News

Decision on new pension choice ‘lump sum’ postponed to July 1, 2025

24 November 2023

The government has again postponed the introduction of a lump sum. Earlier, we informed you that this new pension choice would take effect in January 2025 at the earliest. That date has now been postponed to July 1, 2025.

What is a lump sum?

This is a bill to make it possible for you to receive a maximum of 10% of your accrued pension in one go when you retire. By opting for a lump sum, the pension you subsequently receive monthly will be lower. It may also have consequences for the allowances you receive or for your tax return.

When will there be more clarity about this pension choice?

Firstly, the House of Representatives will discuss the option of a lump sum. If they approve this bill, it will go to the Senate. Only if they also agree, the option for a lump sum will be final. The government thinks that July 1, 2025 is a realistic target, but indicates that further postponement is also possible. As soon as there is more clarity about this pension choice, we will inform you.