It is not yet possible to withdraw part of your pension in one go when you retire (a lump sum). This is possible from 1 July 2024 at the earliest. Minister Schouten sent a letter about this to the Senate and the House of Representatives. It states that the commencement date of the lump sum will be postponed by at least 6 months to 1 July 2024.
Retiring before 1 July 2024?
Then you cannot yet opt for a lump sum. The government has already postponed the commencement date several times. It is also not yet certain whether you can opt for a lump sum from 1 July 2024. This depends on the treatment of the legislative proposal in parliament.
What is a lump sum?
This is an extra pension choice offered to you when you retire. You can choose to withdraw part of your pension in one go. You will receive a one-off payment of a maximum of 10% of your retirement pension as a lump sum. You can spend this amount freely. Your monthly lifelong pension benefit will be lower as a result. The withdrawal of a lump sum can also have consequences for the tax and any supplements or benefits you receive.
Want to know more about opting for a lump sum?
Click here to read more about choosing a lump sum and what you should pay attention to. You will also find our answers to frequently asked questions. Click here for other options you have for your pension.