Grip on your pension

Imagine, you are retiring today. What is your income in that case? In this video we explain which tools give you insight into your future income.
After the video you can read about your pension in the Netherlands and about your pension with Shell.

You will need income after retirement. Your future income can consist of 3 components:

  1. a basic retirement pension from the state (AOW)
  2. pension you accrued through your employer (Shell and possible former employers)
  3. your own pension provisions, such as an annuity or via a tax-efficient blocked bank savings account.

These 3 components form the pillars of the Dutch pension system: how we ensure that people in the Netherlands have an income after retirement.

1. The state pension (AOW)
AOW stands for: General Old Age Insurance Act. It is the statutory state pension. You accrue this pension in approximately 50 years, provided you live or work in the Netherlands. The statutory retirement age goes up in steps and depends on your date of birth.

If you have not always worked or lived in the Netherlands, this will have an impact on your state pension amount.

View SVB.nl for an estimate of your statutory retirement age and for the state pension you have accrued. There you also find information about taking out voluntary additional assurance for the state pension in case you live or work abroad.

2. The pension you accrue through Shell
If you are employed by Shell, you accrue pension in one of our pension schemes. Perhaps you do not know which pension scheme applies to you. A decisive factor in this is the date you started employment at Shell: before or after 1 July, 2013. And whether you earn more than approximately € 100,000,-.

  • Did you start employment at Shell before 1 July, 2013? Then SSPF (Stichting Shell Pensioenfonds) arranges your pension. Read more about the SSPF pension scheme.
  • Did you start employment at Shell on or after 1 July, 2013? Then SNPS (Shell Nederland Pensioenfonds Stichting) arranges your pension. Read more about the SNPS pension scheme.
  • In the Shell Net Pension Scheme you accrue pension on the part of your salary exceeding € 100,000,- approximately. For the exact amount applicable for you, see the Pension 1-2-3. Read more about the Shell Net Pension Scheme.

3. Your own pension provisions
You can supplement the pension from your employer(s) and your basic retirement pension from the state yourself. For instance with savings, via a tax-efficient blocked bank savings account or via an insurance, such as an annuity. Whether this is necessary is up to you and depends on your personal situation and wishes. A financial adviser can offer assistance in making these decisions.

Do you want to know more about your pension at Shell?
Then log in to my-Shell pension, your personal portal. Or read more about your pension in Pension 1-2-3. Also view mijnpensioenoverzicht.nl. Unfortunately this website is only available in Dutch. Here you find an overview of the total pension you accrued at Shell and possible former employers.

my-Shell pension

Pension 1-2-3