It’s often smart to (additionally) save for your pension. You can’t lose your contributions, which gives you more certainty. But with low interest rates, you’ll likely build up less pension. And inflation doesn’t help either: your money will usually be worth less in the future.
"}},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"small","title":"What can pension investing do for you?","intro":"Check it out","image":{"transformBaseUrl":"https://assets.ing.com/transform/3bc771d6-ef6b-4bb9-bc90-472479186ed8/Devices-Calculator_Outline","type":"image","width":0,"original":"https://assets.ing.com/m/5e1fc110daee248e/original/Devices-Calculator_Outline.svg","extension":"svg"},"link":{"url":"https://mijn.ing.nl/investments/pension-hub"}}]},{"componentType":"sectionTitle","title":"Your money grows faster"},{"componentType":"paragraph","richBody":{"value":"When you invest your pension, you have the chance to build more wealth. It does come with some risks, though. You could lose part or all of your contributions. But remember: pension investing is for the long term. The advantage? The compound interest effect. The return you earn in one year generates extra return the next year. With pension investing, your money can grow faster.
Important: Investing involves risks. You can lose your contribution or part of it.
"}},{"componentType":"sectionTitle","title":"What does pension investing involve?"},{"componentType":"paragraph","richBody":{"value":"With pension investing, you build extra pension through investments. You can do this easily at your bank. Simply open a pension investing account with ING and decide how much you want to contribute. That amount is automatically invested in funds managed by our experts. This way, you build wealth for later without having to manage it daily.
The accumulated amount can later be converted into a monthly payout — for example, when you retire or stop working earlier. This payout is called an annuity. It gives you extra income every month, on top of your state pension and any other pension.
"},"alignedImage":{"position":"right","transformBaseUrl":"https://assets.ing.com/transform/475e7ec6-6aa7-4a84-b755-a48b873625fb/Elderly-woman-in-blue-smiling-in-front-of-a-caravan","altTextEN":"\"\"","altTextNL":"\"\"","altTextFR":"\"\"","altTextDE":"\"\"","original":"https://assets.ing.com/m/188a8ebe432c5387/original/Elderly-woman-in-blue-smiling-in-front-of-a-caravan.jpg","extension":"jpg"}},{"componentType":"sectionTitle","title":"Extra income during your retirement"},{"componentType":"paragraph","richBody":{"value":"Retirement is the time to fully enjoy life. But as a freelancer or entrepreneur, you don’t build up a pension through an employer like employees often do. That means you’re more likely to have a pension gap. That’s why it’s smart to build extra pension.
The amount you build up with ING Pension Investing will be paid out in monthly installments during your retirement. A kind of extra salary, on top of your state pension and any employer pension. Nice bonus, right?
"},"alignedImage":{"position":"left","transformBaseUrl":"https://assets.ing.com/transform/aa297841-c8b5-476b-a227-f4bb0003a4db/Elderly-couple-snorkeling-on-vacation","original":"https://assets.ing.com/m/1a57bd3411cf9ee0/original/Elderly-couple-snorkeling-on-vacation.jpg","extension":"jpg"}},{"componentType":"sectionTitle","title":"Possibly less income tax"},{"componentType":"paragraph","richBody":{"value":"Pension investing is for later, but it also brings benefits now. You can deduct your contributions in your income tax return, which can save you up to 49.5%. And the amount you build up does not count toward box 3, so you don’t pay tax on it.
When you retire, the amount you’ve built up with pension investing will be paid out in monthly installments and deposited into your account. It’s income, so you pay income tax on it — but possibly at a lower rate than now. That’s because your income during retirement is often lower and because you fall into a lower tax bracket from your state pension age.
"},"textLinks":[{"url":"/en/business/pension/tax-benefit-annual-allowance","text":"Want to know more? Check this page about tax benefits"}]},{"componentType":"sectionTitle","title":"Annual allowance: how much can you contribute tax-free?"},{"componentType":"paragraph","richBody":{"value":"Most people have annual allowance. This is the maximum amount you can contribute each year with tax benefits for your pension. The size of your annual allowance depends on your income and how much pension you’ve already built up through an employer or other scheme.
