Income Tax - Reporting Life Annuities

Verified 15 April 2026 - Public Service / (Prime Minister)

You receive a sum of money paid for life? This life annuity is subject to income tax. Taxation varies according to the type of pension. We tell you what you need to know.

You must declare the life annuities free of charge received as a result of a gift or will.

They are taxed as pensions.

The tax authority automatically applies a abatement from 10% of the total amount of pensions declared by your tax home.

The amount of the allowance shall be within the following range:

  • Minimum: €454 per pensioner
  • Maximum: €4,439 by tax home.

Life annuities paid at the exit of a retirement savings product are to be declared.

They are taxed as retirement pensions.

These are annuities paid on the retirement of one of the following products:

The tax authority automatically applies a abatement from 10% of the total amount of pensions declared by your tax home.

The amount of the allowance shall be within the following range:

  • Minimum: €454 per pensioner
  • Maximum: €4,439 by tax home.

The Life annuities for consideration are to be declared.

A portion of life annuities for consideration is subject to income tax.

This part is variable according to your age at time of 1er payment annuity.

The portion that is taxable is as follows:

Tableau - Taxable portion of life annuity for consideration by age at 1er payment

Your age at 1er payment of the annuity

Taxable portion

Under 50

70%

From 50 to 59 years

50%

From 60 to 69 years

40%

Over 69 years

30%

Example :

You receive a life annuity of €2,000 per year.

You were 65 at the time of the 1ster payment of the annuity.

The taxable portion of your pension is 40%.

You must therefore declare the amount of €800.

You must indicate on your tax return the gross amount life annuities for consideration received in 2025 by members of your tax home.

The tax authority calculates the taxable portion.

Please note

The bouquet paid as part of a life annuity sale is not considered income. But it is subject to the regime of real estate capital gain. This may be exempted, in particular where the dwelling sold for life is the seller's principal residence.

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