In the case of company directors’ insurance (ADE), the premiums paid by company directors to build up capital at retirement are deductible as professional expenses! A very good tax advantage conditional on only compliance with the famous “80% rule”. A small sprain – quite legal – allows to integrate in the 80% the previous years (back-service, in the jargon) where there was no payment of supplementary pension. Or rather should we say “allowed”. This gift of being able to “catch up” to previous years is no longer allowed. The tax authorities have just changed their tune, even before Pensions Minister Karine Lalieux (PS) tackles the problem.
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