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Fiscal old-age reserve
The fiscal old-age reserve (FOR) is a tax facility that offers the option of reserving part of the profit each year for your old-age provision.
By making use of this option, part of the annual profit remains untaxed, so that you have to pay less income tax. The formation of the old-age reserve leads to deferral of taxation. This gives a liquidity advantage. However, no money is set aside due to the formation of the old-age reserve.
Read more on the acconâ– avm website.
White paper Fiscal old-age reserve
How does the old-age reserve work and what are the conditions? What does it mean for you as an entrepreneur? You can read it in the white paper Fiscal old-age reserve. Request the white paper here.
Consult your advisor
Whether forming the FOR and using it for an old-age provision is always beneficial for you depends on your personal situation. Always seek advice from your acconâ– avm adviser. Check out our contact page for a office near you.
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