Premiums for (social) VSPSS remain tax deductible in 2020
You can still deduct the premiums for your standard or social voluntary supplementary pension scheme for the self-employed (VSPSS) from your taxes this year, even if you had to take a social security payment holiday for one or more quarters due to the coronavirus crisis.
The self-employed receive an average statutory pension of 911 euros a month, which is significantly lower than that of private sector employees. Self-employed individuals pay less in social security contributions during their career, which is a key factor in determining the statutory pension.
If you want to maintain your current standard of living, it is in your best interest to start saving for a supplementary pension. And who doesn’t want to maximise tax relief while building up their pension pot?
Taking advantage of tax relief
Whether you’re a business owner or self-employed, it would be a shame not to benefit from tax relief.
And you can enjoy more than one form of saving to supplement your pension.
Check out the options below and combine different types of pension savings schemes for maximum tax relief!
More tax relief now, a bigger reserve later
Discover all the benefits of saving under a supplementary pension scheme. You pay less tax, because the business expenses you run up are tax-deductible. But there’s more:
- You also qualify for a discount on your social security contributions;
- And you can take an advance on your accrued reserve to purchase or renovate real estate.
Now that’s certainly worth considering!
If you’re having difficulty choosing, we’re here to help!
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