Most asked questions

The new Pensions Act affects all pension schemes offered by pension providers. What will change in your scheme depends on the choices your employer makes. You can find more information about this and about how you will be informed on The transition to the new Pensions Act. 

Employers still have sufficient time to adjust their pension schemes. If your employer is nonetheless too late, this will have tax implications for your pension. 

You do not yet pay tax on the pension you build up. Only once you retire you pay tax on the pension benefit you receive each month. If your employer does not adjust the pension scheme before 1 January 2028, the Dutch Tax Administration will regard your accrued pension as additional salary. This means that: 

• you will pay income tax and revision interest on your pension; 

• the value of your pension will count as assets in box 3; 

• due to this one-off increase in your income, deductions such as charitable donations and healthcare expenses may be lower. 

In short: you will pay more tax if your pension scheme is not adjusted on time. 

Your employer is required to inform you if your pension scheme is adjusted in accordance with the new Pensions Act. Ask your employer how they will keep you updated. BeFrank will also inform you by e-mail and on your personal pension page when your pension scheme changes. 

Your pension scheme must comply with the new Pensions Act by 1 January 2028. You do not need to take any action yourself. Your employer will adjust the scheme. Whatever the timing of the transition, we will work together with your employer and the pension adviser to make sure you know what to expect in good time. 

What changes for you personally depends on the choices your employer makes. These choices are made together with a pension adviser and sometimes with employee representatives, such as the works council. Together, they determine what your new pension scheme will look like. As soon as your pension scheme is adjusted, you will receive more information about it. 

No, you do not need to do anything yourself. Your employer is responsible for adjusting the pension scheme. They have until 1 January 2028 to do so. Would you like to know what to expect and when regarding your new pension scheme? Please check this with your employer. BeFrank cannot indicate when your employer intends to switch to the new Pensions Act. 

If you would like personal advice about the choices you can make once your pension scheme is adjusted, please consult a pension adviser. Keep in mind that this may involve costs. 

On the page The transition to the new Pensions Act we explain in detail how this process works at BeFrank. If your pension scheme will be adjusted, your employer will inform you beforehand. BeFrank will also keep you informed. Read more here about how and when we communicate with you during the transition to the new Pensions act.

It is wise to get advice when purchasing your pension, so that you choose a pension that suits your personal situation. Read more about this on Pension advice.

No, we won’t. We will take care of your pension capital until the moment you retire. When you retire, you will purchase a pension from a pension administrator with the total value of your investments (together with any other pension pots). You yourself will choose which pension administrator to do this with.