Income Tax - Reporting Life Annuities

Verified 10 April 2025 - Directorate for Legal and Administrative Information (Prime Minister)

Are you collecting a lifetime payment? This life annuity is subject to income tax. Taxation varies according to the type of annuity. We'll tell you what you need to know.

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

They are taxed as 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: €450 per pensioner
  • Maximum: €4,399 by tax shelter.

Life annuities paid at the exit of retirement savings product are to be declared.

They are taxed as a retirement pension.

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: €450 per pensioner
  • Maximum: €4,399 by tax shelter.

The life annuities for consideration are to be declared.

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

This part is variable according to your age at 1er payment of the rent.

The taxable portion is as follows:

Tableau - Taxable share of life annuity for consideration according to age at 1er payment

Your age at 1er payment of the annuity

Taxable share

Under 50

70%

50 to 59 years

50%

Age 60 to 69

40%

Over 69 years

30%

You must indicate on your income tax return the gross amount life annuities collected in 2024 by members of your tax shelter.

The tax authority calculates the taxable share.

Please note

The bouquet paid in the framework of life sale is not considered income. But it is subject to the real estate gain. This may be exempted, in particular where the house sold as a living quarters is the seller's principal residence.

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