12 rue Léon Laval
Tel. : 437 437
Home & Everyday
Why have a home ownership savings plan?
A home ownership savings plan is an incremental savings plan with numerous tax advantages:
- Constitution of interest-bearing capital
- Tax deduction of payments devoted to housing-savings
- Option to obtain a property loan at advantageous rates
The capital from the home ownership savings plan is intended for the construction or purchase of a house, as well as modernisation work in your accommodation. Once the contract is 10 years old, the saving thus constituted may be used for other purposes.
STRONG POINTS OF A HOME OWNERSHIP SAVINGS PLAN
Why choose Foyer's home ownership savings plan?
- Attractive mortgage rates
- Fixed interest rate
- Safe savings
FINANCE YOUR HOME
Financing a home requires long-term planning. Ideally, it is composed of 3 financial sources:
- A personal contribution
- A mortgage
- A home ownership savings plan
Generally, the larger the personal contribution, the more advantageous the mortgage conditions.
A home ownership savings plan lets you not only constitute this precious personal capital, but also obtain a mortgage at a particularly advantageous rate.
What happens with the capital saved?
Over the first 10 years, the home ownership savings plan contract cannot be terminated (except in case of death/invalidity). The savings must be used for the conversion, modernisation or acquisition of a main home in Luxembourg or abroad.
After 10 years, the contract may be used for purposes other than property projects.
... AND FOR YOUR LOVED ONES
What is balance-remaining-due insurance?
The home ownership savings plan also lets you protect your mortgage by balance-remaining-due insurance (link to 'focus' in retirement savings). This life-insurance product covers the amount of your loan remaining due in case of death.
What tax advantages can I benefit from?
The following investments are tax-deductible:
- Payments devoted to home ownership savings plans
- The interest credited to the home ownership savings account on 31.12
- Any insurance premiums
A strong partner – high-performance savings
Foyer is associated with the German group Bausparkasse Schwäbischhall, expert in home ownership savings plans, in order to provide you with the experience and know-how of more than 14,000 staff throughout the world.
Ask your agent for advice or call 437 43 43.