Erisa Self-employed Pensions - Madelin Act

Objectives:

•  Tax exemption on contributions.
•  Constitution of a supplementary pension.

This type of contract is designed for non-salaried and non-agricultural workers.

Requirements:

•  Compulsory membership of the APRINSS
•  Up to date with pension and health contributions.

Contributions:
These range from the minimum to maximum in the chosen category (922 to 9 220 € - 1 475 to 14 750 € - 2 212 to 22 120 € - 3 318 to 33 180 €).

Making up past non-payment:
It is possible to make up previous years of non-payment between the date of joining the compulsory scheme and taking out a "Madelin Act" contract.

Repurchase:
2nd or 3rd class invalidity. Business closure following a court decision to wind up the business.

Decease before retirement age:
Income paid to designated heirs on declaration of death.

Reversion:
60% or 100% of the income reverts to designated heirs.

Taxation effects:

•  Savings: contributions are exempt from tax if the sum of pension contributions + insurance was less than 42 900,48 € in 2000.
•  Payment: on income: 10 and 20% tax after allowances.

For further information, please contact us!