Clculators

Clculators

How much income tax do I save?

This calculator will help you find out how much income tax a year you can save if you insure with a voluntary pension fund or make contributions for life insurance.

Type of contract
Annual income
BGN
Supplementary voluntary pension insurance
Periodicity of contribution
Amount of contribution


Life insurance
Periodicity of contribution
Amount of contribution


ДДПО
Максимална годишна сума облекчения
150 000 лв.
ДДПО
Спестен данък
550 лв.
Животозастраховане
Максимална годишна сума облекчения
150 000 лв.
Животозастраховане
Спестен данък
550 лв.

ОБЩО
Спестен данък

1100 лв.

Important Note!

The calculations are given by way of example and do not guarantee future results. They are developed under the following conditions and assumptions:

  • Maximum insurance income of BGN 3,000 (for 2019)
  • Tax concession of up to 10% of the yearly tax bases for contributions for voluntary pension insurance and up to 10% of the yearly tax bases for contributions/premiums for life insurance according to Personal Income Tax Act (in force as of 01.01.2017).
  • The amount of social security contributions for civil contracts includes the contribution for "General Illness and Maternity" (1.4%).
  • The calculations on the basis of the lease agreements are developed, assuming that the person has no other type of income during the year and 8% health insurance contributions are charged.

The result obtained depends on the data you provided. It can’t serve in a direct or indirect way, as a legal, financial or tax advice and should be discussed with an expert before a decision is made. Each investment bears risks and results achieved in the past do not guarantee present or future investment performance.

Last update: 09.08.2019