All expenses > Deduct your pension plan

Deduct your pension plan

Tax audit risk

Easiness to justify
Frequency1x per year
Deducted by95% of independentsRecommended by0% of independentsDo you deduct this expense?Would you recommend this expense?

PSPS, PASE: we help you make sense of all this!

The Private Supplementary Pension for the Self-employed (PSPS/PLCI/VAPZ)

You may have heard about this already: the pension for the self-employed is not the most generous one.
Fortunately, setting up a Private Supplementary Pension for the Self-employed (PSPS) allows you to supplement safely the basic pension you receive as a self-employed person. In addition, this investment in your future pension is fully deductible.

Concretely, for a PSPS, you pay a maximum of 8.17% of your net taxable income, with a minimum of €100 and a maximum of €3,477.62 for the 2023 tax year (revenue 2022)

In short: it’s a great way to optimise your taxes today and prepare for the future at the same time!

You can also choose the supplementary private social pension. Both the PSPS and PSPS SOCIAL guarantee savings and a refund of the reserve in the event of pre-death, but the PSPS SOCIAL can offer additional guarantees: annuity in the case of incapacity for work, maternity, bankruptcy, death and serious illness. It is therefore a matter of comparing with different insurers and deciding for yourself what you consider to be important. Concretely, for a PSPS social, you pay a maximum of 9.40% of your net taxable income, with a minimum of €100 and a maximum premium of €3,966.67 for tax year 2023 (revenue 2022)

The Pension Agreement for the Self-Employed (PASE/POZ/CPTI)

If you already contribute to a PSPS, you can also add a contribution to a PASE.

The mechanism here is different: the premiums you pay into a PASE are not deductible. However, you do get back 30% of the amount paid in the form of a “tax credit” (or tax advantage).

The maximum amount you pay is limited by the 80% rule (which means that the amount of your pension can represent a maximum of 80% of your last self-employed income).

Pension simulator for the self-employed

Would you like to see what a PLCI, a CPTI, or both, can do for you?

We recommend this simulation created by Easyvest. Very easy to adapt to your personal situation, it gives a simple but complete view: here.

Wannes GrosemansWannes GrosemansAccountant and founder of 2UG Boekhouding Fiscaliteit

Expert’s advice

Building up a pension is an important part of the life of any self-employed person. PSPS/PLCI/VAPZ are simple levers to put in place, with low risk and established tax advantages. They are generally a good first step, but are rarely sufficient to provide you with a comfortable cushion. As a self-employed person, it is also worth looking at ETFs (index-linked investments) or property investments, which offer a higher return (with greater risk, of course).

Check those related expenses that you could deduct tomorrow ✨

This website uses cookies to ensure you get the best experience on our website. Privacy policy