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Capital pension scheme

With a capital pension scheme, you get your entire pension savings paid out as a lump sum, and you can spend the money whenever and however you want.

Since 2013, contributions to capital pension schemes have not been tax deductible.

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  • Advantages

    With a capital pension scheme, you can go on a world tour or buy an allotment, as you can have your entire amount of savings paid out as a lump sum. You can also choose to have it paid out in smaller portions.

    Advantages of a capital pension scheme
    • You can have your savings paid out from the date you reach your pension payout age.
    • It is up to you how and when you want to spend the money.
    • It is up to you whether you want to have your savings paid out as a lump sum or in portions.
    • The return on your capital pension scheme is currently taxed at just 15.3% per year.
    • Savings balance protection guarantees that your beneficiaries receive the value of your savings if you die before retirement.
  • Facts

    It is no longer possible to set up or contribute to a capital pension scheme. If you already have a capital pension scheme, the following applies:

    The savings can be paid out from the date you reach your pension payout age – and 15 years ahead. If you want to, you can change the payout method to regular benefits at any time. The return on your capital pension scheme is currently taxed at just 15.3% per year.

    Savings balance protection

    If your capital pension scheme was set up after 1987, it automatically includes savings balance protection. Savings balance protection guarantees that your beneficiaries as a minimum receive the value of your savings if you die before retirement.

    Tax on contributions

    On payout, your capital pension savings are subject to 40% tax.

  • Prices and conditions

    The expenses on a capital pension scheme depend on

    • how you want your savings to be invested
    • whether you have insurance covers
    • whether you have a personal or a company pension scheme
    • whether your pension scheme is optional or chosen by your employer

    Click here to see prices and conditions

A lot can happen in a year. Does your pension scheme fit your current life situation?