Pension investing is a method of investing for your retirement. By contributing money regularly, you build up additional pension. It is especially suitable for those who expect that their future pension income may not be sufficient. One of the main features of this is that your money is locked in until you retire. Additionally, you may be able to get a tax benefit on your contributions. Your annual contributions are limited to the amount of fiscal annual allowance (jaarruimte) and/or reserve margin (reserveringsruimte).
You can select from various investment profiles, allowing you to invest according to your preferences and risk appetite. You decide how much risk to take and can adjust it as your retirement date nears.
"},"video":{"type":"video","originalUrl":"https://assets.ing.com/m/15a52d54690a1c18/original/Wat-is-ING-Pensioenbeleggen-ENG-ondertitel.mp4","videoPreviewURLs":["https://assets.ing.com/asset/436f1f0e-c394-4b8f-93f7-b3330641798c/mp4/Wat-is-ING-Pensioenbeleggen-ENG-ondertitel.mp4"],"thumbnails":{"mini":"https://assets.ing.com/m/15a52d54690a1c18/mini-Wat-is-ING-Pensioenbeleggen-ENG-ondertitel.jpg","webimage":"https://assets.ing.com/m/15a52d54690a1c18/webimage-Wat-is-ING-Pensioenbeleggen-ENG-ondertitel.jpg","thul":"https://assets.ing.com/m/15a52d54690a1c18/thul-Wat-is-ING-Pensioenbeleggen-ENG-ondertitel.jpg"},"extension":["mp4"]}},{"componentType":"sectionTitle","title":"The key features of ING pension investing"},{"componentType":"productFeatures","image":{"transformBaseUrl":"https://assets.ing.com/transform/b13977b3-a569-480d-a09b-1ac12610f973/invest-app-hand-mobile-device","type":"image","width":2475,"original":"https://assets.ing.com/m/7ac0a18188b9fa76/original/invest-app-hand-mobile-device.png","extension":"png"},"highlighted":false,"items":[{"body":"ING pension investing is intended for clients who live in the Netherlands and are subject to Dutch taxation. Are you planning to leave the Netherlands in the (near) future? Then ING Pension Investing is probably not suitable for you.","title":"Designed for Dutch residents and taxpayers"},{"body":"You may receive a tax benefit through your annual income tax return by deducting contributions to your pension investment account from your taxable income. This means you could get a refund or pay less tax. Additionally, you do not pay capital gain tax on the assets accumulated in this account.","title":"Potential tax benefit on your contributions"},{"body":"Until then, you cannot use the money for other expenses. You are not required to make contributions every year. Contributions can be made monthly, annually, or as a one-time payment. You can start receiving your pension payments up to five years before or after your AOW retirement age. At that point, you purchase a product that provides your pension in installments, over a period ranging from a minimum of 5 years to a maximum of 30 years.","title":"Since you are investing for your pension, your contributions are reserved for your retirement"}]},{"componentType":"sectionTitle","title":"How to get started with ING pension investing"},{"componentType":"applicationProcess","steps":{"stepList":[{"title":"Log in with your ING account and use the pension tool to gain insight into your pension","body":"Calculate your fiscal annual allowance, your potential pension gap, and discover how pension investing can benefit you.","textLink":{"url":"https://mijn.ing.nl/investments/pension-hub?EW=true","text":"Use the Pension Tool"}},{"title":"Open your ING pension investing account","body":"You can easily open your account through the Pension Tool or directly via the ING app."},{"title":"Select a fund and start contributing","body":"Choose one of the five ING Select Index funds and contribute to your new pension account. This can be done monthly or as a one-time payment.","textLink":{"url":"/en/personal/investing/investments-at-ing/costs-pension-investing","text":"More information about the funds"}}]}},{"componentType":"cta","textLink":{"url":"https://mijn.ing.nl/investments/500/onboarding","text":"Open your pension investing account"}},{"componentType":"sectionTitle","title":"Pension investing your way"},{"componentType":"paragraph","richBody":{"value":"At ING, you can invest in one of our five index funds. You choose the fund that best suits your needs. Each fund has its own mix of stocks and bonds. If you opt for automatic risk reduction, we will gradually decrease your investment risk as your retirement date approaches.
"},"textLinks":[{"url":"/en/personal/investing/investments-at-ing/costs-pension-investing","text":"Learn more about our funds, automatic risk reduction, and risk profiles"}]},{"componentType":"sectionTitle","title":"Learn more about ING pension investing"},{"componentType":"paragraph","richBody":{"value":"Considering pension investing and want to know more? Learn more about the tax benefits and costs of pension investing.
