SAVE AND INVEST

PLCDS – Complementary pension for employees in the care sector

IN PRACTICE

Boost your pension

The PLCDS from AG is a savings insurance policy in branch 21, designed for salaried care professionals affiliated with the medical, pharmaceutical, physiotherapy, dental, midwifery, or speech therapy professions.

The premiums you pay into your PLCDS are tax-deductible as professional expenses.

YOUR BENEFITS

Other benefits

10% of your PLCDS premium is allocated to fund solidarity benefits, providing basic protection in the event of work incapacity and death. You can enhance this protection with additional guarantees.

MORE INFO

Contact us

Do you want to apply for a PLCDS or obtain more information based on your specific situation? Contact your advisor or call the Easy Banking Centre on 02 433 43 34 and make an appointment for a video call.

Complementary pension

Want to maintain your current standard of living in retirement? To achieve this, it's essential to start building a complementary pension as soon as possible.

As a salaried care professional, you can choose a PLCDS in addition to your INAMI contract, which forms the foundation of your complementary pension. This premium is tax-deductible as a professional expense, with no social security contributions withheld.

You can contribute up to 9.40% of your reference income* to your PLCDS each year, with a maximum annual contribution of €4,602.71 for 2025.

Plus, you'll enjoy solidarity benefits on top of this tax advantage.

The PLCDS in brief

Here are the main advantages of this savings formula, which provides salaried care providers with a complementary pension.

Tax optimisation

Automatically pay the maximum deductible premium into your PLCDS every year. Simply send us your reference income* every year, and we'll take care of the rest.

Solidarity benefits

10% of your premium goes towards the solidarity component of your contract. This means you enjoy additional protection without any medical formalities in the event of illness, incapacity for work or death.

A safe investment

With this branch 21 savings insurance policy, you enjoy the security of capital protection and a guaranteed interest rate, which may be increased by an annual profit-sharing payment.

Mortgage financing

Use the reserve you've built up before your statutory retirement date to buy, build or renovate a property, thanks to the pledge of your contract or an advance on the policy.

* Your reference income for the current year is equal to your annual gross income for that year, minus 13.07% social security contributions and professional expenses. You can find this information on your tax return or form 281.10.
Your annual gross income is equal to your monthly gross salary multiplied by 12, plus holiday pay and any 13th month salary.

Solidarity benefits in detail

You enjoy additional protection through your PLCDS contract, thanks to the solidarity benefits. Here are the cover and benefits:

  • a monthly allowance, with a maximum of €25,000 per year, in the event of total incapacity for work and after a waiting period of three months
  • payment of premiums by AG during your entire incapacity for work, and after a waiting period of one year
  • an amount equivalent to 15% of your pension contribution and a welcome gift of €500 for each new-born child
  • a survivor's allowance for your loved ones for 10 years, depending on your age at the time of death and with a maximum of €20,000 per year
  • a lump-sum payment equal to twice your last pension contribution if you become seriously ill

PERSONALISE ACCORDING TO YOUR NEEDS

For your financial peace of mind

Add additional guarantees to your PLCDS to expand the protection of the basic cover. This way, you combine pension, wealth creation and insurance in one policy.

  • Incapacity for work guarantee

    Protect yourself and your family from the financial consequences of incapacity for work due to illness or accident. Opt for a monthly allowance and/or reimbursement of your 'pension' premiums.

    Find out more

  • Death guarantee

    Ensure your family's standard of living after your death. Opt for a minimum capital payment in the event of death and/or an additional capital payment in the event of accidental death.

    Find out more

YIELDS, FEES AND RISKS

Guaranteed interest rate

The net amount of each premium (after deduction of taxes and entry fees) is invested until your retirement (early retirement) at the interest rate at the time of payment. This interest rate remains valid for the entire duration of the contract.

Variable profit-sharing

You may receive an annual profit-sharing payment on your PLCDS premiums. This profit-sharing payment is not guaranteed, may vary from year to year and depends on AG's results and the economic situation.

