The "BNP Paribas B Pension"product range

Pension savings funds allow you to combine immediate tax benefit with the prospect of financial comfort in retirement.

What is the "BNP Paribas B Pension"product range?

BNP Paribas B Pension is a range of pension savings funds (mutual funds under Belgian law) composed according to strict rules. 

BNP Paribas Fortis markets three pension savings funds (Stability, Balanced and Growth), so each investor can have the plan which best suits their personal situation, age and investor profile. The plans differ in the size of the shares component.  


  • Immediate tax benefit: receive a 30% tax reduction every year on the amount you are paying that year. 
  • Adjusted to your personal situation: the choice of a suitable pension savings plan mainly depends on your age and investor profile.  
  • Flexible: you can switch freely between the 3 pension savings funds without any charge if you decide to (temporarily) take more or fewer risks depending on your personal situation and investor profile. 
  • Potentially profitable: build a substantial capital for your retirement. The earlier you start, the greater your potential return prospects will be.

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The choice of the most suitable fund depends on two key criteria: age and investor profile.

If you are still a long way from retirement, you can opt for a pension savings fund that invests more in shares, thereby offering the best prospects for long-term potential return. The more you approach retirement age, the more you have to restrict this shares component in favour of bonds to add more stability to your investment.


BNP Paribas B Pension Stability
  • Composition: 30% equities and 70% bonds
  • Who is it for?
    • Savers under the age of 40 with a conservative investor profile
    • Savers between the ages of 40 and 55 with a defensive profile
    • Savers between the ages of 55 and 60 with a neutral profile


BNP Paribas B Pension Balanced
  • Composition: 50% equities and 50% bonds
  • Who is it for?
    • Savers under the age of 40 with a defensive investor profile
    • Savers between the ages of 40 and 55 with a neutral to dynamic profile
    • Savers between the ages of 55 and 60 with a dynamic or aggressive profile


BNP Paribas B Pension Growth
  • Composition: 70% equities and 30% bonds
  • Who is it for?
    • Savers under the age of 40 with a neutral to aggressive investor profile
    • Savers between the ages of 40 and 55 with an aggressive profile


  • Receive a 30% tax reduction on the amount you have spent on your pension savings each year.
  • The amount that qualifies for tax reduction is capped and adjusted each year. For your income of 2014 (assessment year 2015) you can invest up to EUR 940 in your pension savings fund.
  • In a family, both (tax payer) partners can deduct this amount.
  • In practice: for a maximum deposit of EUR 940 in 2014, the tax reduction is EUR 282.
  • If you entered into your pension savings contract before the age of 55, a one-off 10% tax will be withheld when you are 60. You will be able to continue your deposits and enjoy the tax benefit until the year you turn 64. Pension savings contracts entered into after your 55th birthday are subject to a final 10% tax after 10 years. Early settlements are possible, but your taxes may suffer. In case of settlement before the age of 60, the capital is taxable as personal income (or possibly non-resident income) at:
    - the progressive rate (increased by supplementary municipal and crisis taxes) for the share of the capital coming from deposits made before 1993;
    - a separate rate of 33% (increased by supplementary municipal and crisis taxes) for the share of the capital coming from deposits made since 1993.
    The one-off tax of 6.5% can be charged similar to withholding tax.
    In case of settlement from the age of 60, the capital has in principle already been subjected to the long-term savings tax (see above), the rate of which is 33% if the stated conditions have not been met. This is particularly so if a tax payer has opened a pension savings account at the age of 55 or older, settles it before the 10-year term is over and then fails to meet the mentioned conditions.
  • No tax on stock exchange transactions on redemption.




  • When you start your pension savings, you are free to choose the fund that suits your personal situation.
This choice is certainly not final. You can switch from one fund to another at all times free of charge, as long as you stick to the 3 pension savings funds offered by BNP Paribas Fortis} . The switch to a more defensive fund is highly recommended as you approach retirement age, for example.


  • For your convenience, you can decide to spread your savings contributions over the year or deposit the amount in one go. If you wish,  BNP Paribas Fortis} will automatically take the money from the current account indicated by you at a frequency you choose yourself (monthly to annual). This way the bank can make certain that you always receive the maximum tax benefit.


  •  PC banking allows you to follow the evolution of your units in the pension savings funds at all times: it provides a summary of the net asset value, the indicative value, the transactions in the past 2 years and the number of units.

  • You can also always see the availability for the current year, taking into account the applicable tax ceiling.


    • Prospectus
    • Key Investor Information Document (KIID)
    • Commercial datasheet
    • Last periodic report
    • Charges
      • Front-end commission: 3%
      • Redemption fee: 0% 
      • Management fee: 1.30% (Balanced), 1.29% (Stability) and 1.33% (Growth)
    • The financial services are guaranteed by BNP Paribas Fortis.
    • The net asset value is calculated every bank business day and is published on the website under Net Asset Values.


      Taxation for contracts entered into from 1993


    • A pension savings contract starting before the age of 55 is subject to a 10% tax when you turn 60. This tax discharges you from any further taxation.
    • If you entered into the pension savings contract from the age of 55, the final tax is withheld after 10 years. If you request redemption after the age of 60 before the contract is 10 years old, a 10% tax also applies on the condition that you are retired at the time or part of the "unemployment with company supplement" system. In other cases the tax is 33%.
    • In case of prepayment before the age of 60, you are subjected to personal income tax and a 33.31% withholding tax is usually payable.
    • Personal income taxes and long-term savings taxes both use a theoretical amount as the taxable base, which is equal to all annual deposits capitalised at a rate of interest of: 6.25% for all deposits made before 1992;
    • 4.75% for all deposits made since 1992.

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