The idea behind pensions is simple: you build assets during your working life so you can live comfortably after retirement. But what if your accrued pension isn't enough? This difference between your pension assets and your needs is called a pension gap. Fortunately, you can prevent or reduce this. The sooner you take action, the better. Our pension specialists are happy to help.
What is a pension gap?
When you stop working, your income usually consists of two main pillars:
- AOW: The basic government pension.
- Old age pension: Built up through your employer or arranged independently.
Other sources, such as savings, investments, or home equity, can also contribute to your retirement savings. If this total is insufficient to live comfortably, it's considered a pension gap.
To assess this, you can:
- List your expected income and expenses.
- Taking into account changes, such as paying off your mortgage or rising healthcare costs.
How does a pension gap arise?
Even if you build up a decent pension, several factors can mean you don't have enough assets:
- Poor pension plans: Modern arrangements are often less generous than before.
- Life events: Think of a job change, a divorce or stopping work to care for children.
- New pension system: The system that will be introduced from 2027 onwards may affect your pension assets. Read more about the new pension system.
Such situations can have a significant impact on your pension. It's important to carefully identify these situations and take action where necessary.
How do you adjust?
Turns out you have a pension gap? Don't panic: there are ways to address it. The sooner you start, the greater your chances of success.
- 1. Save yourself or make additional contributions
Open an annuity account or savings account specifically for your retirement.
See if you can contribute more to your existing pension plan. - 2. Transfer of Value
Have you accrued pensions with multiple funds? Investigate whether it's advantageous to combine these pensions through a value transfer. However, this isn't always beneficial. - 3. Professional advice
Consult a pension advisor to discuss your options. This will give you insight into your savings goals and a plan to reduce your pension gap.
Want to know more?
Do you have questions about your pension or want to know how to prevent a pension gap? Our pension specialists are ready to help. During a personal consultation, we'll assess your situation and discuss the steps you can take together. Contact us De Unie on 0345 851 963 or sc@unie.nl on weekdays between 8:30 am and 17:00 pm.