Yield in detail

The gross overall yield (guaranteed interest rate + profit-sharing payment) of the PLCDS from AG was 2.40% in 2024. This yield does not take into account fees and taxes.

Furthermore, past yields do not provide any guarantee for future yields.

Year Gross overall yield
2024 2,40%
2023 2,30%
2022 2,10%
2021 1,80%
2020 1,80%

Contributions and taxation at maturity

Your PLCDS will be paid out at the time of your retirement (early retirement). At maturity, you pay an INAMI contribution of 3.55% and a solidarity contribution of 2% at most on the acquired capital and profit-sharing payment.

Furthermore, the capital is taxed according to the fictitious income regime. This means you only have to declare a small part of the capital to personal income tax for 10 or 13 years. The percentage to be declared and the duration of the declaration depend on your age at the time of payment of your pension.

The profit-sharing payments granted are exempt from tax.

Age of the beneficiary Rate Duration
60 years 3,5% 13 years
61-62 years 4%
63-34 years 4,5%
From the statutory retirement age or after a full career, in accordance with the legislation in force regarding pensions
  • If you have been effectively active until this age: 5% on only 80% of the pension capital
  • Otherwise: 5% on the total amount
 10 years

Risks

Complementary pension insurance for the self-employed is not covered by the protection regime applicable to branch 21 products and is therefore not covered by the Financial Services and Markets Authority.

You prioritise sustainability

General sustainability policy

To reflect the responsible nature of its products, AG implements various strategies, such as:

  • the integration of environmental, social, and governance (ESG) factors, using ESG risk scores and other metrics. 
  • the exclusion of companies involved in controversial activities [tobacco, arms, coal, non-conventional energy sources such as tar sands and shale gas]. 
  • the exclusion of companies that fail to respect the principles of the United Nations Global Compact.
  • a 'best-in-class' approach, focusing on companies that demonstrate strong ESG performance.
  • active ownership, engaging with companies to promote sustainable practices and improve ESG outcomes.

This product has environmental or social characteristics, but does not have a sustainable investment objective as such.

You can find more information on AG's approach to sustainable and responsible investing applied to its branch 21 products.

The Towards Sustainability label

The PLCDS received the 'Towards Sustainability' label in March 2020. This label is regularly re-evaluated and subject to ongoing monitoring and is a quality standard supervised by the Central Labelling Agency (CLA). To meet this standard, financial products must meet a number of minimum sustainability requirements, both at portfolio and investment process level. You can find more information about the label on towardssustainability.be.

Obtaining this label does not mean that the PLCDS meets your own sustainability objectives.

Not satisfied?

If you have a complaint, you can submit it to BNP Paribas Fortis SA, Complaint Management JQABD, Montagne du Parc 3, 1000 Brussels, tel. 02 228 72 18, gestiondesplaintes@bnpparibasfortis.com or via www.bnpparibasfortis.be > Suggestions or complaints > online complaint form.

If the proposed solution does not satisfy you, you can submit your complaint by post to the Insurance Ombudsman Service, Square de Meeûs 35, 1000 Brussels, BCE: 884.072.054, tel.: 02 547 58 71, info@ombudsman-insurance.be - www.ombudsman-insurance.be.

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Legal information

AG Insurance SA/nv – 53 Boulevard Emile Jacqmain, B-1000 Brussels – RPM/RPR Brussels – VAT BE 0404.494.849 – https://www.aginsurance.be/. Accredited insurance company licenced under code number 0079, under the supervision of the National Bank of Belgium, 14 Boulevard de Berlaimont, B-1000 Brussels.

Intermediary: BNP Paribas Fortis SA/nv – 3 Montagne du Parc, B-1000 Brussels – RPM/RPR Brussels – VAT BE 0403.199.702, registered with the FSMA, 12-14 Rue du Congrès, B-1000 Brussels, under code number 025879 and acting as a contractually appointed insurance agent on behalf of AG Insurance SA/nv. BNP Paribas Fortis SA/nv holds a stake of more than 10% in AG Insurance SA/nv.

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