"}},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"What are the tax benefits of ING pension investing?","intro":"Pension investing offers potential tax benefits.","image":{"transformBaseUrl":"https://assets.ing.com/transform/7a763db3-4343-4121-9c33-fee66872b4c8/Close-up-of-female-accountant-or-banker-making-calculations","type":"image","width":2508,"original":"https://assets.ing.com/m/47dde74125d2d6d7/original/Close-up-of-female-accountant-or-banker-making-calculations.jpg","extension":"jpg"},"link":{"url":"/en/personal/investing/investments-at-ing/the-tax-benefits-of-pension-investing"},"checkMarkList":["Possible tax benefits on your income tax","Exempt from capital gain tax"]},{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"What are the costs of ING pension investing?","intro":"There are costs associated with ING pension investing.","image":{"transformBaseUrl":"https://assets.ing.com/transform/c077f980-c9e6-4eeb-a0a2-7e5e376b466b/Close-up-of-a-person-holding-a-small-red-wallet","type":"image","width":6240,"original":"https://assets.ing.com/m/1d7891d44e3e4db5/original/Close-up-of-a-person-holding-a-small-red-wallet.jpg","extension":"jpg"},"link":{"url":"/en/personal/investing/investments-at-ing/costs-pension-investing"},"checkMarkList":["Account opening fee","Service fee","Fund fees"]}]},{"componentType":"sectionTitle","title":"Good to know"},{"componentType":"paragraph","richBody":{"value":"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.
*For informational purposes, we will use the name Pension Investing. The actual product name, which will also appear in the onboarding flow and on your bank statements, is Pensioenbeleggen. 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.
"},"textLinks":[{"url":"/en/personal/investing/service/general-terms--conditions","text":"General terms and conditions investments"},{"url":"/en/personal/investing/investments-at-ing/risks-of-investing","text":"Read more about the risks of investing"},{"url":"/en/personal/investing/service/general-terms--conditions","text":"Terms and conditions pension investing"}]},{"componentType":"sectionTitle","title":"Frequently Asked Questions about ING pension investing"},{"componentType":"accordion","accordionList":[{"title":"Who is pension investing suitable for?","richBody":{"value":"ING pension investing is designed for clients who want to build additional pension savings themselves and are tax residents of the Netherlands. Investments are made within the applicable tax framework, allowing you to potentially benefit from tax advantages such as deducting your contributions and being exempt from capital gain tax (box 3).
"}},{"title":"Is ING pension investing suitable for expats?","richBody":{"value":"ING pension investing is intended for clients who live in the Netherlands and are subject to Dutch taxes. Are you planning to leave the Netherlands in the (near) future? If so, ING pension investing is probably not suitable for you. Please check out our other investment products.
"}},{"title":"Can I withdraw my pension funds before my AOW retirement age?","richBody":{"value":"The amount you accumulate through ING pension investing is intended as a supplement to your pension. Therefore, it is generally locked in until your retirement age. Early withdrawal is possible but subject to rules and tax consequences.
If you want to withdraw your pension as a lump sum, you must redeem it. You will then pay income tax plus an additional charge of up to 20% (revision interest) on this payout amount. An exception applies if you retire early or on disability, where no revision interest is charged on your payout up to a limit set by the Dutch Tax Authorities.
If you choose to receive your pension investments before your AOW pension age, you must spread the payouts over a longer period. For example, if you start receiving payouts at 60 and your AOW pension age is 67, your payments must continue until at least 72.
If you have accumulated additional pension before 2013 and have not contributed to this account since then, you may be able to start receiving payouts before your AOW pension age.
"}},{"title":"What is the maximum amount I can contribute to pension investing?","richBody":{"value":"The amount you can contribute annually to pension investing depends on your available fiscal allowance (in Dutch: jaarruimte). This is based on income and personal accrual through your employer.
If you have contributed less or not at all in the past 10 years, you can make up for this using your reserve margin (in Dutch: reserveringsruimte). In 2025, you may contribute up to a maximum amount of €42,108 for this purpose. You can find out how much fiscal room and/or reserve margin you have available on www.belastingdienst.nl or by consulting an advisor specializing in Dutch tax law.
