Optimise your taxes before the end of the year: donations, housing savings, and old-age pension

The end of the year is your last chance to act on your taxes and prepare for the future. With a few simple steps, you can reduce your taxes while supporting causes that matter to you or strengthening your retirement and real estate projects. Here are three actions to consider before December 31.

Why not wait until January?

Payments made after December 31 will not be deductible for the current tax year but for the next one. In other words, if you wait until January, you lose a year of tax deduction. This can mean hundreds or even thousands of euros in tax savings postponed unnecessarily, depending on each individual’s situation.

1. Donations to charitable organizations

Donations made to approved associations are tax-deductible. To qualify, the annual amount must reach at least 120€ and cannot exceed 20% of your net income or 1.000.000€.
Making a donation before the end of the year allows you to support an important cause while reducing your taxes.

2. Old-age pension contract

Whether you already have a contract or wish to open one, contributing to your retirement savings contract before the end of the year gives you a tax deduction of up to 3.200€ for yourself, and up to 3.200€ extra for your spouse or partner. This not only provides an immediate tax benefit but also gradually builds capital for your retirement.

3. Housing savings

You can also boost your housing savings, either by making payments into an existing account or by opening a new contract. Contributions qualify for a tax reduction and help prepare for a future real estate project. Depending on your situation, the tax deduction can reach 672€ per household member, and even 1.344€ if the account holder is between 18 and 40 years old at the beginning of the tax year.

Learn more

If you want to discover all the possibilities to optimise your taxes, reduce your taxes, and efficiently plan your financial projects, we invite you to consult our complete guide on tax optimisation. You will find practical advice, detailed explanations of available solutions, and information on opening a new contract. For more information, visit: Tax Optimisation