A pension gap can have various causes. Do you recognise yourself in one or more of the situations below? Then it may be a good idea to review your pension.
"}},{"accordionList":[{"richBody":{"value":"As a self-employed professional, you do not automatically build up pension through an employer. This means you are responsible for arranging additional pension yourself.
"},"title":"You are self-employed"},{"richBody":{"value":"If you work fewer hours, you usually build up less pension. As a result, your retirement income may be lower.
"},"title":"You work part-time"},{"richBody":{"value":"For example because of a sabbatical, unemployment, childcare or caring for a family member. During this period, you often build up little or no additional pension.
"},"title":"You temporarily stopped working"},{"richBody":{"value":"Not every employer provides a pension scheme. This may have resulted in periods during which you built up less pension than you expected.
"},"title":"Your employer did not offer a pension scheme"},{"richBody":{"value":"Living or working abroad can affect your pension accrual. In some cases, it may also impact the amount of state pension (AOW) you will receive.
"},"title":"You lived or worked abroad"},{"richBody":{"value":"When a relationship ends, arrangements may be made regarding the pension that was built up during the relationship. This can affect the pension income you receive later.
"},"title":"You got divorced"},{"richBody":{"value":"If you stop working before your state pension age, you will generally build up pension for a shorter period. At the same time, your pension income may need to last longer.
"},"title":"You want to retire earlier"},{"richBody":{"value":"You may want to keep travelling, maintain higher housing costs or simply have more financial freedom. In that case, you may need a higher retirement income than your pension currently provides.
"},"title":"You have different plans for retirement"}],"componentType":"accordion"},{"componentType":"sectionTitle","title":"How do I know if I have a pension gap?"},{"componentType":"paragraph","richBody":{"value":"Do you recognise yourself in one or more of the situations above and wonder whether you are building up enough pension?
Our Pensiontool helps you compare your expected retirement income with the income you think you will need later in life. This gives you a quick indication of a possible pension gap.
"},"textLinks":[{"text":"Calculate your pension gap","url":"https://mijn.ing.nl/investments/pension-hub?EW=true"}]},{"componentType":"sectionTitle","title":"What can you do if you have a pension gap?"},{"componentType":"paragraph","richBody":{"value":"If it turns out that your future retirement income may be lower than you would like, you can start building up additional assets for retirement.
Pension Investing is one way to do this. It allows you to build up assets for later life and may offer tax advantages.
"}},{"componentType":"cta","textLink":{"text":"Discover Pension Investing","url":"/en/personal/investing/investments-at-ing/pension-investing"}},{"componentType":"sectionTitle","title":"You may also be interested in"},{"cards":[{"cardSize":"small","cardType":"product","componentType":"productCard","image":{"extension":"jpg","original":"https://assets.ing.com/asset/d34105b6-9aad-466b-ad05-4be6320ac284/investments-how-to-calculate-your-returns-1920.jpg","publishedAt":"2022-10-05T08:55:28Z","transformBaseUrl":"https://assets.ing.com/transform/d34105b6-9aad-466b-ad05-4be6320ac284/investments-how-to-calculate-your-returns-1920","type":"image","updatedAt":"2023-12-21T16:04:14Z","width":1920},"intro":"Learn more about fiscal annual allowance and how you can use it.","link":{"url":"/en/personal/investing/investments-at-ing/how-do-i-calculate-my-fiscal-annual-allowance"},"title":"What is fiscal annual allowance?"},{"cardSize":"small","cardType":"product","componentType":"productCard","image":{"extension":"jpg","original":"https://assets.ing.com/asset/17542fda-e290-499f-ad3a-d79ea984c7d5/BusinessLending2022-1920.jpg","publishedAt":"2022-08-23T12:10:43Z","transformBaseUrl":"https://assets.ing.com/transform/17542fda-e290-499f-ad3a-d79ea984c7d5/BusinessLending2022-1920","type":"image","updatedAt":"2023-12-21T19:16:19Z","width":1920},"intro":"Learn about the potential tax advantages of Pension Investing","link":{"url":"/en/personal/investing/investments-at-ing/the-tax-benefits-of-pension-investing"},"title":"Tax benefits"}],"componentType":"cards"},{"componentType":"sectionTitle","title":"Good to know"},{"componentType":"paragraph","richBody":{"value":"Investing involves risks and costs. You could lose all or part of your contribution.
"}}]},"hasMacro":false,"id":"068453da-d3ed-41ad-8bf4-e964d54b4863","localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Start investing at ING","url":"/en/personal/investing/investments-at-ing"}},"componentType":"productHeader","coreHeader":{"body":"A pension gap, also known as a pension shortfall, arises when you are likely to receive less pension income than you expect or need when you retire. The size of the gap differs from person to person and depends on your income, pension accrual and retirement goals.","headerImage":{"altTextNL":"\"\"","extension":"jpg","original":"https://assets.ing.com/asset/3da0809a-5aa5-4b19-866f-ad50ea78b2bb/686820643.jpg","publishedAt":"2016-08-16T19:52:47Z","transformBaseUrl":"https://assets.ing.com/transform/3da0809a-5aa5-4b19-866f-ad50ea78b2bb/686820643","type":"image","updatedAt":"2023-12-21T19:34:47Z","width":4032},"subtitle":"Are you wondering whether you're building up enough pension? Discover what can cause a pension gap, how to gain insight into your situation, and what you can do to prepare for later life.","title":"Do I have a pension gap?"}},"publishDate":"2026-10-02T15:51:31.959+02:00"}}