Income Tax - Reporting Life Annuities

Verified 01 January 2024 - 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. 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: €442 per pensioner
  • Maximum: €4,321 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: €442 per pensioner
  • Maximum: €4,321 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 first 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 2023 by members of your tax shelter.

The tax authority calculates the taxable share.

Income tax: 2024 income tax return for 2023

Published on 1 January 2024

This page is up to date for the 2023 tax return.

However, the forms, online services and information documents are not yet available for the 2024 campaign. They will be made available online as soon as they become available.

Who can help me?

Find who can answer your questions in your region