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
• Tax-deductible

FINANCE YOUR HOME

Save time

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.

MAKE SAVINGS

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.