{"id":15239,"date":"2023-04-17T15:53:02","date_gmt":"2023-04-17T15:53:02","guid":{"rendered":"https:\/\/www.accountable.de\/deductions\/pension-plan\/"},"modified":"2023-04-17T15:53:02","modified_gmt":"2023-04-17T15:53:02","slug":"pension-plan","status":"publish","type":"deduction","link":"https:\/\/www.accountable.de\/en\/deductions\/pension-plan\/","title":{"rendered":"Deduct your pension plan"},"content":{"rendered":"\n<ul class=\"wp-block-list list-disc list-outside ml-0 mb-4 space-y-2\">\n\n<li class=\"font-inter text-base text-black\"><strong>A pension plan, such as the VAPZ (Private Supplementary Pension for the Self-employed, PSPS), is 100% tax-deductible as a business expense.<\/strong><\/li>\n\n\n<li class=\"font-inter text-base text-black\"><strong>A (social) VAPZ lowers both your income tax and your social security contributions.<\/strong><\/li>\n\n\n<li class=\"font-inter text-base text-black\"><strong>The tax maximum for the VAPZ is raised every year.<\/strong><\/li>\n\n<\/ul>\n\n\n\n<h2 id=\"what-is-the-tax-advantage-of-a-vapz\" class=\"wp-block-heading font-degular scroll-mt-32\">What is the tax advantage of a VAPZ?<\/h2>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">The VAPZ is a <strong>100% deductible business expense<\/strong>.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">This means your contributions lower your taxable income, so you pay <strong>less corporate or personal income tax<\/strong> as well as <strong>lower social security contributions<\/strong>.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\"><strong>A VAPZ is the only form of pension saving with this double advantage.<\/strong><\/p>\n\n\n\n<h2 id=\"what-is-the-vapz-tax-maximum-in-2026\" class=\"wp-block-heading font-degular scroll-mt-32\">What is the VAPZ tax maximum in 2026?<\/h2>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">The maximum contribution you can deduct for tax purposes in 2026 depends on your net taxable income:<\/p>\n\n\n\n<ul class=\"wp-block-list list-disc list-outside ml-0 mb-4 space-y-2\">\n\n<li class=\"font-inter text-base text-black\">With an <strong>ordinary VAPZ<\/strong>, you can contribute up to <strong>a maximum of 8.50%<\/strong> of your net taxable income. A ceiling of <strong>\u20ac4,251.39 applies in 2026.<\/strong><\/li>\n\n\n<li class=\"font-inter text-base text-black\">With a <strong>social VAPZ<\/strong>, you can contribute up to a maximum of <strong>9.78%<\/strong> of your net taxable income, with a deductible ceiling of <strong>\u20ac4,891.60 in 2026<\/strong>.<\/li>\n\n<\/ul>\n\n\n\n<h2 id=\"are-there-other-tax-friendly-options-for-a-pension-plan\" class=\"wp-block-heading font-degular scroll-mt-32\">Are there other tax-friendly options for a pension plan?<\/h2>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">Both a <strong>POZ<\/strong> and an <strong>IPT<\/strong> are tax-friendly additions for the self-employed. A <strong>POZ is intended for self-employed people with a sole proprietorship<\/strong>, while <strong>self-employed people with a company<\/strong> can save for their pension in a tax-friendly way through an <strong>IPT<\/strong>.<\/p>\n\n\n\n<h3 id=\"the-tax-advantage-of-a-poz\" class=\"wp-block-heading font-degular scroll-mt-32\">The tax advantage of a POZ<\/h3>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">A Pension Agreement for the Self-employed (POZ) is interesting if you want to save even more for your pension, or as an alternative to a VAPZ. It also offers a tax advantage, but the tax rules work differently.<\/p>\n\n\n\n<ul class=\"wp-block-list list-disc list-outside ml-0 mb-4 space-y-2\">\n\n<li class=\"font-inter text-base text-black\">A POZ is <strong>not deductible as a business expense<\/strong>, but you receive a <strong>30% tax credit<\/strong> in your personal income tax.