Whatever your choice – guaranteed or variable yield -, the earlier you start, the higher the return of your savings will be. The amount is linked to the accumulation of interest and capital. In addition, if you subscribe to an individual pension savings plan, your contributions are subject, under certain conditions – in particular, your policy must run for a minimum of 10 years -, to tax relief. The tax relief limit is EUR 3,200 per year and per ratepayer, whatever his age.
As you will have understood, once you start to work, you should subscribe to an individual pension savings plan. The pensioner you will be in the forthcoming decades will thank you for your foresight. You may benefit from the tax advantages linked to your individual pension savings plan from the age of 18 to the age of 65.