Income Tax - Reporting Life Annuities

Verified 17 April 2024 - Directorate for Legal and Administrative Information (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 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 2023 by members of your tax shelter.

The tax authority calculates the taxable share.

Who can help me?

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    Tax Information Service

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