Check whether you have annual allowance — and calculate how much it is.
"},"textLinks":[{"url":"https://mijn.ing.nl/investments/pension-hub","text":"Calculate your annual allowance here"}],"alignedImage":{"position":"right","transformBaseUrl":"https://assets.ing.com/transform/da0d1c72-47be-411f-acc8-f98c689561bd/Rustig-blijven-bij-beleggen","original":"https://assets.ing.com/m/5a3afa33d65afb8/original/Rustig-blijven-bij-beleggen.jpg","extension":"jpg"}},{"componentType":"paragraph","richBody":{"value":""},"video":{"type":"video","originalUrl":"https://assets.ing.com/m/7935eee29ad8e409/original/Pensioenbeleggen-wat-is-de-jaarruimte.mp4","videoPreviewURLs":["https://assets.ing.com/asset/dbb09f68-7d69-4c76-934c-09d5345876b5/480p/Pensioenbeleggen-wat-is-de-jaarruimte.mp4","https://assets.ing.com/asset/dbb09f68-7d69-4c76-934c-09d5345876b5/1080p/Pensioenbeleggen-wat-is-de-jaarruimte.mp4","https://assets.ing.com/asset/dbb09f68-7d69-4c76-934c-09d5345876b5/mp4/Pensioenbeleggen-wat-is-de-jaarruimte.mp4","https://assets.ing.com/asset/dbb09f68-7d69-4c76-934c-09d5345876b5/720p/Pensioenbeleggen-wat-is-de-jaarruimte.mp4"],"thumbnails":{"mini":"https://assets.ing.com/m/7935eee29ad8e409/mini-Pensioenbeleggen-wat-is-de-jaarruimte.jpg","webimage":"https://assets.ing.com/m/7935eee29ad8e409/webimage-Pensioenbeleggen-wat-is-de-jaarruimte.jpg","thul":"https://assets.ing.com/m/7935eee29ad8e409/thul-Pensioenbeleggen-wat-is-de-jaarruimte.jpg"},"extension":["mp4"]}},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"Pension investing","intro":"Build additional pension easily","image":{"transformBaseUrl":"https://assets.ing.com/transform/7eb07b69-741d-4672-b7ac-c3ad2db54076/A-woman-drinks-water-and-eats-food-while-talking-on-the-phone-and-working-on-her-laptop-in-a-cafe","type":"image","width":1920,"original":"https://assets.ing.com/m/12cbed0f8e5e4e3e/original/A-woman-drinks-water-and-eats-food-while-talking-on-the-phone-and-working-on-her-laptop-in-a-cafe.jpg","extension":"jpg"},"link":{"url":"/en/business/investments/pension-investing"},"checkMarkList":["Tax benefit up to 49.5% on your contributions","Contributions and accumulated value exempt from wealth tax","All via your own bank"],"promotionalLabel":{"labelType":"operational","body":"New"}},{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"What are your pension options?","intro":"What can Pension Investing do for you? Check it out","image":{"transformBaseUrl":"https://assets.ing.com/transform/3bc771d6-ef6b-4bb9-bc90-472479186ed8/Devices-Calculator_Outline","type":"image","width":0,"original":"https://assets.ing.com/m/5e1fc110daee248e/original/Devices-Calculator_Outline.svg","extension":"svg"},"link":{"url":"https://mijn.ing.nl/investments/pension-hub"},"checkMarkList":["Insight into your annual allowance","Find out if you have a pension gap","Check your tax benefit","What can it bring you?"]}]},{"componentType":"sectionTitle","title":"Not sure yet? Let’s talk!"},{"componentType":"paragraph","richBody":{"value":"What’s the best option for you: saving for your pension or investing? Or maybe you have other questions about your pension. We’re happy to help — our advisors will think along with you during a video call. Schedule a free Business Insight Session.
