The Private Supplementary Pension for the Self-Employed (VAPZ)
The VAPZ is a popular pension savings formula for self-employed people in main occupation.
Each year, you can deposit a maximum of 8.17% of your taxable income into the (ordinary) VAPZ, with a ceiling of €3,965.77 in 2024.
Are you self-employed in secondary occupation? Then you can still make use of it if you pay sufficiently high social security contributions. You must then be enabled as a self-employed person for at least 3 years and paid at least €3,562.04 (2024) yearly in social security contributions (the main occupation minimum).
The Pension Agreement for the Self-Employed (POZ) ⚖️
Have you reached the maximum amount for your PSPS but want to continue saving for your pension? Then the POZ is an excellent supplementary option for all self-employed people. With as the same condition as the PSPS.
Find out more about the POZ here!
Curious about which insurances are tax deductible?
Then view our list of tax-deductible insurance for self-employed people in main occupation!
Pension savings: options for everyone
Besides the VAPZ and POZ, there is also the classic formula of pension savings. This form of supplementary pension savings is open to all Belgians, whether you are self-employed or not.
In 2024, you can deposit up to €1,020 per year and enjoy a 30% tax reduction. Those saving up to €1,310 per year will benefit from a 25% tax advantage. An interesting additional track, especially if you already maximise VAPZ and POZ. For more info, click here.
Alternative ways to save
Besides the tax-friendly pension saving formulas, there are other ways to build up a nice capital for your old age:
- Investing in real estate, such as your own home 🏡
- Investing in shares, bonds or other financial instruments 💹
- Building up business or private wealth 👷
While these options offer fewer guarantees than an EAP or POZ, they can also be very profitable under the right circumstances!
Conclusion
By making smart use of the available pension savings formulas such as the PSPS, POZ and classic pension savings, you can build up a nice additional capital on top of your statutory pension.
Let an expert assist you in drawing up a well-considered pension plan tailored to your needs. This way, you ensure financial security and peace of mind, so you can fully enjoy your well-earned retirement! 🎉
Did you know.
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