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Sudden withdrawal of pension capital postponed for years

January 14 2021

It has been agreed in the pension agreement that it must be possible to withdraw part of your pension capital at once on your retirement date. You can then freely spend this amount. According to plans, this appointment would start on January 1, 2022. But this agreement is not undisputed. Due to the objections and adverse consequences, the Senate has decided to postpone the implementation until 2023.

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Inclusion of disposable pension part, but not uncontroversial

According to the agreement, you could suddenly take up a maximum of 10 percent of your accrued pension on your retirement date. You can spend this freely, for example on the repayment of your mortgage or a camper. However good that may sound, pension funds and insurers warned against implementation problems. In addition, differences arise in taxation, depending on the time in the year that you receive the benefit and at what rate it is taxed. Finally, the benefit can have consequences for, for example, the health care or rent allowance, so that sometimes only 20 percent of the amount remains.

Senate: postpone the introduction

The bill was discussed in the Senate on 12 January last. They were very critical of the proposal because of the adverse effects above. That is why Minister Koolmees has decided to postpone the implementation to 2023.

More information

Do you have questions about the pension agreement or this article? Please do not hesitate to contact us. Our Service Center is available every working day from 8.00:18.00 am to XNUMX:XNUMX pm via sc@unie.nl and 0345 851 963. And do you want to follow the developments surrounding the pension agreement? Then hold our website closely monitor.

 

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