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Income Tax - Reporting Life Annuities

Verified 08 June 2023 - Legal and Administrative Information Directorate (Prime Minister)

Are you receiving a lifetime payment? This life annuity is subject to income tax. Taxation varies according to the type of annuity.

You must declare the free life annuities received as a result of a gift or will.

They are taxed like pensions.

The tax authority automatically applies a abatement of 10% on the reported total amount of pensions.

The amount of the rebate must be within the following range:

  • Minimum: €422 per pensioner
  • Maximum: €4,123 by tax shelter

Tax returns via Internet is required if your principal residence is equipped with internet access and you are able to file your return online.

For 2023, the tax return is complete.

The 2024 income tax return for 2023 will begin in April 2024.

Life annuities paid at the exit of retirement savings product are reportable.

They are taxed like pensions.

These are annuities paid out of one of the following pension products:

The tax authority automatically applies a abatement of 10% on the reported total amount of pensions.

The amount of the rebate must be within the following range:

  • Minimum: €422 per pensioner
  • Maximum: €4,123 by tax shelter

Tax returns via Internet is required if your principal residence is equipped with internet access and you are able to file your return online.

For 2023, the tax return is complete.

The 2024 income tax return for 2023 will begin in April 2024.

The life annuities for consideration are reportable.

Part of life annuities for consideration is subject to income tax.

This part varies according to your age at the time of 1er payment of the annuity.

The taxable portion is as follows:

Tableau - Taxable share of annuity according to age at first payment of annuity

Your age at 1er payment

Taxable share

Under 50

70%

50 to 59 years

50%

Age 60 to 69

40%

Over 69 years

30%

You must indicate on your tax return the gross amount of life annuities received in 2022 by members of your tax shelter.

The tax authority will calculate the taxable share.

Tax returns via Internet is required if your principal residence is equipped with internet access and you are able to file your return online.

For 2023, the tax return is complete.

The 2024 income tax return for 2023 will begin in April 2024.

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  • For general information

    Tax Information Service

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    Department in charge of taxes (treasury, tax department...)