What is Paying in extra contributions?

If you think you will not have enough income on your retirement date, you can choose to deposit extra money for your Persoonlijk Pensioen Plan. This allows you to build up extra pension, for yourself and for your partner when you die.

You can read here how Paying in extra contributions for your pension works. Check out the worked examples too and how you can determine whether this is a favourable solution for you.

Are you interested

Soon you will be able to indicate in mijn.nn that you would like to pay in extra contributions. You can then see how much extra you can deposit and calculate what you can expect to receive from a particular contribution.

If you like to receive a message when you can arrange this in mijn.nn, send an e-mail to ppp@nn.nl. We will send you a message as soon as you can get started!

When you leave employment, you can no longer make a deposit to supplement your pensions by paying in extra contributions. The value of your investments can still increase or decrease. On your retirement date, you can purchase a fixed or variable pension benefit using your pension capital.

Occupational disability

Occupational disability If you are fully or partially occupationally disabled when you leave employment and we are paying at that time the premium for Paying in extra contributions for the part for which you are occupationally disabled, we will continue to do so when you leave employment. A change in your occupational disability may affect the contribution we pay for you. This will have consequences for the level of your pension. The pension regulations explain exactly how this works.

Value transfer

You can transfer the value of your investments to a new pension scheme. That is called value transfer. Our Pension Clarification Service explains whether or not this might be an interesting option for you. You can request a value transfer from your new pension provider.

Paying in extra contributions allows you supplement your retirement pension and the partner's pension by default after the retirement date. As soon as we know that you have a partner, you also supplement the partner's pension in the event of death before the retirement date.

In that case, 90% of the value of your investments within Paying in extra contributions will become available to your partner and/or children under the age of 30. They must use this to buy a pension benefit within the tax rules. This arrangement will, however, result in a lower retirement pension for you.

Any partner's pension for an ex-partner will not be included of course.

No longer in employment

If you have left employment and subsequently meet a new partner, we will again ensure by default that your partner will also receive a partner's pension if you die before the retirement date.

In that case, 90% of the value of your investments within Paying in extra contributions will become available to your partner and/or children under the age of 30. They must use this to buy a pension benefit within the tax rules. This arrangement will, however, result in a lower retirement pension for you.

Any partner's pension for an ex-partner will not be included of course.

Choice

If you do not wish to supplement the partner's and orphan's pension using Paying in extra contributions before the retirement date, communicate this to us using the ‘Death benefit before the retirement date’ change form. Your partner must also sign the form.

Remember! If you choose this option and you die before the retirement date, there will be no benefit from Paying in extra contributions for your partner and/or children, either at that time or from the retirement date.

If you opt now not to supplement the partner's and orphan's pension before the retirement date, you can change this option at a later time. In this case too, you do so using the change form.

Remember! If you start cohabiting, you must register your partner yourself with your employer or with us. Your municipality will automatically notify us of a marriage or registered partnership. After your retirement date, it will no longer be possible to register a new partner for this pension scheme.

The statutory rules for the distribution of accrued pension (Dutch only) also apply to Paying in extra contributions.

If you have opted to supplement the partner's and orphan's pension before the retirement date, this will stop automatically if your relationship officially ends. If you die before the retirement date, 90% of the value of your investments within Paying in extra contributions – up until the time that the relationship has ended – will be available to your ex-partner. This means that he or she must purchase a pension benefit within the tax rules for himself or herself and/or your children under the age of 30.

Paying in extra contributions from now on

The premium you pay for Paying in extra contributions after the end of your relationship is for:

• a retirement pension for yourself;
• a partner's pension after the retirement date for any new partner.

If you do not have a partner on the retirement date, you can convert the partner's pension into a higher retirement pension for yourself.

Do you have children aged under 30?

As long as you do not have a partner, there is no supplement to the partner's and orphan's pension before the retirement date. If you wish to arrange this for your children, complete the ‘Death benefit before the retirement date’ change form.

Remember! You must inform your employer or us of the termination of your cohabitation. Your municipality will automatically notify us of a divorce or the end of a registered partnership.

If you have a ‘waiver of contribution in the case of occupational disability’, we will pay the contribution for that part for which you are occupationally disabled. This also applies to Paying in extra contributions, but only if you have paid in extra contributions for at least two consecutive years prior to your occupational disability. We take as a basis your contribution on the day prior to your first official day of sickness according to the Dutch Employee Insurance Agency (UWV).

The UWV will inform us of any change in your occupational disability. This may have consequences for the contribution we pay for you.

The standard retirement age for Paying in extra contributions is 68. If the retirement age in your Persoonlijk Pensioen Plan is lower, that lower age will count as the retirement age.

When you retire, the value of your investments becomes available for purchasing a fixed or variable pension benefit. Your participation in Paying in extra contributions stops at that time.

Choices around the retirement date

• If you wish to take early retirement, you can no longer pay a contribution from the chosen retirement date.
• If you first wish to take semi-retirement, you can make a deposit to supplement your pensions by Paying in extra contributions. This is possible until the age of 68.
• If you take deferred retirement, you will no longer be able to deposit a contribution from the age of 68. The value of your investments in Paying in extra contributions can still increase or decrease.

If you do not have a partner on the retirement date, you can convert the partner's pension into a higher retirement pension for yourself.

For the value of your investments in Paying in extra contributions, go to amijn.nnnd then follow these steps: Go directly to > Investments for my pension.

Learn more about retiring

Before the retirement date

If you have a partner and you die before the retirement date, 90% of the value of your investments within Paying in extra contributions will become available to your partner and/or children under the age of 30. They must use this to buy a pension benefit within the tax rules.

If in the case of Paying in extra contributions you have opted not to supplement the partner's and orphan's pension before the retirement date and you die, the value of the investments will not be available to your partner and/or children.

Na de pensioendatum

After the retirement date If you also bought a partner's pension with your pension capital when you retired, your partner will receive a partner's pension after your death.

For the value of your investments in Paying in extra contributions, go to mijn.nn and click on ' Wat als ik… overlijd’ (What if I... die).

Remember! If you start cohabiting, you must register your partner yourself with your employer or with us. Your municipality will automatically notify us of a marriage or registered partnership. After your retirement date, it will no longer be possible to register a new partner for this pension scheme.