Can I still have a pension savings plan after age 60?

Absolutely. But you must therefore distinguish between continuing to make payments after age 60 towards pension savings insurance which you have had for many years, and wanting to start a pension savings plan after age 60.

Continuing payments after age 60 

If you took out a pension savings contract before age 55, an advance payment will therefore be made at age 60. This is the 'final taxation'. In this case, the calculation will vary according to whether it is pension savings insurance or a pension savings account. In either case, this payment will be a discharging payment, in the sense that the capital will no longer be taxed afterwards. And unquestionably, this opens up prospects, as it means that you will still receive a tax benefit for the payments made after age 60, but will no longer pay taxes on the capital earned. You therefore benefit in two ways.

If you started a pension savings plan after age 55, the final taxation will take place on the 10th anniversary of your contract.

Starting after age 60 

This is possible, but you must be careful.

A pension savings contract must exist for at least 10 years. If you take it out at age 61, you will therefore have it until you are aged 71. You will only be able to pay premiums with a tax benefit up to and including the year you turn 64. If you start a pension savings plan when you are aged 61, you will only be able to make a maximum of four fiscally advantageous payments. 

The final taxation will take place when you turn 71. If you withdraw the money more than five years before the expiry date of your contract, you will pay 33% taxes.

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