More certainty with PensioenZekerheid
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. You will only know how much your pension will be at that time. And that can create uncertainty. Zwitserleven has a solution for this: PensioenZekerheid.
What is PensioenZekerheid?
Your pension scheme includes choices you can make that may affect your pension income. If more certainty is important to you, PensioenZekerheid could be an option. With PensioenZekerheid, you use part of your pension capital each month before your retirement date to purchase a guaranteed old-age pension and partner's pension. You can do this from 15 years before your statutory retirement age. You will then receive this guaranteed amount in pension income every month from your retirement date onwards. This is known as a deferred fixed pension.
Good to know
- PensioenZekerheid is available in all investment forms: HorizonBeleggen, ProfielBeleggen and VrijBeleggen.
- Zwitserleven offers you two choices:
1. You can convert a fixed amount of your pension capital into a guaranteed old-age pension and partner's pension. You decide when and how often you wish to do this.
2. Each month, you convert a fixed percentage of your contribution into a guaranteed old-age pension and partner's pension. You activate this option once. Your choice will remain valid until you change it. - For Zwitserleven PPI pension schemes, a lump sum is the only option permitted by law. You have the option of purchasing a guaranteed old-age pension and partner's pension from a pension insurer such as Zwitserleven.
How to proceed
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Explore the possibilities
You can see the effects of the various options for your personal situation in MijnZwitserleven.
View your options in MijnZwitserleven -
Would you like to make use of PensioenZekerheid?
Please contact us. We will be happy to make a proposal for you.
Request a free proposal
If you do not make a choice
PensioenZekerheid will not be activated if you do not make a choice. You can change your choice at a later date.
When to choose PensioenZekerheid?
There are advantages and disadvantages to PensioenZekerheid. Whether it is right for you depends on what is important to you. And the options you have in your pension scheme. The overview below shows the situations in which you could consider PensioenZekerheid.
Pros
- You get increasing clarity and certainty about the level of your pension income as you approach your retirement date.
- From your retirement date, you will receive the same amount of pension income each month for the part of your pension capital you have converted into a guaranteed old-age and partner's pension.
- You are free to stop PensioenZekerheid in the interim. This will then apply to the pension capital that has not yet been converted into a guaranteed old-age and partner's pension.
Cons
- The amount of the guaranteed pension depends largely on the pension rates at the time of this pension is purchased. The pension rates may be more or less favourable at that time.
- If you choose to convert a fixed amount, you will pay a one-off €1,000 fee the first time. So for a low fixed amount, the initial cost is relatively high. So always look at the cost of conversion to determine whether converting part of your pension capital suits your situation.
- Your guaranteed pension will not be adjusted in line with price increases (inflation). When life gets more expensive, your pension income does not increase accordingly. Over the years, your purchasing power decreases and you can buy less and less from your pension income.
- You will no longer be able to invest or purchase a variable pension with the part of your pension capital you have converted into guaranteed old-age and partner's pension.
- If you pass away before your retirement date, your previously purchased guaranteed old-age and partner's pension will lapse, as this only comes into payment after your retirement date.
- The part of the pension capital with which you opt for PensioenZekerheid can no longer be used for partner's pension insurance if you leave employment with your employer.
May suit you if you:
- want increasing clarity and certainty about the level of your pension income.
- already know that you want a fixed retirement income from your retirement date for part of your pension capital.
Probably suits you less if you:
- are willing to continue investing your entire pension capital until your retirement date and thus take advantage of the opportunity for a higher pension income.
- want to continue investing your pension capital after your retirement date and thus take advantage of the opportunity for a higher pension income.
- want to fully prepare your investment mix for a variable pension now.
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.