Retirement Simulator Art. 111bis
How Article 111bis reduces your tax bill
Article 111bis of the LIR allows you to deduct contributions to a private pension scheme from your taxable income, up to €4,500 per year. You therefore pay no tax on that portion of your income in the year of contribution.
Your actual savings depend on your marginal tax rate: the higher your tax bracket, the more value you get from the same deduction. That is what this simulator calculates for your situation.
