Shell Net Pension Scheme

Extra pension above the statutory tax limit

Do you earn more than € 123,886 per year? Then you automatically participate in the Shell Net Pension Scheme.

Is the Shell Net Pension Scheme right for you?

At Shell, everyone accrues pension on their gross salary. If you earn more than the tax maximum for pension accrual (€ 123,886), you automatically build up additional pension through the Net Pension Scheme. This way, you accrue pension on your entire salary. Participation is voluntary – you can choose to opt out.

How does the Shell Net Pension Scheme work?

You pay contributions from your net salary. You will be reimbursed by Shell for this.
With these contributions, you accrue capital for your pension. At retirement, you use this capital to purchase a benefit: your net pension.
We invest your capital according to your risk profile– this applies to both the SNPS basic pension scheme and the Net Pension Scheme.
There is also a partner’s pension: if you pass away while employed by Shell, your partner receives a lifelong partner’s pension:
- Provided your partner is registered with us.
- The cost (premium) for this insurance is paid from your capital.
- You and your partner can choose not to insure a partner’s pension.
If you become incapacitated for work, we pay the contributions according to the percentage of incapacity. See the page on incapacity for the percentages.

You can read all conditions in the regulations (pdf).

Reasons to participate

You can also accrue additional pension on the part of your salary above the tax limit.
SNPS invests collectively, which helps keep investment costs lower compared to investing individually.
If you are mid-career and just above the tax limit, your accrual is likely to grow, making the scheme more beneficial.
You are insured for a partner’s pension – also for the part of your salary above the tax limit.

Reasons not to participate

You do not need to accrue additional pension.
Your salary is close to the tax limit and you do not expect it to increase significantly – in that case, the benefit of the Net Pension Scheme is limited.
You receive a contribution with your salary. If you opt out, you can decide how to use that money yourself.

Track your Shell Net Pension in my-Shell pension

In my‑Shell Pension, you can see how your capital for pension is developing and find information about the options within the Net Pension Scheme. You also receive an annual Uniform Pension Statement (UPO), showing the pension you have accrued. You can view this UPO in my‑Shell Pension.

Decide whether to accrue additional pension

Ask a financial adviser for advice. You can also follow the Pension at Shell e-learning, which explains the SNPS scheme and alos the Shell Net Pension Scheme.

Prefer not to participate in the Shell Net Pension Scheme? Let us know

Opting out is done via the available on HR-net. Your partner must also sign the Net Pension opt-out consent form (Pdf). Submit the forms via HR-net. Do you want to participate but not insure a partner’s pension? Please contact us. Your partner must agree to this.

Want to participate in the Net Pension Scheme again after opting out?

Fill out the Opt-in form on HR-net and send it to HR Operations via HR Online. We may ask for medical safeguards, such as completing a health declaration.

You can also opt out after you already participated. Sometimes we commute your pension.

If you stop participating in the Net Pension Scheme before retirement, it may be that your accrued pension is so small that we ask if we can commute it. This only happens if your pension is lower than € 632,63 bruto per jaar (2026). This limit is set by law. If we intend to buy out your pension, we will contact you.

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