Your pension choices at SNPS
Your pension starts when you turn 68. You can also opt for a late retirement. You can retire early from the age of 55. Or you can delay your pension until the age of 70. The choices you make regarding your retirement date depend in part on your personal situation. Watch the video to learn about the possibilities.
Or read more here:
- additional pension until AOW
- exchanging partner’s pension
- higher or lower pension benefit
- draw a one-time payment (from 1 January 2025 at the earliest)
Calculate the effect of your pension choices with my-Flexplanner
You will find my-Flexplanner in my-Shell pension.
What do you have to arrange for your pension?
What you need to arrange (yourself) depends on when you retire.
Important: If you would like to receive a (surviving dependants’) pension or an AOW state pension, you will need a citizen’s identification number (bsn).
You don’t have to arrange anything in advance. You will receive more information from us 6 months before your retirement date. This will let you know how to apply for your pension and what else you need to arrange.
This is possible from age 55. Please bear in mind that your pension will have to be paid over a longer period. This means you will accrue less pension. Your monthly pension benefit will therefore decrease. Please note: receiving your pension early may have tax implications. It is recommended to seek advice in this respect from a tax expert.
In the case of part-time retirement, you will continue to work reduced hours. You will continue to accrue a pension on the time you work. The reduced time is considered retirement. This should be arranged in consultation with your employer.
How to arrange your pension1. Let us know when you want to retire 6 to 12 months in advance. Use this form to inform us.
- • Still working for Shell? Inform your supervisor in good time so they can start the off-boarding process.
2. You will receive information about the expected pension.
3. Submit your final choices using the form that you will receive from us
4. After your application, you may no longer adjust the start date and the retirement percentage. You can adjust other choices up to 2 months in advance.
You can defer your pension until age 70. Send us a notification if you would like to receive your pension later. Still working for Shell? Discuss this choice together with your employer.
Do you have any questions?
Schedule a personal video consultation, call us or send an email. We are always happy to help you!