Investing in life-course
As part of the Employment Conditions Selection Model (ECSM) you can select to occasionally invest tax-free in your life-course saving scheme.
Maximum 10 leave days, your holiday allowance or end-of-year bonus or salary. The salary is always an option in contrast to the other targets of the ECSM.
You may deposit in a tax-free scheme only if your have a life-course savings account. When you opt to use a money source you select a fixed amount or a fixed percentage.
If you use your holiday allowance as a source, you have to submit your request at the latest in April. For the end-of-year bonus the deadline is November.
- You do not pay taxes or social security contributions over the value of your source.
- Since the money sources decrease your salary, you do not pay social security contributions over these sources. This means that any possible unemployment or disability benefits might be lower as a result of this.
- Deposit is within two months, at the same time as your salary payment.
Click on Application Life-Course Saving Scheme (incidental) for notifying your choice.
If you have questions, contact your HR department.