The Dutch pension system

Once you retire, you will stop receiving salary from your employer. However, you will still have expenses to pay. This is where your pension comes in: it's your future income. In the Netherlands, the law arranges a number of matters for your pension. 

State pension

If you live or work in the Netherlands, you will receive benefits from the government starting from a certain age. We call this the state pension. Once you reach the state pension age, you will receive a state pension from the government for the duration of your life. The state pension age is currently being raised incrementally, until it reaches 67 in 2021. Starting from 2022, the pension age will be linked to the life expectancy. The amount of your state pension depends on the number of years you have lived or worked in the Netherlands. For each year you will receive 2% of a full state pension. You can find more information about the state pension on the Social Insurance Bank website. On this website you can also calculate your state pension age. 

Pension from your employer

In most cases you also accrue pension through your employer. If you are employed by EY or HVG Law, you have accrued pension at Pensioenfonds Ernst & Young up to 1 July 2018. The amount of pension you have accrued depends on the pension scheme. On this website you can read more about the pension scheme with Pensioenfonds Ernst & Young. 

A pension arranged by you

If you wish, you can also sort out your income or additional income for the future yourself. Banks and insurance companies offer various options for saving for later life. This could be in the form of an annuity, for example, or a savings account at the bank. If you wish to arrange an additional pension, we advise you to contact a financial advisor.

Everything about the state pension

Everything about the pension scheme