De Unie, in your interest

Your collective labor agreement and industry

Life-course savings scheme

July 02, 2020

Do you still have a life-course savings scheme? Then keep in mind that it will expire on December 31, 2021. Of course you still have some time to figure out what to do with it, but it is still wise not to wait too long. That can cost you quite a bit of money.


What is a life-course savings scheme?

Until 31 December 2012, you as an employee could make use of the life-course savings scheme. You could save part of your gross salary and hand it in later, for example for unpaid leave or early retirement. The scheme has now been formally abolished. You are only eligible for the scheme if you still had a savings balance of € 31 or more on 2011 December 3000; if you had less at that time, it was already paid out in 2013.

 Transitional arrangement

Do you still have savings on 31 December 2021? Then you will receive it in one go. But the higher this amount, the higher the tax you pay on it. That is why it may be financially more beneficial to use the balance according to your own needs for which it is intended: working less. You can compensate for the loss of income by having your savings paid out. And whether you want to take unpaid leave or take early retirement, it is better to talk to your employer about it as early as possible.

Please note, you can continue to make use of the scheme until you have reached the state pension age. In that sense, it can also happen that the credit will be released in one go earlier than on December 31, 2021.


Do you have any questions about this? Contact the specialists of De Unie, they are happy to help you. Call or email us on 0345 851 963 or

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