producten pensioen Deferring your pension

Deferring your pension

Is your retirement date approaching, but do you not feel ready to stop working just yet? The good news is most pension schemes allow you to defer your pension for up to five years after reaching the statutory retirement age. You can find out whether this applies to your pension scheme by consulting the pension scheme rules. The pension scheme rules can be accessed by visiting Pension 1-2-3 (in Dutch) or by asking your employer for them.

Part-time retirement

You have the option of taking part-time retirement on the retirement date. This means you will continue working a few days a week after your retirement date has officially passed. It goes without saying that this will affect the level of your pension. You will, after all, be deferring a portion of your pension, while being paid out the remaining portion. You can opt for part-time retirement for up to five years after reaching the statutory retirement age. You will, however, need your employer’s approval if you wish to take up partial retirement.

Pension deferral and the Dutch Tax and Customs Administration

You pay income tax on the pension you receive. If you defer your pension, this will affect your pension level as well as the age at which your pension comes into payment. This may mean you end up paying a different tax rate. The amount of income tax you will ultimately pay depends on several factors, such as your total income level, the income type and whether your pension comes into payment before or after you start receiving the state pension (AOW).

Find more about income tax (in Dutch).

How do you defer your pension?

If you wish to defer your retirement date, or if a new retirement date has been set and you would like to inform us of this, please complete the Request retirement date amendment form and return it to us. We ask you to do this as soon as possible. We will need to have received the form one month before the pension comes into payment, at the very latest.

Please note: You can defer or exchange your early retirement pension if:

  • your employer has approved. It will be required to confirm your continued employment by completing this form (in Dutch).
  • you continue your employment, as specified in the pension scheme, after the early retirement date. This means you will continue to work the same number of hours.
Find out more about early retirement.

What can you expect from us?

You will receive a letter from us six months before your pension comes into payment, reminding you that you can choose to defer your pension. You will then receive another letter from us three months before your pension comes into payment, specifying the level of your pension capital and explaining the options available to you with respect to your pension.

Consult an independent adviser

It can be tricky trying to decide whether a specific course of action is advisable in your particular situation. If you require assistance in this decision-making process, please contact an independent adviser. He or she is there to give you customized advice. Please be sure to discuss in advance what your adviser will charge for this service and if any additional services are required and what they entail.

Any other questions? 

Please do not hesitate to contact us if you have any other questions We are available on +31 (0)30 257 42 66 on working days from 8 a.m. to 5:30 p.m. Alternatively, you can complete the contact form. We will be pleased to help you.