Self-employed workers (TNS) have specific needs in terms of social protection, particularly to prepare for their retirement. The Madelin Contract , set up by the law of the same name in 1994, allows the self-employed to benefit from advantageous retirement savings with tax deductions . Combined with retirement insurance , this contract is an essential solution to ensure a supplementary income in retirement. Find out how it works and why it is essential for the self-employed.
1. What is the Madelin Contract?
The Madelin Contract is a retirement savings product designed especially for self-employed workers (craftsmen, traders, liberal professions, majority managers of SARLs). It allows them to build up capital while benefiting from tax advantages on the contributions paid.
This contract aims to compensate for the low level of compulsory retirement for the self-employed by offering them a supplement in the form of a life annuity.
2. How does the Madelin Contract work?
The operation of the Madelin Contract is based on three key principles:
a. Regular Payments
- The saver agrees to make regular contributions , with a certain flexibility in the amount.
- The higher the payments, the greater the pension received upon retirement.
b. Advantageous Taxation
- Contributions paid are deductible from taxable income , within the limits set by the tax authorities.
- This deduction allows you to optimize your taxes while preparing for your retirement .
c. An Exit Only in Life Annuity
- Unlike the Retirement Savings Plan (PER) which allows a capital withdrawal, the Madelin Contract requires an withdrawal in the form of an annuity , thus guaranteeing a regular income until the end of life.
3. What are the advantages of the Madelin Contract?
✅ Guaranteed retirement supplement : Ideal for compensating for the low pensions of the self-employed.
✅ Attractive tax deduction : Significant reduction in taxable income.
✅ Flexibility of payments : Possibility of adapting your contribution according to annual income.
✅ Family protection : In the event of death, the annuity may be reversible for the surviving spouse.
4. Difference between the Madelin Contract and Classic Retirement Insurance
| Criteria | Madelin contract | Classic Retirement Insurance |
|---|---|---|
| Beneficiaries | Self-employed workers | All workers (employees and self-employed) |
| Exit | Life annuity only | Life annuity or capital |
| Taxation | Deduction of contributions | Tax benefits according to contracts |
| Amount of retirement | Varies depending on contributions paid | Depends on the mandatory and supplementary scheme |
💡 The tip : Combining a Madelin Contract with retirement insurance provides more comprehensive coverage , with a guaranteed annuity and the possibility of opting for a PER for a capital withdrawal if necessary.
5. Why take out a Madelin Contract with KT Assur&Bank?
At KT Assur&Bank , we support independent workers in setting up a tailor-made retirement solution :
✅ Personalized analysis : A complete assessment of your situation and your needs.
✅ Choice among the best offers on the market : Selection of contracts adapted to the self-employed.
✅ Tax optimization : Maximizing your tax reduction.
✅ Simplified management : Support throughout the duration of the contract.
Conclusion
The Madelin Contract is an excellent solution for self-employed workers wishing to optimize their retirement savings while benefiting from an immediate tax advantage . It perfectly complements a traditional retirement insurance and allows you to calmly anticipate the cessation of activity. Contact KT Assur&Bank today to find out how to optimize your retirement thanks to the Madelin Contract and benefit from tailor-made support.