Your income for later
It may still be a while before you can stop working. Nevertheless, you would be well advised to start looking into your pension, your income for later. In the Netherlands a pension consists of 3 pillars: your pension from the government, from your employer and accrued through insurance or bank savings products by means of which you make individual arrangements for your retirement income.
1. The government: state pension
Everyone who lives in the Netherlands receives a basic pension via the Dutch General Old Age Pensions Act (AOW). This is paid monthly by the Dutch Social Insurance Bank (SVB). You will receive this when you reach the state pension age. Check out what your state penson age is here .
2. Employer: old-age pension
Most employees accrue pension through their employer. The employer often pays a part of the pension contribution, while you pay the other part from your (gross) salary. Check out MijnZwitserleven to find out how much pension you are now accruing and your expected retirement income. On Mijnpensioenoverzicht.nl you will find an overview of all pensions. Also what you have accrued with previous employers.
Within your pension scheme, you can make choices that may affect your income for later. Check out the options below. Options may be different per scheme.
3. Individual: your supplements
In addition to the state pension and your old-age pension, you can supplement your future retirement income. For example, by means of savings, investments or banking annuities. Please consult your adviser to find out more about the options available to you.
Individual options within your pension scheme
Pension supplementation
Accrue extra retirement income by making an additional contribution each month or by making a single payment. Your employer will withhold this sum from your gross salary.
Changing your investor profile
Check out your current investor profile. You decide (depending on your scheme) whether you want to run a higher or lower risk when investing your pension contribution.
Choosing your retirement date
Would you like to retire earlier or continue to work a little longer? In that case, you can either bring your retirement date forward or postpone it.
Combining your pensions
Do you want to combine your pensions? In that case, you should apply for a transfer of accrued benefits and see if it is actually worth it in your case.
More certainty?
Do you want more certainty about the amount of your retirement income? Go for ZekerheidZwitch.
Registering a partner
If you are cohabiting, you can register your partner for the partner's pension. If you are married, you don’t have to do this.
What does my pension scheme involve?
Your Pension 1-2-3 provides simple and tiered information about your pension scheme. The following important questions will be answered:
- What does and doesn't my pension scheme offer?
- How do I accrue a pension?
- What choices do I have?
- How secure is my pension?
You can find your Pension 1-2-3 under Documents in MijnZwitserleven.
Personal advice?
An adviser will give you independent advice on making the pension choices that suit your personal situation.