{"type":"document","data":{"id":"55a6d3c2-d262-4625-9e7d-e1d31a38547f","localeString":"en-GB","publishDate":"2026-03-31T14:22:49.713+02:00","contentType":"onecms:productPage","hasMacro":false,"flexPageMetadata":{"afmBanner":false,"robotInstruction":{"noIndex":false,"noFollow":false},"description":"You may want to set aside extra money for later. In that case, it is useful to know what your annual allowance is. Annual allowance is the maximum amount you can contribute to your pension each year in a tax-friendly manner."},"mainHeaderZone":{"componentType":"productHeader","coreHeader":{"body":"You might want to set aside some extra money for the future. In that case, it’s helpful to know your fiscal annual allowance. This is the maximum amount you can contribute to your pension each year in a tax-efficient way.\r\nThis page is an English translation of the original Dutch version.*","headerImage":{"transformBaseUrl":"https://assets.ing.com/transform/d34105b6-9aad-466b-ad05-4be6320ac284/investments-how-to-calculate-your-returns-1920","type":"image","width":1920,"original":"https://assets.ing.com/m/31d0ec7a7d104d10/original/investments-how-to-calculate-your-returns-1920.jpg","extension":"jpg"},"title":"How do I calculate my fiscal annual allowance?","subtitle":"You have been thinking about your pension. Well done!"},"backLink":{"textLink":{"url":"/en/personal/investing/investments-at-ing","text":"Start investing at ING"}}},"flexZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Why is the fiscal annual allowance important?"},{"componentType":"paragraph","richBody":{"value":"<ul class=\"check-mark\"><li>You are building your financial future</li><li>You may receive tax benefits on your contributions</li><li>You decide how much you contribute (within your fiscal annual allowance)</li></ul>"},"video":{"type":"video","originalUrl":"https://assets.ing.com/m/6a801164eddbbbf5/original/Wat-is-de-jaarruimte-EN.mp4","videoPreviewURLs":["https://assets.ing.com/asset/083735a0-2441-4d5d-84f5-04ab50097a7d/1080p/Wat-is-de-jaarruimte-EN.mp4","https://assets.ing.com/asset/083735a0-2441-4d5d-84f5-04ab50097a7d/720p/Wat-is-de-jaarruimte-EN.mp4"],"extension":["mp4"]}},{"componentType":"sectionTitle","title":"Calculate your fiscal annual allowance in the ING App"},{"componentType":"paragraph","richBody":{"value":"<p>You don’t need to be a maths expert. The ING App has a calculation tool that helps you calculate your fiscal annual allowance. Enter a few details, such as your taxable income and pension accrual (also called Factor A). We will save your fiscal annual allowance so you can access it at any time.</p>"}},{"componentType":"sectionTitle","title":"Where can I find my taxable income?"},{"componentType":"paragraph","richBody":{"value":"<p>You can find this in your tax return or income tax assessment. Did you complete it online? Then log in to <a href=\"https://www.belastingdienst.nl/wps/wcm/connect/nl/home/content/inloggen-mijn-belastingdienst\">Mijn Belastingdienst</a> and open the tax return from the year before the one you want to use to calculate your fiscal annual allowance. To calculate your annual allowance for 2025, select the 2024 tax return. </p>"}},{"componentType":"sectionTitle","title":"Where can I find my pension accrual (Factor A)?"},{"componentType":"paragraph","richBody":{"value":"<p>You will find this on the last page of your Uniform Pension Statement (UPO). You will receive this annually from your pension provider. If you have multiple pension providers in a single year, you add up the Factor A amounts. If you do not have any pension accrual, enter 0. </p>"}},{"componentType":"sectionTitle","title":"Reserve margin"},{"componentType":"paragraph","richBody":{"value":"<p>Haven’t used your fiscal annual allowance in previous years? You may still be able to use your reserve margin. This consists of unused allowances from the past ten years that you can carry forward. Use the <a href=\"https://www.belastingdienst.nl/wps/wcm/connect/nl/aftrek-en-kortingen/content/hulpmiddel-lijfrentepremie-2016-en-daarna\">tool from the Dutch Tax Authority</a>  to calculate your fiscal annual allowance for those years.</p>"}},{"componentType":"sectionTitle","title":"Good to know"},{"componentType":"paragraph","richBody":{"value":"<p><span><span><span>Investing involves risks and costs. The value accumulated for your pension cannot be guaranteed and depends on investment performance, which may be better or worse than expected. You may lose all or part of your contributions.</span></span></span></p><p>*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. </p>"},"textLinks":[{"url":"/en/personal/investing/investments-at-ing/risks-of-investing","text":"Read more about the risks of investing"}]}]}}}