Think about your preliminary choice in good time

In your pension scheme, you accrue an income for later on. If you do this through a defined contribution scheme, you will receive a fixed or variable pension when your pension comes into payment. It is important to consider this choice in good time. Because if your preliminary choice is for a variable pension, we take this into account in advance. We will then invest in a different way. We call this preparing for a variable pension income.

Your choice for a fixed or variable pension

If you are nearing retirement, Zwitserleven allows you to choose between a fixed or a variable pension, or a combination of the two. See what the difference is between a fixed and a variable pension.

  • With a fixed pension, you will receive the same amount of pension income every month. We determine this amount on the date you retire.
  • If you opt for a variable pension, you will continue to invest after your retirement date with part of your pension capital. Your pension income will be redetermined each year.

Make your provisional choice

  1. 1. Define your investor profile

    In MijnZwitserleven, you first define your investor profile. Go to ‘View investments’ and then ‘Define investor profile’.
  2. 2. Submit your provisional choice

    The next step is to indicate what proportion of your assets you wish to gear towards a variable pension income.

Change your choice

You can change your choice at a later date. If you start preparing for a variable pension income later, you may not achieve an optimal investment result. And you will pay a fee for the change.

When do you decide to prepare for a variable pension?

There are advantages and disadvantages to preparing for a variable pension. Whether it is right for you depends on what is important to you. And what options you have within your pension scheme. Therefore, first check in MijnZwitserleven which investment forms you can opt for. And whether it is possible to prepare for a variable pension.

Pros

  • During the period you are accruing capital for your pension, your investments are matched to your preference to receive a variable pension income from your retirement date.
  • With ProfielBeleggen, you decide whether you want to prepare all or part of the value of your plan assets for a variable pension. With HorizonBeleggen, we do this for you.
  • Investing means that you take more risk. This gives a chance of a higher pension income if you also opt for a variable pension from your retirement date

Cons

  • Investing means that you take more risk, as your investment risk is reduced less before your standard retirement date. This may lead to a lower pension income.
  • If you then decide to take a fixed pension on your retirement date, your investment mix until your retirement date will be less appropriate for the purchase of your pension income. On your retirement date, we sell all your risk-bearing investments at once. If the prices of these investments happen to be low at the time, we will sell all these investments at once, at those low prices. This may lead to a lower pension income.
  • You are responsible for determining an investor profile and making sure it suits your personal situation. Based on this investor profile, we invest for you in the matching lifecycle.
  • You cannot use ZekerheidZwitch for the part of the value of your plan assets you use to prepare for a variable pension. ZekerheidZwitch allows you to purchase a guaranteed old-age and partner's pension already before your retirement date.

May suit you if you:

  • plan to opt for a variable pension on your retirement date; you are willing to accept the risks involved. you consider certainty about the level of your pension income to be less important. Learn more about risk reduction in the lifecycle
  • want to take advantage of the opportunity for a higher pension income.

Probably suits you less if you:

  • plan to opt for a fixed pension now (with ZekerheidZwitch) or from your retirement date; you consider certainty about the level of your pension income to be important and are not prepared to accept fluctuations in the level of your pension income.
  • are unwilling or unable to accept the risk of a lower pension income.

Need advice on your choices?

We are happy to help you make choices for your pension. These choices may have major financial implications. Our guidance covers only your pension scheme with Zwitserleven. Whether a choice is right for you obviously depends on your whole personal situation, now and in the future.
Perhaps you should consider contacting an adviser, who can give you an overview of all your financial affairs and help you to make the most suitable choices.