The impact will be noticeable in two areas:
1. Insurance tax on non-life insurance
On 1 April 2026, the general insurance tax will rise from 9.25% to 9.6%. This increase will make your insurance slightly more expensive.
Exceptions:
- Specific insurance taxes whose rate differs from the standard percentage will remain unchanged. This applies to life and death insurance, occupational accident insurance, boating and vehicle insurance and loan insurance, for example.
- Again, nothing will change if your insurance is tax-exempt.
2. Securities tax on Branch 23 funds
The tax on securities accounts is currently 0.15% and will rise to 0.30% in 2026. Savers who invest through Branch 23 insurance funds will indirectly bear the cost of this higher tax, even if they don’t have a multi-million securities account. This is because the increase is charged on the insurer’s securities account, which often exceeds 1 million euros.
On 1 April 2026, we will adjust the premium and cost structure to reflect the new regulations. This applies to your insurance policies maturing on or after 1 April 2026, or any other direct payment you make to us (such as a fee) from that date.
Points to consider:
- Have you already paid your annual insurance premium on 1 January? If so, nothing will change this year. The increase will take effect on 1 January 2027.
- Anyone who opted to pay their insurance premium monthly will see an increase in the tax rate on their premiums starting in April 2026.
At Vanbreda Risk & Benefits, we are committed to maximum transparency. The applicable tax rate will therefore always be shown on the premium notifications and fee notes you receive from us.
Get ready for this change in good time.
- Check your current policies: which insurance tax (9.6%) or securities tax (0.30%) applies?
- Consult us: we are ready to answer your questions and provide advice.
Contact your regular contact person at Vanbreda.