If you contribute more than your fiscal annual allowance (jaarruimte) and/or reserve margin (reserveringsruimte), or if you do not include these amounts in your tax return, the money will still remain locked in until your retirement date.
"}},{"title":"How do I calculate my annual pension contribution allowance?","richBody":{"value":"Once you have opened your account, you will find a tool in the ING app that allows you to calculate your fiscal annual allowance (in Dutch: jaarruimte). Until then, you can use the calculator (in Dutch) provided by the Dutch Tax Authority.
What do you need?
You can find more information on how to calculate your annual allowance on this page.
"}},{"title":"What are the costs of ING pension investing?","richBody":{"value":"On this page, you will find a complete overview of the costs.
"}},{"title":"Can I stop making contributions?","richBody":{"value":"Yes, you can. You decide when to contribute to your pension account. If you have less financial flexibility for a while, you can pause your contributions. Would you like to start contributing again later? That is possible at any time. There is no need to contact ING to make any changes.
"}},{"title":"What is a pension gap?","richBody":{"value":"A pension gap (also known as a pension deficit) means that the pension you receive in the future will be less than what you need. It is the difference between the pension you expect and the amount you will actually receive.
A pension gap can occur due to:
In practice, a pension gap is often defined as having a pension that is less than 70% of your final salary. You can find more information about the pension gap on this page.
"}},{"title":"What are the potential returns of pension investing?","richBody":{"value":"Pension investing can yield higher returns over the long term compared to saving. This is due to the compounding effect: you earn returns not just on your contributions, but also on the returns you have already earned.
How much you accumulate depends on:
Investing involves risks, but historically it has often generated higher returns than saving.
In addition, you may benefit from tax advantages:
Use this calculator to find out how much you could earn by investing
"}},{"title":"Is pension investing a smart choice?","richBody":{"value":"Pension investing can be a smart way to build additional pension income. You may benefit from tax advantages and potentially higher returns compared to saving.
Whether pension investing is right for you depends on your personal situation. Consider factors such as:
Please note: Investing involves risks. The value of your investments may fluctuate, and your contributions could decrease in value due to market developments.
At ING, we do not provide personal advice. You are responsible for deciding whether pension investing suits your personal situation and goals.
"}},{"title":"How much should I invest for my retirement?","richBody":{"value":"That depends on your personal situation. Consider factors such as:
A commonly used guideline is that your pension income should be around 70% of your final salary to maintain your current lifestyle.
How much you can contribute each year depends on your fiscal annual allowance (jaarruimte) and reserve margin (fiscal unused allowance from the past 10 years). These are amounts you can use to build up your pension in a tax-efficient way.
Tip: Use a pension calculator to gain better insight into what you may need. Tools like www.mijnpensioenoverzicht.nl can help.
Please note: To be eligible for a tax deduction, your contribution must be made by December 31 of the same year.
"}},{"title":"What investment options are available for my pension?","richBody":{"value":"You invest in our exclusive ING Select – Index Funds. These five funds are managed by ING's investment experts and track the performance of various financial markets through index trackers.
You can choose a fund that matches your risk profile. Prefer to have your investments risk automatically reduced as you approach retirement? We will take care of that for you.
The five funds are:
Yes, you can. If you have a joint account at ING, you are eligible to open a pension investment account.
Please note: The pension investment account is always opened individually in the name of the person logged into My ING.
"}},{"title":"What happens to my pension investments if I get divorced?","richBody":{"value":"In the event of a divorce, you must indicate whether your pension investments should be divided with your (ex-)partner. Together, you decide whether and what portion will be split.
Please note: You must make these arrangements yourselves and include them in the divorce agreement. ING will carry out the division based on what you have agreed upon.
Read more about pension investing and divorce here.
"}},{"title":"What happens to my pension investment account if I emigrate?","richBody":{"value":"If you move abroad and remain liable for taxes in the Netherlands, there may be (tax) implications for your pension investment account. This depends on the country you move to and your tax status.
For example:
You are responsible for reporting your emigration and for checking the consequences for your pension investments.
Read more about pension investing and emigration here.
"}},{"title":"What happens to my pension investment account if I pass away?","richBody":{"value":"In the event of your death, 100% of the balance is transferred to the beneficiaries. They can choose to either cash out the amount or purchase a new annuity, which provides step-by-step support, although the beneficiaries must make this decision themselves.
The beneficiaries should contact ING to report the death.
Read more about pension investing and what happens after death here.
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