JEL classification

Tax expenditures for second pillar pensions in Belgium - An analysis of the size of public subsidies for employees and the self-employed [11/05/2021]

The debate on the affordability of pensions is mostly limited to legal pensions while thus far, the affordability of supplementary pensions has hardly received any attention. Nevertheless, an increase in these pensions also affects public finances considering the lower government revenues that result from the various tax incentives used to promote supplementary pension saving. In this report we calculate the total impact of tax incentives for second pillar pensions on Belgian public finances.