The amount of your pension benefit

When you retire, we sell your investments. With this pot of money, you purchase a pension. Good to know: you cannot purchase a pension with BeFrank. You choose a pension administrator from whom you receive pension every month for the rest of your life. But what determines the amount of your pension?

What determines the amount?

If you are still investing for your pension (i.e., accuring your pension), you can see your expected pension benefit on your personal pension page. Once you retire and purchase your pension, you will know exactly how much pension you will receive. The final amount of your pension benefit depends on several factors:

1. Your pension pot

On your retirement date, we sell your investments. Then you know exactly how much pension you have accrued. You use this pot of money to purchase your pension.

2. The interest rate at the time of purchase

The higher the interest rate, the higher the pension benefit. The lower the interest rate, the lower the pension benefit. BeFrank protects your pension to a large extent against the influence of interest rates. The closer you get to your retirement date, the more you invest in matching funds.

3. The average life expectancy

Pension administrators estimate the average life expectancy. The higher the age, the lower the monthly benefit.

4. The pension choices you make

You choose which pension administrator you purchase your pension from. The amount of your pension benefit and the conditions vary by administrator. Read more about the pension choices you can make.

Want to know more about retiring?

With the step-by-step plan, we help you on your way to retirement. This way you know exactly when to do what.