<\/li>\n\n\n<li class=\"font-inter text-base text-black\">A POZ has <strong>no effect on your social security contributions<\/strong>.<\/li>\n\n\n<li class=\"font-inter text-base text-black\">The maximum amount depends on <a class=\"font-inter text-purple underline underline-offset-1\" href=\"https:\/\/www.accountable.eu\/en-be\/blog\/pension-for-self-employed\/\"><strong>the 80% rule<\/strong><\/a>.<\/li>\n\n<\/ul>\n\n\n\n<h3 id=\"the-tax-advantage-of-an-ipt\" class=\"wp-block-heading font-degular scroll-mt-32\">The tax advantage of an IPT<\/h3>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">With an IPT, the <strong>company<\/strong> pays the premiums and can <strong>deduct them 100% as a business expense<\/strong>, as long as the <strong>80% rule<\/strong> is respected.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">An IPT is more tax-efficient than a POZ and allows higher contributions than a VAPZ, but it <strong>does not lower your social security contributions<\/strong>.\u00a0<\/p>\n\n\n\n<h2 id=\"ipt-vs-vapz-and-poz-which-is-more-tax-efficient\" class=\"wp-block-heading font-degular scroll-mt-32\">IPT vs. VAPZ and POZ: which is more tax-efficient?<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>VAPZ<\/strong><\/td><td><strong>POZ<\/strong><\/td><td><strong>IPT<\/strong><\/td><\/tr><tr><td><strong>Who can take one out?<\/strong><\/td><td>All self-employed people<\/td><td>Self-employed people with a sole proprietorship\u00a0<\/td><td>Self-employed people with a company<\/td><\/tr><tr><td><strong>Who pays?<\/strong><\/td><td>The self-employed person<\/td><td>The self-employed person<\/td><td>The company<\/td><\/tr><tr><td><strong>Tax-deductible as a business expense?<\/strong><\/td><td>\u2705 Yes<\/td><td>No, only a 30% tax credit<\/td><td>\u2705 Yes, for the company<\/td><\/tr><tr><td><strong>Maximum contribution<\/strong><\/td><td>8.50% (ordinary) or 9.78% (social) of net taxable income<\/td><td>Depends on the 80% rule<\/td><td>Depends on the 80% rule<\/td><\/tr><tr><td><strong>Lower social security contributions?<\/strong><\/td><td>\u2705 Yes<\/td><td>\u274c No<\/td><td>\u274c No<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 id=\"how-do-you-get-the-maximum-tax-advantage\" class=\"wp-block-heading font-degular scroll-mt-32\">How do you get the maximum tax advantage?<\/h2>\n\n\n\n<ul class=\"wp-block-list list-disc list-outside ml-0 mb-4 space-y-2\">\n\n<li class=\"font-inter text-base text-black\">Contribute the maximum allowed amount to your VAPZ to benefit fully from the 100% tax deductibility.<\/li>\n\n\n<li class=\"font-inter text-base text-black\">Choose a social VAPZ to enjoy not only a higher deductible amount but also extra protection in the event of incapacity for work or bankruptcy.<\/li>\n\n\n<li class=\"font-inter text-base text-black\">Consider a POZ or IPT as additional pension saving, but make sure you use your VAPZ to the full first for maximum tax advantage.<\/li>\n\n<\/ul>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">\u26a0\ufe0f <strong>Please note: this concerns the biggest tax advantage for a pension plan as a self-employed person; it is not investment advice.<\/strong><\/p>\n","protected":false},"featured_media":0,"template":"","deduction_tag":[551],"class_list":["post-15239","deduction","type-deduction","status-publish","hentry","deduction_tag-taxes-insurance"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Deduct your pension plan | Accountable<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.accountable.de\/en\/deductions\/pension-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Deduct your pension plan | Accountable\" \/>\n<meta property=\"og:description\" content=\"What is the tax advantage of a VAPZ? 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