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Extra retirement pension

You can accrue extra pension capital with us; we call this making ‘supplementary savings’.

Is this of interest to you?
Accruing extra pension capital can be beneficial if you:

• want more security in the future;
• intend to work fewer hours in the future or stop working earlier;
• have some money left over that you can spare;
• accrue less than the maximum pension capital in your scheme;
• do not accrue extra pension elsewhere.

Will my pension be enough?

Imagine... you are retiring. What will your retirement look like? What do you want to be able to do? Ask yourself: will my pension be enough to do that?

  • Check whether you have enough pension

    Step 1: Check your pension
    You can do this here. The Financial Insight Tool (FIT) displays the pension you accrue with us. Have you also accrued pension with other administrators? Then you also include that pension. Do you have a partner? Then you can also include that pension for the overall picture. You can view the overall picture here.

    Step 2: Time to dream
    In other words, think about what you want to be able to do when you retire.

    Step 3: Identify and list your future costs
    What costs will you have when you retire? Think about housing costs and your groceries. But also money you might want to set aside to take a trip.

    Step 4: Do you have enough pension?
    Compare your expenses with your income. Will you have enough money when you retire? Is the answer yes? That is good news! Then you do not have to do anything. Is the answer no? Then it is a good idea to think about how to supplement your pension.

    Step 5: You can view the options
    There are several ways to do this. Does your home have a surplus value? Or do you have other savings? You could also consider the option of making supplementary contributions with Pensioenfonds PGB.

Making supplementary contributions with us

You can accrue extra retirement pension on your salary up to €137,800 (bedrag 2024). Via your employer, you then pay an amount to accrue extra pension capital. You can do this every month or as a one-off amount.

How this works and how can you arrange it
This depends on your pension scheme accrues extra retirement pension and what you have to do to arrange it.

What kind of pension scheme do I have?

You can accrue a pension with Pensioenfonds PGB in an average pay scheme or a defined contribution scheme. This is shown in layer 1 of your Pension 1-2-3. You can find your Pension 1-2-3 here under the heading ‘Your pension scheme’.

Your situation

How making supplementary contributions works
It is possible to deposit an additional amount each month. The minimum amount is €75. You can also make a one-off deposit. The minimum amount is then €250. Your employer deducts this amount from your gross salary.

This is how you can arrange to accrue extra pension

You can calculate for yourself how much extra pension you can save. And what this costs. You view the possibilities through My PBG Pension.

This is how you stop accruing extra pension

You automatically stop accruing extra pension capital when you leave your employer, retire or receive a state pension. You can also stop accruing extra pension yourself. This will then be arranged via your employer.

Can I get help in making my choice?
Yes, you can. We will be happy to help you. You can call us at 020 541 82 00 or email us at ks@pensioenfondspgb.nl to make an appointment for a personal consultation. Please let us know whether you would like to call us or visit us. We will be happy to make an appointment with you.

Frequently asked questions about supplementary pension contributions

  • How does my capital grow?

    We invest your capital. This is how we try to make sure your capital grows. You will not know in advance how much extra pension you will receive. This depends on many factors including how much you deposit, our investment results, the investment profile you choose and the costs we incur. It may also depend on interest rates at the time we buy pension for you. This is because the interest rate determines how much pension we can buy for you. You can choose to spread the investment risk and interest rate risk when you are around age 58. You can then make the preliminary choice for a stable or a variable pension. You can read more about the choice between a stable and a variable pension here.

  • How will I receive a pension from my capital when I retire?

    We buy extra pension from your capital. That is ... if you opt for a stable pension. You choose around age 58 whether you want a stable or a variable pension.

    Do you choose a stable pension? Then, starting 10 years before you retire, we will convert some of your capital into a retirement pension and partner’s pension every year. Do you choose a variable pension? Then we will continue to reinvest your capital in full. Are you retiring? Then you can still choose a stable pension with us. We then buy a retirement pension and partner’s pension for you in one go. You can also choose a variable pension with another pension provider. You can read more about the choice between a stable and a variable pension here.

  • What happens to my capital when I die?

    What happens to your capital depends on your personal situation:

    • You have a partner and/or children. We will use your capital to buy pension for your partner. You do not have a partner but have children. And are your children aged under 18 or aged between 18 and 27 and still studying? Then we will use your capital to buy pensions for your children.
    • You do not have a partner or children. Your capital will lapse. Other family members or friends therefore do not receive a pension from us.

How making supplementary contributions works
It is possible to deposit an additional amount each month. You can also make a one-off deposit. You pay this contribution from your gross salary. You pay the extra deposit via your employer.

Useful to know

  • Your contribution reduces your net salary
    Your employer will withhold your contribution for extra pension from your gross salary. This will lower your net salary. As does your own contribution to the pension premium.

  • You cannot withdraw your extra pension separately
    Your deposit for extra pension becomes part of your total pension with Pensioenfonds PGB. You cannot simply withdraw this amount.

  • Inform your employer that you want to accrue extra pension 
    Your employer will withhold your contribution for extra pension from your gross salary. Make sure your employer knows about your extra contribution in good time. 

  • Do you intend to work fewer hours and/or will your salary be lower? 
    If so, please contact us for a recalculation. This change could actually mean that you will not be allowed to contribute as much for extra pension.

  • Do you intend to work more hours and/or will your salary increase?
    In that case, there is often scope for a higher contribution for extra pension. Do you want to increase your monthly contribution? If so, please contact us. 

Did your employer join us before 1 January 2020?

Then you can also choose to accrue extra retirement pension in the PGB Pension Plus scheme. This scheme differs from the PGB Retirement Pension Plus scheme in three respects. You can read more about these differences and what this means for you here.

This is how you can arrange to accrue extra pension

Please contact us via 020 541 82 00 or via ks@pensioenfondspgb.nl. We will then calculate for you how much extra you can save by making supplementary contributions and what it costs.

This is how you stop accruing extra pension

You automatically stop accruing extra pension when you leave your employer, retire or start receiving state pension benefits. You can also stop accruing extra pension yourself. This will be arranged via your employer.

Can I get help in making my choice?
Yes, you can. We will be happy to help you. You can call us at 020 541 82 00 or email us at ks@pensioenfondspgb.nl to make an appointment for a personal consultation. Please let us know whether you would like to call us or visit us. We will be happy to make an appointment with you.

Frequently asked questions about supplementary pension contributions

  • How much extra pension can I accrue?

    By law, you can accrue an amount of pension tax-free every year. We refer to this as your tax scope. If you do not use your full scope in a year, you may accrue additional pension. You can accrue extra retirement pension on your salary up to €128,810 (2023 amount).

    You contribute an amount to accrue extra pension capital via your employer. You can do this every month or once-only. You calculate here how much extra pension you can accrue and what it costs.

  • How does my capital grow?

    We invest your pension capital. This is how we try to make sure your capital grows. You will not know in advance how much extra pension you will receive. This will depend on how much you contribute, the costs we incur, our investment performance and the interest rate when we buy pensions from your capital.

  • How will I receive a pension from my capital when I retire?

    We buy extra pension from your capital. We will convert part of your capital into a retirement pension every year, starting 10 years before you retire. This allows us to spread risks, such as investment risk and the risk of low interest rates.

  • What happens to my capital when I die?

    What happens to your capital depends on your personal situation:

    • You have a partner and/or children. We will use your capital to buy pension for your partner. Are your children aged under 18 or aged between 18 and 27 and still studying? Then we will also use your capital to buy pensions for your children.
    • You do not have a partner or children. Your capital will lapse. Other family members or friends therefore do not receive a pension from us.