Individual pension commitment - IPC

The EIP insurance or Individual Pension Commitment is a life insurance policy that provides a lump sum at the time of retirement and/or in the event of premature death. This insurance is taken out by the company for the benefit of its manager or his heirs. The premiums are paid by the company.

Key advantage: you are the owner of the contract!

Why should you subscribe to an Individual Pension Commitment (IPT) with RGF Group?

The RGF Group has an experienced team with outstanding skills in the field of Individual Pension Commitment insurance.

With Groupe RGF, you can choose your coverage literally "à la carte" to build up a package of extra-legal benefits that is totally tailored to your budget and your needs. It is by taking all these factors into account that the RGF Group makes the difference in order to respond positively to all requests, all situations, and all developments.

Benefits of EIP insurance

Tool for building up pension capital

Particularly favorable tax and duty treatment

Financing of real estate projects

High security

What is possible with an Individual Pension commitment?

An EIP offers a lot of possibilities: :

If you stop working before reaching retirement age, you have the option to:
- continue in your own right
- benefit from the capital in the context of a property purchase

In the event of the sale or liquidation of your company, the capital is definitively yours as an individual.

IPC: Taxation and benefits

The premiums paid are fully deductible for the company provided that:

You have a regular monthly executive remuneration.
You respect the tax limit called the 80% rule.

The RGF Group offers you tailor-made plans and meets your specific expectations!

How to use your IPC insurance for a real estate project?

The Individual Pension Commitment is also an extraordinary tool for leveraging your property investments. Indeed, you can obtain advances on your I.P.C. for the purchase, construction, or conversion of real estate located in Belgium or in the European Economic Area.

You can also restructure a mortgage loan or pledge the contract as collateral.

Frequently asked questions

What is EIP insurance?

An individual pension commitment (IPC) is a life insurance policy that provides supplementary pension capital for company directors through their companies. By taking out an EIP insurance, you are the owner of the policy and benefit from very favorable tax treatment. Your company pays the premiums, which are fully deductible provided the 80% rule is respected. This life insurance can benefit the company director or the employees. Moreover, it is possible to combine an EIP with group insurance and a supplementary free pension for the self-employed (SPAS).

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Is EIP insurance right for you?

If you are a company director and want to build up your supplementary pension, the individual pension commitment is a very good choice. Your company can take out an EIP insurance policy for you if you receive a regular monthly salary. In addition, you can combine your EIP with a VSPSS pension plan. In this way, you can benefit from numerous tax advantages:

Invest in real estate projects
The premiums paid by your company are 100% deductible as business expenses.
Benefit from additional protections to reduce the overall tax burden and meet your specific needs

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When to collect your EIP pension plan and with what taxation?

Pursuant to the law of December 18, 2015, workers are required to liquidate their supplementary pension capital when they take early retirement.

If you remain active until the age at which you meet the conditions for a full career (65 years now, 66 years from 2025 onwards), your supplementary pension capital (EIP) will be taxed at the preferential tax rate of 10%, even if you liquidate it before your 65th birthday. The points of attention are therefore:

You must prove a full career of 45 years ( mypension )
You must remain active during the last 3 years before the 45-year career
The reduced tax rate of 10% does not apply in the case of early retirement

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VSPSS, IPC, SPAS: which supplementary pension scheme should I choose?

First and foremost, the VSPSS is the independent third pillar pension contract that offers the best tax leverage. It is therefore generally a priority contract when setting up second pillar insurance. The VSPSS is often supplemented by an EIP or a SPAS.

The VSPSS contract is more advantageous because it is not subject to the 4.40% tax (this provides tax deductibility at marginal tax rates and a reduction in self-employed social security contributions).
The taxation of the capital at maturity is spread over 10 years.
The choice between an EIP and a SPAS insurance depends on your situation as a self-employed person (company director or self-employed person in natural person)

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Why is the taxation of EIP insurance interesting?

The individual pension commitment is a particularly interesting life insurance contract. The taxation of an IPC depends on your retirement age and your tax advantages as a company director are as follows:

The premiums paid by your company are fully deductible if the 80% rule is respected. This rule defines the maximum premium your company can deduct (it cannot exceed 80% of your statutory and non-statutory pension).
The sums paid into your EIP are more attractive for tax purposes than a salary increase. Your salary increase will be subject to personal income tax, whereas the payments into your EIP pension contract generate a higher return.
You can use your independent EIP insurance to finance a property investment. In addition, you can optimize your EIP each year according to your salary.

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