After looking into it, he finds that his employer does not offer a pension scheme. If this remains the case for many years, Morris will build up less pension than someone who does build up pension through an employer.
This does not mean he has an immediate problem. He still has many years ahead of him. But the sooner he takes action, the more time his capital has to potentially grow.
"}},{"componentType":"sectionTitle","title":"Morris explores his options"},{"componentType":"paragraph","richBody":{"value":"Morris explores different ways to build up capital for later. There are several options. You can save or invest, make your own choices or leave management to someone else, and keep your money freely available or set it aside specifically for later. Two options Morris takes a closer look at are pension investing and regular investing.
"}},{"componentType":"paragraph","richBody":{"value":"With Pension Investing, Morris can do for himself what employers do for many employees: set money aside for later. The money is locked away until retirement, so he knows he will not spend it in the meantime on a holiday, home improvements or other plans. He may also benefit from tax benefits.
"},"title":"Pension investing:"},{"componentType":"paragraph","richBody":{"value":"Morris can also choose regular investing. The advantage is that he can access his money whenever his plans change, for example if he wants to buy a home or work fewer hours temporarily. Because he is still young, his money also has decades to potentially grow.
"},"title":"Regular investing"},{"componentType":"sectionTitle","title":"In brief"},{"componentType":"paragraph","richBody":{"value":"| Pension investing | Regular investing | Similarities |
|---|---|---|
| Potential tax benefits on your contribution | No tax benefits on your contribution | Option to invest in broadly diversified funds |
| No wealth tax on the capital you build up | Wealth tax may apply to capital above a certain threshold | You choose your own risk profile |
| Your money is locked away until retirement | You can access your money at any time without tax consequences | No mandatory contribution |
| Your capital is later paid out periodically. You pay income tax on these payments. | You decide when and how much to withdraw. Withdrawals are free of charge. | Accessible and easy to manage in the app |
| Specifically intended for building up pension | Suitable for several goals | Easy to get started |
"}},{"componentType":"sectionTitle","title":"Why starting earlier can make a difference"},{"componentType":"paragraph","richBody":{"value":"
Because Morris is still young, his money has plenty of time to potentially grow. Even a relatively small monthly contribution can therefore make a difference over the long term.
There are different ways to build up capital for later. The solution that suits you best depends on your goals, financial situation and how much flexibility you want to access your money in the meantime.
"}},{"componentType":"cta","textLink":{"text":"View different investment options","url":"/en/personal/investing"}},{"componentType":"sectionTitle","title":"You may also be interested in"},{"cards":[{"cardSize":"small","cardType":"product","componentType":"productCard","image":{"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},"intro":"Find out how to check whether you have a pension gap","link":{"url":"/en/personal/investing/investments-at-ing/do-i-have-a-pension-gap"},"title":"Do I have a pension gap?"},{"cardSize":"small","cardType":"product","componentType":"productCard","image":{"extension":"jpg","original":"https://assets.ing.com/asset/3d63c50f-0e68-4e27-8876-272bbce1c5da/young-man-using-mobile-phone-while-standing-in-office.jpg","publishedAt":"2023-04-25T09:58:40Z","transformBaseUrl":"https://assets.ing.com/transform/3d63c50f-0e68-4e27-8876-272bbce1c5da/young-man-using-mobile-phone-while-standing-in-office","type":"image","updatedAt":"2025-05-22T09:32:23Z","width":1700},"intro":"Schedule a personal conversation to discuss your pension questions","link":{"url":"/en/personal/financial-health/insight-conversation-theme-pension"},"title":"Pension Insight Conversation"},{"cardSize":"small","cardType":"product","componentType":"productCard","image":{"extension":"jpg","original":"https://assets.ing.com/asset/e2cc4896-607f-4e91-86b7-bebe18ad5202/Adviseur-Vermogensbeheer.jpg","publishedAt":"2019-08-28T00:00:00Z","transformBaseUrl":"https://assets.ing.com/transform/e2cc4896-607f-4e91-86b7-bebe18ad5202/Adviseur-Vermogensbeheer","type":"image","updatedAt":"2024-05-14T18:08:35Z","width":5700},"intro":"Explore the potential tax benefits 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":"3a34cdbf-a78d-49b4-980b-8b08671b575a","localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Start investing at ING","url":"/en/personal/investing/investments-at-ing"}},"componentType":"productHeader","coreHeader":{"body":"Morris (26) recently started working at a fast-growing start-up. He is mainly focused on his career and does not think much about retirement yet. \r\n\r\nOne of his friends, who has also started a new job, says that his employer offers a very good pension scheme. This makes Morris wonder: does his employer actually offer a pension scheme?","headerImage":{"extension":"jpg","original":"https://assets.ing.com/asset/64b4268d-d673-4c8c-84e6-68d8df2cff7b/Student-sat-at-a-table-outside-laughing-as-he-chats-to-someone-on-his-phone.jpg","publishedAt":"2020-09-24T00:00:00Z","transformBaseUrl":"https://assets.ing.com/transform/64b4268d-d673-4c8c-84e6-68d8df2cff7b/Student-sat-at-a-table-outside-laughing-as-he-chats-to-someone-on-his-phone","type":"image","updatedAt":"2024-05-29T07:27:35Z","width":5700},"title":"Am I actually building up a pension?"}},"publishDate":"2026-10-01T14:25:58.684+02:00"}}