Receive 10% of your pension as a one-time payment

If you opt for a one-time payment, you can receive part of your accrued pension as a lump sum when you retire. This is a maximum of 10% of the value of your accrued retirement pension. This bill still needs to be approved.

You will hear from us as soon as the one-time payment is discussed 
The assessment of the law on one-time payment has already been postponed several times. That is why we will inform you further as soon as it is clear that the law is really being discussed by the House of Representatives and the Senate. 

More freedom of choice with a one-time payment on your retirement date
How you choose to use your one-time payment is up to you. You might decide to pay off your mortgage, buy a camper van or go on a trip, etc. The one-time payment enables you to align your pension better to your personal circumstances and preferences.

More money now but less later
If you opt to receive a one-time payment on your retirement date, the monthly pension benefits you receive after this date will be lower. We advise you to ask a financial adviser to see whether you would then still have enough income to cover your planned expenditure.

A one-time payment can affect your taxes and benefits
Taking out a one-time large payment may put you in a higher tax bracket in the year you retire. Any supplements you may be receiving from the government could be reduced or disappear. With this in mind, we advise you to consult a financial adviser. Have a look at belastingdienst.nl or toeslagen.nl (deductions) for more information.

At SSPF a one-time payment will have consequences for your other pension choices
If you opt to receive a one-time payment, you will not be able to choose to:

How to arrange your pension?
From age 55 you can tell us your pension choices via my-Shell pension. Do this at least 6 months before your retirement date. Do you first want to see the consequences of your choices for your pension? You can calculate these with my-Flex planner via my-Shell pension. Log in easily and safely with your DigiD.

My-Shell pension

Please note:
You can already calculate what one-time payment means for you. It is just not possible to receive a one-time payment as yet. You will hear from us as soon as one-time payment is actually discussed in the House of Representatives. This has already been postponed several times.

Do you have questions?
Schedule a video call if you have any questions. Alternatively, call us or send us an email.