NN Strategy fiscal - Pension Savings (branch 23)

NN Strategy fiscal - Pension Savings (branch 23)

NN Strategy fiscal - Pension Savings in branch 23, offers you the possibility to build up a savings ‘pot’ as a supplement to your statutory pension. This Branch 23 investment also gives you a possible higher return than classic savings products. And depending on your personal situation, you can also enjoy a tax benefit.

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Save to supplement your statutory pension


The possible long-term prospect of high returns


Combine it with fiscal long-term savings and various pension solutions for everbody


Depending on your situation, you may receive a tax benefit

View your NN Strategy contracts via the NN Connect-app

Did you know that from now on you can also monitor your NN strategy contract(s) in the NN connect application?

  • View your assets, wherever you are and whenever you want
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NN Strategy Pension Savings is a Branch 23 product aimed at building up a supplementary pension in a tax-efficient way. This policy is perfect to be combined with long-term savings. The tax benefit is 25% or 30%.
The aim of the NN Life Patrimonial Future Fund is to offer added value in the medium and long term on the amounts deposited into your policy, as a result of the investment opportunities on the financial markets. You benefit from the professional management of portfolios of securities and/or liquid financial assets. The spread of the portfolios that constitutes the funds is designed to limit the risks inherent of each investment, albeit without excluding them completely. As a result, NN Insurance Belgium nv is unable to guarantee a return and the financial risk will be borne by the policyholder.
More details are available in the Management Regulations and the NN Strategy fiscal Management Regulations and Financial information sheet

Who is it for?

This insurance policy is aimed at natural persons aged between 18 and 64 who wish to invest their money in a Branch 23 fund.  This policy is also intended for customers wishing to enjoy a tax benefit in the context of the pension savings. Retail investors should be aware that their policy will be paid out at the earliest on their 65th birthday, provided the policy has a minimum term of 10 years. It is only possible to take out this policy if the policyholder's legal place of residence is in Belgium. Proof of residency can only be provided by presenting a Belgian identity card or resident's card.
There is no capital protection and the retail investor must be prepared to bear the risk.

Who is it not for?

NN Strategy is not subject to the regulations of the United States of America (USA) regarding the trading of securities, nor to the supervision of the US financial regulator, Securities and Exchange Commission (SEC).  For this reason, transactions linked to investment funds (Branch 23 products and cover) are not suitable or intended for individuals who may be qualified as a "US Person" in the broad sense. Click here for more information.

  • Possible tax benefit
    NN Strategy is an individuals Branch 23 life insurance policy designed to build up a supplementary pension. You may possibly be eligible for an annual tax benefit of between 25% and 30%.
    There are also no premium taxes. See here for the maximum tax benefit that you can save.
  • Potentially higher return that classic savings products
    Your premiums will be invested in our NN Life Patrimonial future fund. In the long term, this may give the prospect of a potentially high return.
  • Save at your own pace
    You don’t have to make a deposit or save the same amount each year. You can opt for monthly, quarterly, six-monthly or annual deposits.
  • ​​​No guaranteed return
    The Branch pension savings policy does not offer a guaranteed return or capital. The return you earn is determined by the performance of the investment fund. The return on this fund depends on movements on the stock exchange.
  • If you can or wish to invest in investment funds for a short period, there is a financial risk attached. That risk is borne in full by the policyholder. By saving periodically in your pension plan, you can spread the investment of your money over time. Important: The insurance company offers neither a capital guarantee nor a guarantee on the return of the Branch 23 part.  As a result, the policyholder may receive back less than the initial investment. The financial risk linked to the Branch 23 policy is borne in full by the policyholder.


  • Solvency risk: life insurance policies constitute, for each individual manager, a special asset that is managed separately within the assets of the insurer. Should the insurer go bankrupt, this special asset is reserved as a priority for meeting commitments to policyholders and/or beneficiaries.
  • Market risk: this is the risk of loss that may be caused by the price fluctuations of financial instruments in a portfolio.
  • Liquidity risk: this is the risk of loss that occurs when unfavourable market conditions affect the ability to sell (illiquid) assets.
  • Interest rate risk: this is the risk of loss that occurs as the result of changes in the interest rates on the valuation of financial instruments in a portfolio.
  • Credit risk: the risk that a borrower does not pay back the loan (in full). This can have the effect of generating a loss on the value of the portfolio.
  • Exchange rate risk: the risk that can occur as the result of the effect that fluctuations in exchange rates have on the valuation of financial instruments in a portfolio.
  • Political risk: the value of an investment falls on account of the instability of political changes in the country(ies) where the investment has been made.
  • Operational risk: the risk of direct or indirect loss as the result of inadequate or failing processes related to determining the net asset value of a portfolio.

