in 4 years. For individual pension savings, these premiums are 1,020 euros for a 30% saving and 1,310 euros for a 25% saving. All amounts between 1,020 and 1,224 euros are less interesting because of the lower tax benefit in relation to the higher savings amount. Also for long-term savings, the maximum amount is increased up to 2,450 euros.

In addition to the 3rd pillar pension savings, active people with self-employed status can save in a tax advantageous way via the PSPS or the Private Supplementary Pension for the Self-employed amounting to 8.17% of their professional income with a maximum of 3,965.77 euro. If the VAPZ (PSP)S has a 'social character', the amount rises to 9.40% of income with a maximum of 4,562.82 euros. You calculate the allowed premium by multiplying the 2021 taxable income by the coefficient 1.186782596.

Based on the Circular (12/2022) in the context of calculating the maximum deductible pension contributions for self-employed people in the 2nd pillar, we need to distinguish between the years as self-employed before 2021 and the years from 2021 onwards. The pension ceilings for calculating the 80% rule are as follows:

- Self-employed years before 2021 : 25% of the income with a maximum of 22,042.31 euros or in other words on a maximum income of 88,169.23 euros
- Self-employed years from 2021 + years as non self-employed before 2021 : 50% of the income with a maximum of 88,169.23 euros

For wage earners, there’s only an indexation of the ceiling allows you to take into account 50% of the salary with a maximum of 38,197.99 euros or in other words on a maximum income of 76,395.98 euros for 2024.

The minimum estimate of the statutory pension as a single person for both statutes is 20,862.51 euros.

Occupational accident for wage earners will be calculated in 2024 based on an indexed wage ceiling of 54,743.48 euros. In addition, the government has reduced the premium tax on statutory contributions from 3.23% to 3% from 1/1/2024. For job students and domestic servants, the tax is now 23% instead of 23.23%.

Disability benefits following private accident or illness are calculated at a wage ceiling of 54,918.36 euros.

The employer's contribution under an Individual Pension Plan for Salaried Employees (IPL) is deductible up to EUR 2,970 in 2024. Not to be confused with the Free Supplementary Pension for Employees (VAPW) where the premium is borne by the employee himself (see November 2018 Actueel). Every wage earner will find this amount at www.mypension.be

The system of maximum wage bonus or 'non-recurring result-related benefits' may tick up to an amount of EUR 4,020 gross (including solidarity contribution) in 2024.