R-Junior Insurance and savings account

You are a parent and want to set up a savings plan for your child while reducing your tax burden: our R-Junior product, offered in partnership with Raiffeisen Vie, is just what you are looking for.

Your benefits

Guaranteed capital at term

Security in the event of death

Free choice of beneficiary

Tax incentives (art.111 L.I.R.)

Deductible amounts

R-Junior premiums are deductible up to the basic limit stipulated in article 111 L.I.R. (672 EUR/person). The minimum policy term is 10 years.

Capital paid out on maturity exempt from income tax.

Situation	Maximum annual deductible amount
Single person without children	672 EUR
Single with 1 child	1,344 EUR
Childless couple	1,344 EUR
Couple with 1 child	2,016 EUR
Couple with 2 children	2,688 EUR
Couple with 3 children	3,360 EUR
Additional children	672 EUR per child

N.B.: the upper limits refer to the total of all deductible insurance premiums.

The table below gives an indication of the overall tax impact, depending on the term of the R-Junior policy and the marginal tax rate.

Years	Marginal tax rate
	22%	32%	39%
10 years	+/- 1,600 EUR	+/- 2,300 EUR	+/- 2,800 EUR
20 years	+/- 3,200 EUR	+/- 4,600 EUR	+/- 5,600 EUR
25 years	+/- 4,000 EUR	+/- 5,750 EUR	+/- 7,000 EUR

N.B. Example calculation: Total tax impact of annual premiums of EUR 672

Examples on the basis of the INCOME TAX BRACKETS applicable as from the 2017 tax year:

Marginal tax rate 22%

Single person with annual income of +/- 30,000 EUR
Married couple with annual income of +/- 60,000 EUR

Marginal tax rate 32%

Single person with annual income of +/- 39,000 EUR
Married couple with annual income of +/- 78,000 EUR

Marginal tax rate 39%

Single person with annual income of +/- 48,000 EUR
Married couple with annual income of +/- 96,000 EUR

Terms of the savings plan

R-Junior covers the key aspects of security and savings. The capital is paid out to the beneficiary on the agreed date, regardless of whether the insured party is still alive or not.

R-Junior is also the right choice if you want to insure your children’s future.
In the event of death of the insured party, Raiffeisen-Vie:

Pays out the insured capital to the beneficiary
Pays the remaining premiums until the contract expires

Note: if the insured party dies, the capital is therefore paid out twice: once on the death of the insured party and again at the term of the policy.

R-Junior Insurance

To set up a savings scheme for your children and grandchildren while reducing your tax burden, get in touch with a Raiffeisen advisor.

Choose your beneficiary

The R-Junior policyholder is free to choose who will benefit at the policy term or in the event of death.

Technical characteristics

R-Junior may be a single-life or joint policy. In a joint policy, the death payment is made for the first death of the two insured parties.
The age at the start of the policy is set with reference to the closest birthday to the date on which the policy takes effect.
Minimum subscription period: 10 years
Maximum age at term:
- Primary cover: 75
- Additional cover: 65 (50 for disability due to illness)
Minimum periodical premiums: €50 per month or €600 per year,
Premiums payable on the dates set in the agreement
Possibility of depositing an amount of your choice/single premium payment: no
Minimum capital at term: €8,000
Reset option: yes

Transactions during the life of the policy

Conversions, reductions, policy loans and cash surrender are always possible, subject to the conditions and limits set out in the policy’s general terms and conditions. In the event of a reduction in the policy, the additional cover is cancelled.