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Under certain conditions Belgian taxpayers can claim a tax credit for individual life insurance premiums. The eligibility for a tax credit is notably but not exclusively subject to the conditions that :

1. the life insurance contract is subscribed prior to the age of 60 for women and the age of 65 for men;
2. benefits may be released not sooner than the age of 60 for women and the age of 65 for men.

Other conditions are: the insured is the taxpayer, the duration of the contract is minimum 10 years

News

For life insurance contracts subscribed from January 1, 2001 until December 31, 2001 the eligibility for a tax credit is notably but not exclusively subject to the conditions that :

1. the life insurance contract is subscribed prior to the age of 65 for women and men;
2. benefits may be released not sooner than the age of 60 for women and the age of 65 for men.

For life insurance contracts subscribed as from January 1, 2002 the eligibility for a tax credit will notably but not exclusively be subject to the conditions that :

1. the life insurance contract is subscribed prior to the age of 65 for women and men;
2. benefits may be released not sooner than the age of 65 for women and men.

The old regime remains applicable for life insurance contracts subscribed prior to January 1, 2001.

Application

For women: life insurances providing the release of benefits in case of life as from the age of 60 may still qualify (provided all other conditions are met) for a tax credit if the contract is subscribed prior to January 1, 2002. No tax credit will be available anymore for contracts providing the release of benefits prior to the age of 65, if the contract is subscribed after January 1, 2002.