This is an example of the Luxembourg State Pension analysis I offer on a no-obligation basis.

1. Report
Prepared for
Mr E

2. Date 28/05/2010
CLIENT INFORMATION
Client Name Mr E
D.O.B & Current Age 01/05/1972 38
Selected Retirement Age 58 - 65
SALARY INFORMATION
Current Annual Salary (approximately) €58,140 approx
Expected Lifetime Earnings at age 58 €1,760,168
Expected Lifetime Earnings at age 62 €2,116,246
Expected Lifetime Earnings at age 65 €2,402,438
(We have assumed: Mr E’s income will increase every year by 2%
Mr E earned €347,519 between 2001 & 2009 )
PENSION INFORMATION
Earliest State Retirement Age 58
(Assuming you were in full time education up to age 27 and have always
worked in the EU).
Monthly Pension Required in today’s €3,876 gross
terms – 80% of current salary
Monthly Pension Required at age 58, €5,760
assuming 2% inflation
Monthly Pension Required at age 62, €6,234
assuming 2% inflation
Monthly Pension Required at age 65, €6,615
assuming 2% inflation
STATE PENSION AVAILABLE IN RETIREMENT
Monthly State Pension Available age 58 €3,222
Shortfall €2,538
Monthly State Pension Available age 62 €4,384
Shortfall €1,850
Monthly State Pension Available age 65 €5,353
Shortfall €1,262
(This is based on current rules)

3. SO WHAT DOES THIS MEAN TO YOU?
To be able to retire on 80% of your current salary:
Investment Growth Rate
SRA 5% 7% 9%
58 €1,503 €1,250 €1,030 Monthly premium you
62 €765 €602 €477 would have to allocate
65 €425 €324 €247
(SRA – Selected Retirement Age)
ASSUMPTIONS
This report is based on our current understanding of the Luxembourg State
Pension System after our own research and our meetings with CNAP, (the
Luxembourg Pension Office).
We have assumed that the calculations used in the future will be the same
calculations they use now.
WARNING
We do not expect the Luxembourg State Pension to remain at the current
levels in the future and the calculation they use can change at any time,
subject to legislation.
Report provided by: Michael Doyle BSc FPC
The advice and recommendations contained in this report are based on The Spectrum Group’s understanding of
current legislation and may be subject to change. No liability can be accepted for any change of interpretation or
practice relating to any tax or legislative measure or the introduction of any new measures that may affect this advice
and recommendations.
Signed on behalf of client Signed on behalf of TSG Insurance Services