If I have life insurance or individual annuity ins | FAQ

Search by Category > Preferential Tax Treatments > If I have life insurance or individual annuity insurance, can I still deduct the full amount of my contributions for an individual-type DC (iDeCo) from my in...

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No : 1543
Displayed Date : 2024/02/19 18:39
Updated DTM : 2024/02/20 18:16
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If I have life insurance or individual annuity insurance, can I still deduct the full amount of my contributions for an individual-type DC (iDeCo) from my income?

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Search by Category > Preferential Tax Treatments

Answer

Premiums for life insurance and individual annuity insurance are subject to deduction for life insurance premiums (or deduction for individual annuity insurance premiums), which are not related to income deduction applied to contribution for individual-type DC (iDeCo). Therefore, the full amount of contributions for iDeCo is subject to income deduction.