Transfer pension capital

In many cases, you don't necessarily have to purchase your retirement income from the pension provider where you've built it up. So, check if you have the right to shop around. Got the right to shop around? Then you can compare the terms of various pension providers to find a suitable pension. You decide what's important to you and which pension provider ticks all the boxes: for instance, the amount of pension income, the terms, the convenience, or sustainability. A financial adviser can assist you in determining which pension best fits your personal circumstances.

If you want to consolidate various pension pots into a single pension income, you can add pots up until your retirement date. It's crucial that all these pension pots start on the same date. Why? When calculating your total pension income, we take into account the rate at that time. You'll find the rate in the proposal, and it's locked in for up to 14 days after your retirement date once you sign. This means that the pension pots you want to transfer to Zwitserleven must be handed over to us within those 14 days.

The quote you receive from us is valid for a maximum of 14 days after your retirement date. The pension pots you wish to transfer to Zwitserleven must be received by us within those 14 days. Therefore, make sure to upload the signed transfer form as soon as possible. Below, you will find the consequences if your pension pots are not received by us on time. We distinguish between two scenarios:

• A) the scenario where the pension capital consists solely of pots previously built up elsewhere, and
• B) the scenario where your pension capital also includes one or more pension pots with Zwitserleven.

My pension savings have been accumulated with a different pension provider.

Are all your pension pots received by us no later than 14 days after your retirement date? If so, we will determine your final pension capital and the corresponding pension income. If not all pots are in by then, the rate from our previous quote will expire. Once we have received the total pension capital, we will send you a new quote at the current rate. This rate may be higher or lower than the previous one. Please be aware that this will also mean you'll receive your pension income at a later date.

My pension savings have been accumulated with a different pension provider and with Zwitserleven

If we have not received the total pension capital within 14 days after your retirement date, we will calculate your pension income based on the pension capital at Zwitserleven (and any pension pots that have already been received) using the rate from the quote. This ensures that you will receive pension income in the month following your retirement date. Pension pots that arrive later cannot be added. You will receive a new quote for these at the current rate, which may be higher or lower than the previous rate. You will also incur distribution costs and policy fees again. This pension income may be received at a later date.

Zwitserleven checks whether your application for capital transfer is complete. Only then can we request your pension provider to initiate the transfer. Is it difficult for you to arrange the capital transfer application yourself? Then consult an adviser. He will be happy to help you carefully complete the application.

Zwitserleven, like other pension providers, adheres to the Protocol for Streamlining Capital Transfers.