Article 83

Constitution of a supplementary pension by capitalisation.Tax exemption scheme.Reduction in wages costs.Property diversification.

Advantages

•  The company can deduct contributions from tax.
•  If the total of employer and employee compulsory contribution payments (pensions and insurance) was less than FRF 268,128 in 2000, the employee pays no tax.
•  If the total of employer compulsory and optional contributions was less than FRF 149,940 in 2000, the employer and the employee pay no social security charges.
•  The income is taxed as a salary and is subject to social security charges.

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