Abolishment of the life course savings scheme

Since 1 January 2012, it is no longer possible to participate in life course savings schemes. Deposits under 3 thousand euros on 31 December 2011 were made available on 1 January 2013 and will be paid in the course of the year. By offering them tax advantages, the government will try to persuade participants to terminate the life course savings scheme. Participants with 3 thousand euros or more in their life course savings account can benefit from a tax advantage in 2013 and withdraw the entire amount in one go. Participants can also decide to continue saving until the expiring date 31 December 2021.