Individual savings plans

Regulations: Art. 7.y) and Third Additional Provision of the Law PIT

Income that is made manifest at the time of the tax is exempt. creation of insured life annuities resulting from individual systematic savings plans referred to in the Third Additional Provision of the Law of PIT, as well as in the transformation of certain life insurance contracts into individual systematic savings plans in the terms and with the requirements established in the fourteenth transitional provision of the Law of PIT

See Chapter 5 for comments on individual systematic savings plans.