Extra pension choice ‘lump sum’ postponed again

To withdraw part of your pension in one go when you retire (a lump sum) is postponed again. This is possible from 1 January 2025 at the earliest. Minister Schouten informed the House of Representatives that the previously announced effective date of 1 July 2024 is no longer feasible.

20 November 2023

Retiring before 1 January 2025?
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 January 2025. This depends on the treatment of the legislative proposal in parliament. That is scheduled for early 2024. The government indicates that further postponement of the date is also possible.

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.