Home savings

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Build capital to help finance the acquisition, renovation, or redemption of your home!

Tax savings

Deposits into a home savings plan are tax-deductible on your tax return, allowing you to significantly reduce your tax burden.

Deductible amounts

The maximum deductible amounts on your tax return depend on two factors:

The number of people in your household
The age of the adult individuals in the household

Want to know the deductible amount in your situation?

Look at the examples below!

Some examples:

Couple without children

Under 41 years old

Possible deduction:

2,688€

Maximum tax savings:

1.230€

Over 41 years old

Possible deduction:

1.344€

Maximum tax savings:

615€

Couple with 1 child

Under 41 years old

Possible deduction:

4.032€

Maximum tax savings:

1.848€

Over 41 years old

Possible deduction:

2.016€

Maximum tax savings:

924€

Couple with 2 children

Under 41 years old

Possible deduction:

5.376€

Maximum tax savings:

2.460€

Over 41 years old

Possible deduction:

2.688€

Maximum tax savings:

1.230€

Single without children

Under 41 years old

Possible deduction:

1.344€

Maximum tax savings:

615€

Over 41 years old

Possible deduction:

672€

Maximum tax savings:

308€

Single with 1 child

Under 41 years old

Possible deduction:

2,688€

Maximum tax savings:

1.230€

Over 41 years old

Possible deduction:

1.344€

Maximum tax savings:

615€

Single with 2 children

Under 41 years old

Possible deduction:

4.032€

Maximum tax savings:

1.848€

Over 41 years old

Possible deduction:

2.016€

Maximum tax savings:

942€

Other situation

Each member of your household can benefit from a tax deduction of 672€.

This ceiling is doubled if at least one of the adults is under 41 years of age.

Please contact us for more information!

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What is a home saving contract?

Home savings plan in Luxembourg is a mechanism that enables individuals to build up tax-advantaged savings with the aim of acquiring, building or renovating a home.

What is the deductible ceiling for a home savings plan?

Since 2017, the deductible amounts associated with home savings have been set according to taxpayers' age.

As a result, the ceiling has been doubled for individuals under 41, allowing a deduction of €1.344 per person in the household. For those over 41, the ceiling is set at 672€, this amount also being multiplied by the number of individuals in the household.

Example:

A household of 4 people (2 adults under 41 and 2 children) can benefit from a deduction of €5,376, equivalent to a tax refund of up to €2,460.

How do I set up a home savings plan?

taxx.lu can help you subscribe by advising you and preparing your contracts. Please do not hesitate to contact us.