Retirement is something you need to worry about today.

In 2002, a new regulation was published for the Grand-Duchy about the implementation of article 111bis concerning income taxes. According to this regulation every citizen can put money into an individual pension fund and benefit from generous tax advantages.

You can get the best out of these legal possibilities by subscribing to TOP-PENSION, your private pension plan.

Tax advantages can go from €1,500 to €3,200 per tax payer and year.

TOP-PENSION, the individual pension fund of FORTUNA Banque s.c. comes in two flavours:

• the Formula "flux" for the careful saver and
  
• the Formula "stocks" for those who want to take advantage of long-term developments of the financial market.

The Formula "flux"

The directly or indirectly invested part of the premiums paid during the fiscal year is limited according to the depositor's age at the beginning of the fiscal year (cf. the table below).

The client's portfolio has two LUX-PENSION Sicav compartments (monetary market and 100%).

The Formula "stocks"

The part of the underlying assets that is invested in shares is limited according to the depositor's age at the beginning of the fiscal year (cf. the table below).

The client's portfolio has one LUX-PENSION Sicav compartment.

Table of possible deductions
Tax payer's age as used for tax calculation	Amount of deductions
up to 40 years	€1,500
between 40 and 44 years	€1,750
between 45 and 49 years	€2,100
between 50 and 54 years	€2,600
between 55 and 74 years	€3,200

Tax advantages on your savings at your retirement:

• tax rebate of 50% on your life annuity
  
• capital paid in one deposit taxed at half the global rate