Home producten pensioen Fixed pension with an average or final pay scheme

Fixed pension with an average or final pay scheme

If you are retiring on an average pay scheme or a final pay scheme, the exact level of your pension will have been fixed for your retirement date. We will provide further information about your pension coming into payment and the options available to you about eight months before the retirement date. We recommend preparing for your retirement in a timely manner, which is why we have created this information page for you. 

Be well prepared

  • Keeping track of your pension situation toon

  • Commuting a small pension toon

  • Deferring your pension toon

  • Merging pensions toon

What options are open to you when you retire?

Your pension will come into payment on the retirement date specified in your pension scheme. This pension along with the state pension will comprise your monthly income once you retire. If you have accrued a partner's pension, your partner would receive this partner's pension upon your death. You will receive a letter from us three months before you retire, specifying the level of your pension and the extra options available to you: 

  • Converting your pension toon

Please tell us what you would like to do

You will receive a letter from us three months before your pension comes into payment, specifying the exact pension sum you will receive. This letter will also tell you how to inform us of any decisions you make and will ask for your details so that we can pay out your pension to you. 

If we receive your details before your retirement date, you will receive your first pension benefit around the 25th of the month. 

Your pension and the Dutch Tax and Customs Administration

You pay tax on the pension you receive. We would like to point out that the amounts specified in our communication with you are gross amounts. The actual pension sum specified on your bank account will therefore be lower as payroll tax and social insurance contributions will be deducted from this sum. We will send you an annual statement for the past year in January, which you can use for your income tax return. 

Tax credit

We do not factor in tax credit when deducting tax from your pension. Everyone is entitled to this form of tax relief. However, it may very well be the case that we are not the only provider you are receiving an income from in the form of a state pension or pension. In other words, you may owe the Dutch Tax and Customs Administration money after filing your tax return if other insurers or bodies are factoring in tax credit. If you would like us to apply tax credit to your pension sum, please complete the form entitled Model information statement for tax credit form (Model opgaaf gegevens voor de loonheffingen – in Dutch) and return it to us. 

Any other questions?

If you have any questions, please feel free to contact us at any time. We are available by telephone on business days from 8 a.m. to 5:30 p.m. on +31 (0)30 257 44 00. Or, if you prefer, you can contact us by using the contact form. We are happy to help in any way we can.