News

In 2017, you will not accrue any pension on the first €14,062. This amount, known as the deductible, is roughly equal to the state old-age pension payment (AOW) that you will receive from the government once you reach AOW retirement age. In 2017, you will accrue 1.53% pension on your gross salary minus the deductible. You will also not accrue pension on any part of your salary that exceeds €103,317. This amount is adjusted statutorily each year.

Contribution payments
You pay a contribution towards your pension every month. Your employer does the same. In our pension fund, you pay 7.5% of the payroll and your employer pays 14.9%. Your contribution is shown on your payslip. Pension contributions are not payable on any part of your salary that exceeds €103,317 or on the first €14,062.

Partner’s pension
If you die, your partner will be entitled to partner’s pension and your children will receive orphans’ pension. Any portion of your salary that exceeds €103,317 will also not be taken into account for this purpose.

What can you do?
You may accrue what is known as a net pension or net annuity on the amount in excess of €103,317. This is pension or annuity accrual based on contributions from the net salary, for which the accrual and pension payments are also tax-free (exemption in box 3). There are also other ways to save for your pension. One example would be to repay your mortgage debt. The Astellas Pension Fund does not offer further options within the pension scheme. Contact your financial adviser to find out all the available options.