Pension investing will likely yield more than pension saving. Your money can also grow faster. Want to switch from pension saving to pension investing? You can! If you already had a pension savings account with ING, you received an email with the option to switch.
Keep in mind: investing involves risks. You can lose your contribution or part of it.
"}},{"title":"Can I lose money with pension investing?","richBody":{"value":"Yes, you can. Pension investing involves risks. Your money is invested in funds that can rise or fall in value. This means your pension pot may sometimes be worth less than your contributions.
Investing is for the long term. Fluctuations are part of it, but over time there is a chance of returns. ING offers five investment funds, from very defensive to very offensive, so you can choose how much risk you want to take. The more offensive you invest, the higher the potential return — but also the risk of loss.
Good to know: you can always adjust your investment profile if your situation changes or as your retirement date approaches.
"}},{"title":"How much can I save or invest tax-free for my pension?","richBody":{"value":"You can set aside an amount tax-free for your pension each year, as long as you stay within your annual allowance. This allowance depends on your income and how much pension you have already built up.
If you contributed less than allowed in previous years, you can catch up for up to ten years via your reserve allowance.
"},"textLinks":[{"url":"https://mijn.ing.nl/investments/pension-hub","text":"Get instant insight into your annual allowance by answering a few online questions"}]},{"title":"What are the rules for pension investing?","richBody":{"value":"These are the rules for pension investing:
You can save for your pension yourself. At ING, we no longer offer a separate product for pension saving.
"}},{"title":"What is the difference between annual allowance and reserve allowance?","richBody":{"value":"Annual allowance is the amount you can use in a given year to build up pension with tax benefits. If you contributed less than allowed in previous years, reserve allowance arises. This is the sum of unused annual allowance from the past ten years, which you can still use — with a maximum of €42,108 in 2025.
"}},{"title":"Can I catch up on annual allowance from previous years?","richBody":{"value":"Yes, you can. If you contributed less than allowed in previous years, you can still do so via your reserve allowance. You can use unused annual allowance for up to ten years back, with a maximum of €42,108 in 2025, provided you still have a pension shortfall this year. This means you can only catch up if you also build up less pension than allowed this year.
"}},{"title":"Can I withdraw money early from my pension investing account?","richBody":{"value":"You can, but it’s not recommended. With early withdrawal, you must close the pension investment account. You then pay not only income tax but also an extra charge of up to 20% (revisierente) on the amount paid out.
"}},{"title":"Does the accumulated amount count as assets for a mortgage?","richBody":{"value":"Yes! If you are 57 or older and your pension starts within 10 years, your accumulated pension income does count toward your maximum mortgage.
"}},{"title":"Can I open ING Pension Investing with my business or personal account?","richBody":{"value":"You can only open ING Pension Investing with a personal account.
"}}]},{"componentType":"paragraph","richBody":{"value":"* This translation is intended for the customer’s convenience only. In the event of any inconsistency between the English translation and the original Dutch version, the original Dutch version shall prevail.
"}},{"componentType":"linkList","iconTitle":{"title":"Also interesting for you"},"textLinks":[{"url":"/en/business/pension/tax-benefit-annual-allowance","text":"Tax benefit and annual alliance in pension for entrepeneurs"},{"url":"/en/business/investments/investing-for-entrepeneurs","text":"Investing for entrepeneurs"},{"url":"/en/business/investments/pension-investing","text":"ING Pension investing"},{"url":"/en/business/pension/insight-aow-for-entrepreneurs","text":"Insight into your pension as entrepeneur"}]}]},"legalZone":{"flexComponents":[{"componentType":"paragraph","richBody":{"value":"🛈 We offer the English information on ING.nl as an additional service. This information was translated from Dutch, and in case of any inconsistency, the original Dutch text shall prevail.
"}}]}}}