Important clarification on the calculation of the tax saved

Calculations are approximate and do not guarantee future results. They have been developed under the following conditions and assumptions:

• Maximum insurable income - 3 400 BGN (for 2023).
• Tax relief of up to 10% of the sum of the annual tax bases for personal contributions for supplementary voluntary insurance paid during the year and up to 10% of the sum of the annual tax bases for premiums/contributions for life insurance paid during the year under the basic coverage, in accordance with the Income Tax Act in force from 01.01.2017.
• The amount of insurance contributions for civil contracts includes a contribution for "General sickness and maternity" (1.4%).
• The calculations based on rental contracts have been developed assuming that the person has no other type of income during the year and 8% health insurance contributions are charged.

The result is dependent on the data provided. It cannot serve, directly or indirectly, as a legal, financial or tax advice and should always be discussed with a qualified professional when making financial decisions. Every investment carries risk and past performance is no guarantee of present or future investment performance.