Frequently asked questions

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Answers to questions about the top-up scheme

Are you new to Robeco and does your gross annual salary exceed €87,302? Then you participate in the gross supplementary scheme and may choose what you want to do with your premium.

Every year there is something to choose from: At the same time as the annual salary round, you can choose what you want to do with your available premium in the supplementary pension scheme(s). You may have received an e-mail message about this and have already had a chance to read about it on Robeco’s intranet. Below you can read the most frequently asked questions and their answers.

These are individually available premium schemes, through which you build up a capital to purchase a pension benefit on retirement date. Depending on your salary, you can participate in these gross and/or net defined contribution schemes. General information on the top-up schemes and what it entails can be read here.

Use this handy decision tree to see which schemes apply to you.

The amount of the premium depends on your salary and age and is shown in the table below:

Age on April 1. %
21-24 years old 6.0%
25-29 years old 7.3%
30-34 years old 8.9%
35-39 years old 10.9%
40-44 years old 13.3%
45-49 years old 16.3%
50-54 years old 20.0%
55-59 years old 24.8%
60-66 years old 31.1%

 

By default, the employer deposits the premium for the gross top-up scheme into an account opened for you by Pensioenfonds Robeco. For the net top-up scheme, the employer deposits the premium into a net account. Every year you have the choice of having the premiums deposited into your account(s) or opting out. Opt out means that the premiums are paid as salary.

Tax scales
The age-dependent premium paid by the employer may differ from the maximum premium that can be paid into your top-up account for tax purposes. If your age-dependent premium exceeds the maximum fiscal premium, the rest of the premium will be paid as salary.

Each year, the pension regulations include the most recent tax increments.

Both the gross and net top-up schemes are individual defined contribution schemes. You automatically join these schemes. Your pension contribution is paid by the employer into your personal pension account.

Once you are a participant, you can log in to a portal and determine your attitude to risk and choose a life cycle. Only in the net scheme is there the option to invest yourself.

<process has been/will be updated: further info will be posted asap>

However, the employer also offers the option not to transfer your premium to your personal pension scheme, but to have it paid out as salary. We call this opting out.

Every year in March, the employer gives you the choice of whether or not to opt out. You can make this choice for both the gross and net supplementary scheme. If you do not opt out, your pension premium will automatically be transferred to your personal pension account each month for one year.

We cannot give you any advice, but we have listed the pros and cons of your choices for you. You check it out here.

The choice moment for what you want to do with your available premium is when you join the employer or at the annual calibration moment on 1 April. However, the letter from the pension fund with the scenarios will come later. So possibly after you have already made the choice.

If you want to wait for the letter with scenarios, you can opt out now and reconsider your choice at the next calibration moment on 1 April. You can also choose to have your premium transferred automatically to your pension account and reconsider your choice at the next calibration moment on 1 April.

The primary objective of the available premium provided by the employer is to build up a pension. So if you do not make the choice, then you know that at least pension is being built up for you.

If you opt out, then you know that you can make the choice again the next time in March. You can then decide to join.

Keep in mind that the premium once deposited in your personal pension account has a pension destination. So you can no longer dispose of it freely.

Conversely, if you do not contribute for a year, you will not be able to make up for that ‘lost’ year in the future. So if you still want to save extra for your pension, you have to arrange this outside Pensioenfonds Robeco.

Pension fund Robeco no longer offers the option of making additional contributions yourself.

If you want to know whether you have extra free tax space to save extra for retirement in private (e.g. via bank savings), get proper information from a financial expert.

You can also read more about this on the Tax Administration’s website: Bereken uw aftrekbare lijfrentepremie (vanaf 2016) (belastingdienst.nl)

The premium provided by the employer as a condition of employment may be higher than the maximum available premium that can be deposited into your top-up account according to the tax graduated scale. For example, because you have been employed for longer and receive compensation payments as part of your supplementary premium.

The change that the 13th month, which now falls under the pensionable base for the basic scheme, also has an effect. So you already build up pension on that in the basic scheme, leaving less tax space for the DC premium.

The ‘excess’ premium is automatically paid monthly as salary.

Whether it makes contributions or not, your depentents’ pension and disability pension remain insured as usual.

In our pension scheme, you accrue dependents’ pension over your pensionable salary up to the end of scale 100. In addition, your dependants’ pension is insured over future years of service based on your full T.V.I.

Even if you opt out of your DC contributions, your dependents pension remains insured as long as you are an active member. The capital you accrue on your supplementary accounts will be used to purchase an additional dependents’ pension in case of death. So if you opt out, your dependents’ pension will be reduced.

Although you can choose to opt out every year, we want to give you insight into the consequences of your choice at the start of participation in the supplementary scheme.

After you become a participant, you will automatically receive an information letter from the pension fund indicating the level of your expected retirement pension under three different scenarios if you were to continue participating in the supplementary scheme until your retirement date. This information is required by law.

In the scenarios, we take into account that you get older and that your pension contribution increases with your age.

You can continue investing with the capital in your top-up accounts even after retirement date. You cannot do this with your accrued pension in the basic scheme. If you continue to invest, your pension benefit will continue to depend on investment returns after your retirement age. We call this a variable benefit.

Advantages and disadvantages of variable benefits
Investing further after retirement has the advantage that you can earn extra returns on your ‘pension pot’. This can be an interesting option. Of course, your pension benefit may also become worth less by reinvesting.

Are you considering opting for a variable pension benefit?
Then it is wise to talk to a pension adviser about this. That way, you can properly list the pros and cons. Here, it is good to know that a combination of fixed and variable benefits is also possible.

At the moment, Pensioenfonds Robeco does not offer the option for reinvestment itself. If you want to take advantage of the option to continue investing after retirement, we would be happy to refer you to an insurer that does offer it.

In 2024, the maximum salary over which you can accrue gross pension has been legally increased from €128,810 to €137,800. It is therefore possible that you participated in the net DC scheme last year but can only contribute in the gross DC scheme in 2024. However, the total pension contribution you receive above an annual salary of €87,302 remains unchanged.