About to give up work: What’s the best way to use your pension amount? | money

It prompts “shopping”, says Wolfson. “The insurance company where you get a pension is definitely not always the insurance company that pays the highest.” The differences between pension insurance companies are large and sometimes reach tens of euros per month.

“Most people start making some comparisons a few months before retirement to see how much pension they get and which provider is the best,” Wolfson says.

“Now that interest rates are up, we’re seeing that people are getting more active with that and they’re trying to secure the highest pension.” Once the annuity is purchased, it can no longer be exchanged. On several websites, including: moneywise.nl And the pensionkoers.nl, it is possible to compare service providers. You can also contact a specialist for advice.

Those who retire early save less. During mijnpensioenoverzicht.nl You can find out how much pension you owe.

Under the new Pensions Act, which is set to take effect next July, it’s also possible to have up to 10 percent of your total retirement savings deposit paid directly into your account on your retirement date. For example, to buy a mobile home or (partially) to pay off a mortgage.

However, this has several drawbacks. “Your pension in the future will be 10 percent lower,” says Wienen. This may also apply to the survivor’s pension, which is the pension that the partner receives after your death.

10 percent is also seen as income, as a result of which a large tax may have to be paid on this. In addition, it may have consequences for some additional fees.

So Wienen expects that few future retirees will benefit from this. “Unless, say, someone is in poor health and is not expected to live that long.”

The Nybod Budget Institute is concerned that 10 percent may suddenly be withdrawn. “Based on emotion, people can quickly choose a large amount at once, while there are better options from a financial standpoint,” Director Arjan Fligenthart said earlier in a statement. press release.