Prepare for tomorrow by saving today

When will your pension capital be paid out?

 

When you retire, you will be paid a legal or state pension every month. You finally get to enjoy the capital you have carefully set aside over all these years! When will it be paid to you? This depends on whether it is a savings insurance or a pension savings fund. The payment will therefore not necessarily coincide with the date of your retirement.

Pension savings insurance

If you have had a contract for at least 10 years, it will expire on your 65th birthday: the capital will be paid to you at that time. If you have a contract for less than 10 years, the capital will be paid to you on the 10th anniversary of your contract.

Pension savings fund

You can request payment of your pension savings from your 60th birthday onwards, without incurring any additional taxes, provided the one-off final tax has already been withheld. You have two options: you can either withdraw the entire amount at once or receive regular payments over time. If you don't need the money immediately, you can leave it invested for as long as you live, as a pension savings fund does not have a maturity date, unlike pension savings insurance.

Find out more about the advantages of a pension savings fund and pension savings insurance.

Long-term saving: also enjoy a tax benefit after your retirement

 

With a long-term savings plan, you can build supplementary pension capital. And your annual payments may be eligible for a tax deduction. What's more, you can continue to save even after retirement, provided your contract allows it and you remain eligible for the tax deduction. One of the key benefits is that you can save for an extended period - up to the age of 99, if desired.

 If you already have a long-term savings contract but haven't yet reached the maximum contribution limit, you can consider taking out a new contract up until the day before your 65th birthday.