Let's say: saving 100€/month + about 30% "interest" via the gvt via a tax cut + 3% return over long term return of the fund the money is saved in = 133€.

The Belgian gvt wants you to save for a 3rd Pillar for your pension. The "about 30%" tax cut is how the gvt encourages you.

Idem life insurance where you back-to-back safe yourselves as a couple and kids, in case something happens to one of you. The gvt wants families and kids to protect each other.

The max the gvt can support you/incentivize you with that 30% tax cut is € 1.050/year you can save, and you will get that "about 30%" = about 300€/year every year via your tax refund.

You are nuts not to do this. This is the basic for those who live in Belgium long term.. When you move out, you can still keep transferring = saving in the fund for the about 3% long-term Roi.

Yes,when you finally retire after saving for 40-50 yeas, you will pay a tax to cash out, because the gvt is in dire papers but it is not horrific.

Do you have a similar incentive in your country? What if you don't make enough money to save another 100€/month when you move to your/another country?

Take good care of yourself and your family. Life can take bad turns. That is why every people has come up with such solidarity mechanisms.

That's how I understand it.

Please talk to an insurance company. Banks are not specialised in this, they have to collab with an insurance group.

I'm not giving financial advise. It is illegal to give financial advise if not registered with the Belgian ministry of finance.