KBC Brussels Home & Long-Term Plan

Get more out of your pension

KBC Brussels Home & Long-Term Plan

Get more out of your pension

A secure formula

You get guaranteed interest on each net deposit you make. This can be supplemented with a profit share if the results of KBC Insurance allow.

Tax advantage

You build up a pension under the ‘long-term savings’ tax structure, thereby benefiting from a tax break of up to 30% (depending on your income and personal situation).


You decide when and how much to deposit according to your own personal financial situation. Deposits can start from as little as 24 euros per month

What is KBC Brussels Home & Long-Term Plan?

The KBC Brussels Home & Long-Term Plan is a (class 21) savings insurance plan that allows you to build up a supplementary pension before and during retirement under the long-term saving tax scheme. What's more it's also a useful way to help pay for loan balance insurance if you take out a home loan at a later date.

It is a very safe product, due to the fact that interest is guaranteed on the amounts saved until the end of the contract. KBC Insurance guarantees paying interest on every net deposit until the contract ends. At present, the rate is 0.75%. 

Planning to buy, build or renovate a home? Then it's good to know that you can use the capital you've accumulated to pay for loan balance insurance (i.e. mortgage cover life insurance). Because the KBC Brussels Home & Long-Term Plan lets you save tax-efficiently beforehand, you also have more financial breathing space for yourself during the period you pay off your home loan. 

What is the return on a KBC Brussels Home & Long-Term Plan.?

Guaranteed rate of interest on every deposit

KBC Insurance guarantees the interest rate on every deposit until your contract's expiry date. It currently amounts to 0.75%.

Profit sharing

In addition to the security of a minimum return, an annual profit share is possible. This is not guaranteed and depends on prevailing economic conditions and the results of KBC Insurance.

Get tax benefits

The premiums for this savings insurance plan qualify for tax relief under the long-term savings tax rules. You can get a fiscal advantage of up to 30% of the amounts saved in the form of tax relief, depending on your personal situation.

A flexible way to save

You can get tax relief on your savings, from 24 euros a month. You decide what best suits your situation and your family. The maximum amount you can save each year depends on your level of earned income or pension. Use the KBC Tax Planner to calculate your optimum amount. The 2020 annual maximum you can save is capped at 2,350 euros.

When should you start?

If your home loan is paid off, that’s an ideal time to start long-term saving, since you usually then have breathing space to start a tax-advantageous savings plan.

If you’ve not yet turned 65 and will also pay tax in retirement, you’re best to start long-term saving as soon as you can, so that you can enjoy a tidy bit of tax relief for many years to come.

Naming a beneficiary

You yourself choose the beneficiary who will get the reserve and any supplementary death benefit, provided they belong to the category of persons specified by law: lawful spouse, officially cohabiting partner, blood relation to the second degree.

Supplementary cover

You can take additional death cover or additional cover for death by accident or permanent and complete physiological disability caused by an accident.

Cover may be subject to medical acceptance. The premiums for this cover are deducted from the savings under the policy.

Savings period

You decide how long you want to save for under your KBC Brussels Home & Long-Term Plan, though the contract must run for at least ten years and cannot be terminated before your 65th birthday. You should therefore put into it money that you can do without for a longer period. The plan is a flexible, tax-friendly way for you to accumulate a tidy sum of savings for your retirement.

Taxation on distribution

Bear in mind that the savings pot is taxable if you’ve benefited from tax relief.

  • A one-off advance tax charge is usually levied on your 60th birthday (or on the tenth anniversary of the contract if you take the policy out after turning 55).
  • If you die before the contract end date, the sum paid out is liable to personal income tax at the same low rate.
  • You can withdraw your savings early, but you will suffer a tax penalty.

Note that the tax rules may change in the future.

Rates and charges

Management fee None

Entry charges on new deposits

5% on each deposit

Exit charges upon early withdrawal

Maximum 5%

Insurance tax on new deposit


During the last five years of the contract, the percentage of exit charges reduces by 1%. You do not pay any exit fees on statutory retirement, early retirement or when taking bridging pension, provided that the contract has already been running for at least ten years.

  • The minimum savings amount per year is 288 euros (including taxes and charges).
  • The minimum savings amount per month is 24 euros (including taxes and charges). The
  • maximum deposit per year is 2,350 euros and limited according to your earned income or pension and your personal situation.

More things you need to know

  • The KBC Brussels Home & Long-Term Plan is subject to Belgian law.
  • More detailed information on this product, the relevant conditions, and the attendant risks can be found in the general conditions and the financial fact sheet. Be sure to read that info before signing. This information is available free of charge from your KBC Brussels intermediary.
  • Future tax treatment can change and depends on your individual circumstances. Your intermediary will be glad to give you bespoke advice in this respect.
  • Term: minimum ten years, final maturity no earlier than age 65. The savings insurance ends on the death of the insured person.
  • KBC Insurance guarantees the interest rate on every net deposit until the contract end date. The interest rate for all net deposits is 0.50%. This rate is guaranteed until the contract is paid out.
  • The guaranteed interest rate may change for future deposits. KBC Insurance determines the interest rate applicable to your deposits during the term of the contract, based on the situation on the financial markets and/or changes to the legal requirements. If this interest rate changes, KBC Insurance will notify you of that fact.
  • Your intermediary is your first point of contact for any complaints you may have. If no agreement can be reached, you can contact KBC Brussels Complaints Management, Brusselsesteenweg 100, 3000 Leuven, complaints@kbc.be, tel. 0800 62 084 (free number) or + 32 78 15 20 45 (pay number), fax + 32 16 86 30 38. If you cannot find a suitable solution, you can contact the Insurance Ombudsman, which serves the whole industry, de Meeûssquare 35, 1000 Brussels, e-mail info@ombudsman.as, website www.ombudsman.as. Your right to initiate legal proceedings is not affected.
  • Guaranteed-interest life policy with a guaranteed return, whereby the investment risk is borne by the insurer.
  • This product is covered by the Belgian deposit-protection scheme for guaranteed-interest life insurance (class 21). The scheme is triggered if it is established that KBC Insurance has defaulted. The protection currently amounts to 100.000 euros per policyholder for all reserves combined that are held with KBC Insurance under protected guaranteed-interest life insurance contracts.

KBC Insurance NV – Professor Roger Van Overstraetenplein 2 – 3000 Leuven – Belgium – VAT No. BE 0403.552.563 – RLP Leuven – IBAN BE43 7300 0420 0601 – BIC KREDBEBB – insurance company belonging to the KBC Group and licensed by the National Bank of Belgium, de Berlaimontlaan 14, 1000 Brussels, Belgium, for all classes of insurance under code 0014 (Royal Decree of 4 July 1979, Belgian Official Gazette of 14 July 1979).

Detailed information on this product can be found in the product fact sheet and the financial fact sheet, which we recommend you read carefully before taking out this product

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