Are you setting aside money for later? In many cases, you can deduct your contribution from your tax return. This means you pay less income tax and may receive money back from the Dutch Tax Administration.
Curious about what a tax benefit could look like in practice? Below are two examples showing how a contribution to your pension account can result in tax savings.
"}},{"actionAccordionList":[{"icon":{"altTextNL":"\"\"","extension":"svg","original":"https://assets.ing.com/asset/93160bf2-e0a9-463b-a803-c9bed727257d/Transactions-Transfer_Out_Euro_Outline.svg","publishedAt":"2022-07-04T15:11:50Z","transformBaseUrl":"https://assets.ing.com/transform/93160bf2-e0a9-463b-a803-c9bed727257d/Transactions-Transfer_Out_Euro_Outline","type":"image","updatedAt":"2023-12-21T20:17:04Z","width":32},"paragraphs":[{"componentType":"paragraph","richBody":{"value":"Lisa builds up a pension through her employer. Because her pension accrual is lower than the maximum tax-advantaged pension accrual permitted by the government, she has room left to build up additional pension herself. This available space is called your fiscal annual allowance.
Lisa calculates a fiscal annual allowance of €2,500 and decides to contribute this amount to her pension account.
Because her income of €40,000 falls within the 37.48% income tax bracket, she can deduct this contribution from her tax return. As a result, she receives approximately €939 back from the Dutch Tax Administration.
Lisa contributes €2,500 for later, but her net contribution is approximately €1,561.
Please note: The results above are not guarantees. They are examples of what you may achieve with Pension Investing based on the current tax rules. Tax regulations may change. You will pay income tax on pension payments received from your pension capital.
Lisa | Age 32 | Employed | Income €40,000
"}}],"componentType":"actionAccordion"},{"actionAccordionList":[{"icon":{"altTextNL":"\"\"","extension":"svg","original":"https://assets.ing.com/asset/93160bf2-e0a9-463b-a803-c9bed727257d/Transactions-Transfer_Out_Euro_Outline.svg","publishedAt":"2022-07-04T15:11:50Z","transformBaseUrl":"https://assets.ing.com/transform/93160bf2-e0a9-463b-a803-c9bed727257d/Transactions-Transfer_Out_Euro_Outline","type":"image","updatedAt":"2023-12-21T20:17:04Z","width":32},"paragraphs":[{"componentType":"paragraph","richBody":{"value":"Hendrik is self-employed. Because he does not build up a pension through an employer, he has more room to build additional pension himself and benefit from tax advantages.
Hendrik calculates a fiscal annual allowance of €10,000 and contributes this amount to his pension account.
Because his profit of €65,000 falls within the 37.48% income tax bracket, he can deduct this contribution from his taxable profit. As a result, he pays approximately €3,748 less in income tax.
Hendrik contributes €10,000 towards his pension, while the net cost is approximately €6,252.
Please note: The results above are not guarantees. They are examples of what you may achieve with Pension Investing based on the current tax rules. Tax regulations may change. You will pay income tax on pension payments received from your pension capital.
Hendrik | Age 50 | Entrepreneur | Profit €65,000
"}}],"componentType":"actionAccordion"},{"componentType":"sectionTitle","title":"Your pension capital is not included in Box 3"},{"componentType":"paragraph","richBody":{"value":"Normally, savings and investment assets are subject to taxation in Box 3. Money held in a pension investment account is not.
As a result, you do not pay annual Box 3 tax on this capital while you are building up your pension.
Please note: This is particularly relevant if your assets would otherwise exceed the Box 3 tax exemption threshold.
"}},{"componentType":"sectionTitle","title":"How much can you contribute?"},{"componentType":"paragraph","richBody":{"value":"You cannot make unlimited use of pension tax benefits. The government determines how much room you have each year to build additional pension with tax advantages.
This tax-advantaged room is called your fiscal annual allowance.
The amount of fiscal annual allowance available to you depends on factors such as your income, age and the pension you already build up.
Didn't use all of your available allowance in previous years? You may also be able to use your carry-forward annual allowance.
"},"textLinks":[{"text":"Read more about fiscal annual allowance","url":"/en/personal/investing/investments-at-ing/how-do-i-calculate-my-fiscal-annual-allowance"}]},{"componentType":"sectionTitle","title":"Good to know about the tax benefits"},{"componentType":"paragraph","richBody":{"value":"The tax benefits are intended to help you build additional pension. Therefore, a number of conditions apply.
Learn how ING Pension Investing works, what the benefits, costs and risks are, and whether it is right for you.
"}},{"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":{"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"}],"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":"6971d922-110f-43f8-a308-1d97cccf645e","localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Start investing at ING","url":"/en/personal/investing/investments-at-ing"}},"componentType":"productHeader","coreHeader":{"body":"Taxes are usually not the most exciting topic. But when you're building up your pension, taxes can actually work in your favour. There are two tax benefits that can make Pension Investing attractive.","headerImage":{"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},"subtitle":"Whether you're self-employed or employed by a company, Pension Investing can offer several tax benefits. On this page, we explain what these benefits are and how they work. This page is an English translation of the original Dutch version.*","title":"The tax benefits of Pension Investing"}},"publishDate":"2026-10-02T15:51:10.937+02:00"}}