Measure the actual tax saving from the €4,500 allowance, then compare contracts on the factors that determine net returns: fees, investments, risk and payout terms.
Calculate my tax saving2026 calculator
The 2026 allowance is individual: a couple needs two contracts to use two allowances.
The engine applies the legal ceiling, calculates the additional reduction in taxable income, then reuses the progressive 2026 scale and employment-fund surcharge. It does not simulate an ACD decision, foreign taxation or future product taxation.
Provider comparison
The table separates published facts from information that must be obtained in a quotation or KID. ‘Not disclosed’ never means ‘free’.
Factual comparison. No sponsored ranking and no contract is concluded through GlobalFiscalLab.
Checked on 11/09/2026
7 results of 7
| Product and opening | Minimum contribution | Investments / guarantee | Published fees | Flexibility |
|---|---|---|---|---|
MySmartPension AXA Luxembourg Request a simulation and subscribe through an AXA adviser With an adviser | €50 per month | Guaranteed investment advertised at 1.25% with profit sharing, plus unit-linked investments | In product documents No quantified fee schedule on the product page; review the quotation and KID | Adjustable contributions; lump sum, annuity or a combination subject to the contract AXA — MySmartPension |
Pension Plan Baloise Callback form or Baloise adviser With an adviser | Not disclosed on the product page | Managed, profiled or self-directed allocation; funds, ETFs and ESG options | In product documents No quantified schedule on the page; review the KID for the selected option | Monthly or annual premiums, one-off payments and possible contribution pauses Baloise — Pension Plan |
OptiPension+ BGL BNP Paribas · via Cardif Lux Vie Appointment with a BGL BNP Paribas adviser With an adviser | Not disclosed on the product page | Personalised management or profiles; guaranteed fund and unit-linked investments | In product documents No quantified fees on the product page; request the contractual documents | Choice of profile and investments under the contract; statutory article 111bis payout options BGL BNP Paribas — OptiPension+ |
horizon Foyer Contact request to a Foyer agent With an adviser | Not disclosed on the product page | One capital-protected investment, capped at 50%, and six variable investments including two ESG options | By quotation No quantified schedule published; request contract and fund cost details | Adjustable guarantees; lump sum, annuity or a combination at maturity Foyer — horizon |
easyLIFE Pension LALUX Quotation request or LALUX agent With an adviser | €25 per month | Security option with a guaranteed rate or Performance option linked to funds | In product documents No quantified schedule on the page; financial sheets are available by option | Adjustable amount; lump sum, annuity or a combination at maturity LALUX — easyLIFE Pension |
R-Vie Pension Raiffeisen · via Foyer Appointment with a Raiffeisen adviser With an adviser | Not disclosed on the tax-planning page | Life-insurance solution for old-age provision distributed with Foyer | By quotation No quantified fees disclosed; request a quotation, terms and KID | Exact features depend on the proposed contract Raiffeisen — R-Vie Pension |
S-Pension Spuerkeess Fully online through S-Net or S-Net Mobile; adviser callback for non-customers Online opening | Not disclosed on the product page | LUX-PENSION 100%, 75%, 50% and 25%, plus a money-market option | Partly published No subscription, early-exit or maturity fee; underlying fund costs still need checking | Additional payments and standing orders can be changed in S-Net Spuerkeess — S-Pension |
AXA Luxembourg
Baloise
BGL BNP Paribas · via Cardif Lux Vie
Foyer
LALUX
Raiffeisen · via Foyer
Spuerkeess
Decision
Request a quantified written answer where a product exists. Marketing material does not replace full terms, complete fees or a suitable proposal.
01
Add contract, fund-management and switching fees, plus any penalties.
02
Check the maximum equity allocation, available ETFs, in-house funds and guaranteed options.
03
Review minimum payments, pauses, one-off contributions and strategy changes.
04
Compare lump sum, annual withdrawals and annuity; taxation also depends on your residence at payout.
Analysis
Worked example
If no other actual special expense has used the automatic €480 allowance, a €4,500 payment produces only a €4,020 additional reduction in taxable income. The calculator then recomputes tax for the selected class and income.
2026 rules
Frequently asked questions
The limit is €4,500 per taxpayer and year for contracts complying with article 111bis.
Yes, if the spouses are assessed jointly and each holds an eligible contract, subject to a €4,500 individual limit.
Generally no. Limited exceptions apply, notably for serious illness or disability that meets the statutory conditions.
No. Time horizon, risk tolerance, total fees and guarantees differ. Compare expected net return and risk, not only the investment label.
Related reading
Review all 23 brackets, marginal rates and worked income examples.
OpenCalculate the benefit in kind and estimated monthly take-home cost.
OpenUnderstand how household circumstances affect the tax calculation.
OpenConnect the tax scale, social contributions and estimated take-home pay.
Open