Discuss your investor profile with your broker. This is essential for investing sensibly.

Tax matter

You receive a tax benefit of 25% or 30% on your premiums if you meet the conditions set by law. The percentage depends on the total of your premiums paid in the tax year.
The tax system that applies to your policy depends on your tax situation. This can vary over time.
You do not pay any premium tax.

54 years of age: an age to remember!

With policies taken out before the age of 55, at the age of 60 you pay a one-off release tax of 8%. This means that in the 5 years afterwards, you no longer pay tax on your premiums and yet still enjoy a tax benefit.

The payments made up to and including 31st December of the year in which you turn 64 are also eligible for the tax reduction.

Still no pension savings policy in place by your 54th birthday? Then that is the time to speak with your broker.

These rules apply in accordance with current tax legislation and are subject to change in the future. 
In the event of changes to the tax rules, NN Insurance Belgium nv cannot be held liable for the consequences. 
Tax treatment depends on the individual situation of the customer and may change in the future. 
Wherever reference is made to a tax system or regime, this needs to be understood as the tax system or regime that applies to an average retail customer living in Belgium in the capacity of a natural person (private individual).

Charges and premiums


- Minimum 40 euro per month

- Maximum: set by law. View the current fiscal maximums.


Entry fees

Maximum 4.5%: 0.5% on all premiums for the company and a maximum payment of 4% on each premium for your insurance broker.

Management fees

Maximum 1% per year. These fees are deducted at the unit value by the fund manager.

Exit fees

  • Early withdrawal from the policy may result in a penalty, based on tax law. (The tax penalty may be as much as 33.31% of the surrender amount).
  • There are no exit fees if the total of the surrender amounts is not greater than the value of the policy
  • You pay exit fees of 4.8% on the portion above the 10%. These decrease by 0.1% for each month elapsed, from the start of your policy.

From year 5 onwards, there are no further exit fees.

Important documents

It is necessary to read the following documents before purchasing, subscribing, accepting, signing or opening an NN Strategy contract;

Any other questions? Your broker will be happy to advise you.


Algemene voorwaarden NN Strategy Fiscaal (vanaf 01/10/2022)


Financiële infofiche NN Strategy fiscaal (vanaf 01/04/2023)


Beheersreglement NN Strategy fiscaal  21/06/2022


Document van voorafgaandelijk akkoord voor het verhoogd bedrag van 1.270 euro (pensioensparen)


Precontractuele info duurzaamheid NN Life Patrimonial Future Fund


Web info duurzaamheid NN Life Fund Patrimonial Future

View your NN Strategy contract(s) in the NN Connect-app

  • View your assets, wherever you are and whenever you want

  • View your transactions
  • Find the contact details of your broker immediately



Find out more about NN Connect

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Legal information

  • NN Strategy is a life insurance policy consisting of investment funds (Branch 23) with no capital guarantee. It is a product from NN Insurance Belgium, a company incorporated under Belgian law.
  • Applicable law: Belgian law
  • Term: minimum 10 years.
  • Before signing up as a customer to the NN Strategy product, it is important to read through the documentation about this specific product. View the documents under “Important documents” on this page.
  • Exclusions and restrictions: For this product, the Branch 23 part is not suitable for US Persons. NN Belgium does not act with regard to the Branch 23 part under the supervision of the US regulator, the SEC. Click here for more information. 

If you have a complaint about your NN policy, please contact NN, Quality Care Center, 38 Fonsnylaan, 1060 Brussels. Send an e-mail in the first instance to klachten@nn.be. Or contact the Consumer Ombudsman Service at the Insurance Ombudsman, 35 de Meeûssquare, 1000 Brussels. Tel: +32(0)2 547 58 71, fax: +32(0)2 547 59 75, info@ombudsman.as, www.ombudsman.as. It is also possible at all times to take legal action.

Your unique life deserves a personal approach. That is why we are happy to help you find an independent broker in your area