Whether they're selecting a holiday destination, a schooling programme or a new house, consumers like to make informed decisions based on clear and comprehensible options. This also applies to pension plans. The Pension Planner is a handy online tool that helps you make calculations for every phase of your life.

Whether your income is going up, your working hours are going down, your employment is ending or your retirement age is rising, the Pension Planner can help you calculate whether your pension is on track and how some of your choices will affect your pension.

More income
An increase in your income (up to € 105,075 gross per year in 2018), will have an impact on your pension accrual. The pension you build up over a year is based on the salary you earn in that year. After your salary raise, you continue to build up pension, but the pension you accrued before your raise continues to be based on your former salary. So it's a good idea to keep a close eye on how your pension is developing. Use the Pension Planner to find out what options you have to balance your income and expenditures.

“I was surprised to see my pension was not on track.
But then I noticed I could manually adjust the standard settings for expenditures.
It makes quite a difference in my case, because I hardly have any
mortgage left to pay and spend very little on groceries.”

Fewer working hours
Working on a part-time basis has an impact on your pension accrual. The amount of pension you build up is based on your pensionable income. Reducing your working hours means you will (probably) earn less income, which also means you build up less pension. There are some exceptions, though. If you work part time temporarily in combination with parental leave or unpaid leave, your pension may continue to build up based on your regular salary. Check the Pension Planner to find out how this affects you.

Leaving employment
If you leave ING, you’ll cease to build up pension but you'll keep your entitlement to the pension you already built up. Before making any final decisions that will affect your pensionable income, it's a good idea to check with the Pension Planner.

AOW retirement age rises
The retirement age for Dutch State pension (AOW) is gradually being raised. By 2022, the AOW retirement age will be 67 years and three months. Starting in 2023, the AOW retirement age will be linked to life expectancy figures for the Netherlands. The Pension Planner’s calculations are based on your AOW pension starting at 67 years of age. You can calculate how this works out for you in pre-tax and net amounts.

Visit the Pension Planner
No matter what phase of life you’re in, visiting the Pension Planner is worth your while. Use your DigiD to login and find out whether your pension is on track and how your pension choices will affect the pension you'll receive when you retire.