Open a pension account

Saving and investing for a comfortable retirement

Pension account

Variable interest rate

1.90%

Pension savings and investment in one product
Saving and investing with a potential tax credit
Open yours in just 5 minutes

One product: flexible saving and investing

Saving for your pension? Or prefer to invest? Or perhaps do both to spread the risk? With us, you can save and invest flexibly for your top-up pension using the pension account. The capital in this account is intended for your pension, meaning that you cannot just withdraw money from the account. When you reach the state pension age, you can arrange for your top-up pension to be paid out on a regular basis as gross income.

One product: flexible saving and investing

Savings

Savings are not susceptible to any stock market fluctuations. Every euro you save goes towards the pension you will get when you retire. The savings interest rate currently stands at 1.90%.

Saving and investing

The pension account lets you both save and invest for your pension. This way you both have a steady savings pot that keeps growing with a variable interest rate that currently stands at 1.90% and you can invest with potentially even higher returns.

Investing

Investing can be a smart way to top up your pension. It may get you higher returns than saving, but it also comes with risk.

Get a bonus up to €100

Apart from saving money for your pension, you can also invest money for your pension. Now that’s worth celebrating! Open a pension account before 1 January 2025, deposit €500 into the account and you’ll receive a €50 bonus. If you also choose the pension investment option and place your first investment order, you’ll receive another €50.

If you already have a pension account, you can still get a €50 bonus.

Please note: you could lose part of your initial investment.

Take a look at the promotion

All the info at a glance

Tax credit

You can deduct money you put aside towards a pension top-up from your taxable income, but the amount you deposit may not exceed your annual margin (jaarruimte) and/or reserve space (reserveringsruimte).
You will not be liable to pay wealth tax (for taxable income from savings and investments) on the amount you’ve accumulated in your pension account.
You will, however, be liable to pay income tax and social security contributions on the payments you receive after retiring.

Interest and charges

Variable interest rate

The money you put aside for your pension in a pension account is intended for when you retire. The interest rate on the savings in the pension account is variable and currently stands at 1.90%. We reserve the right to change the interest rate. The interest you accrue will be transferred to your account on 1 January every year.

Opening fee

You pay a €49 opening fee when you open your pension account. At ABN AMRO, a pension account is called the Pensioenaanvulling.

Pension investment (related) fees

Pension investment is subject to a service fee charged as a fixed percentage of the value of your investments. You will be charged 25% of the annual fee on a quarterly basis. There is also a fee to cover investment funds’ expenses, i.e. a fund’s ongoing fees and transaction fees. Further details of service fee are provided on the fee sheet.

Deposits

It's up to you to decide what money you want to put into your pension account:

the amount of your annual margin or any reserve space you have, and/or
a bank savings product or life insurance policy with another bank or insurance company, and/or
your business discontinuation profit or old-age reserve.

If you already have a pension account with us, you can, for example, opt to deposit an amount automatically every month. You won’t have to think about it and you’ll accrue extra pension for later without noticing.

You must just make sure that the amount you deposit into your pension account every month or year stays within your annual or reserve space. You can then deduct this amount from your taxable income on your tax return.

Withdrawals

The pension account is a special account that does, in principle, not allow any withdrawals by anyone before you retire.

If you do want to withdraw all the money in the account as a lump sum, this is called ‘commutation’. It’s important to think carefully about this, as it is subject to a commutation fee. On top of that, the Dutch Tax and Customs Administration may also impose a penalty for the commutation amount. If you’re considering withdrawing money, please get in touch.

If you decide to transfer the money in your ABN AMRO pension account to another bank or insurer before your state retirement age, you will be charged €150.

Your money is safe

The funds in your pension savings account are covered by the Dutch Deposit Guarantee Scheme, meaning that your savings are automatically protected if the bank goes bankrupt, up to a maximum of €100,000 per person. The protection applies to the total amount you have (in all your accounts together) with ABN AMRO Bank N.V.

Banks are required to abide by the asset segregation requirement. This means that your investments cannot be classed as part of your assets. You are, however, eligible for the investor compensation scheme. For more information about this scheme, search for ‘Investor compensation’ on the English pages of the website of the Dutch central bank DNB.

Terms & conditions

Take a look at our terms and conditions:

Important information:

All the info at a glance

Tax credit

You can deduct money you put aside towards a pension top-up from your taxable income, but the amount you deposit may not exceed your annual margin (jaarruimte) and/or reserve space (reserveringsruimte).
You will not be liable to pay wealth tax (for taxable income from savings and investments) on the amount you’ve accumulated in your pension account.
You will, however, be liable to pay income tax and social security contributions on the payments you receive after retiring.

Interest and charges

Variable interest rate

Opening fee

You pay a €49 opening fee when you open your pension account. At ABN AMRO, a pension account is called the Pensioenaanvulling.

Pension investment (related) fees

Deposits

It's up to you to decide what money you want to put into your pension account:

the amount of your annual margin or any reserve space you have, and/or
a bank savings product or life insurance policy with another bank or insurance company, and/or
your business discontinuation profit or old-age reserve.

Withdrawals

The pension account is a special account that does, in principle, not allow any withdrawals by anyone before you retire.

If you decide to transfer the money in your ABN AMRO pension account to another bank or insurer before your state retirement age, you will be charged €150.

Your money is safe

Terms & conditions

Take a look at our terms and conditions:

Important information:

In 3 steps to a good pension

Step 1: check your pension

Go to Mijnpensioenoverzicht and log in with your DigiD. You will see how much pension you can expect on the screen.

Check your pension

Step 2: calculate your annual margin

In addition to your state pension and employee pension, you’re also allowed to set some extra money aside for a top-up pension. You can deduct the amount from your taxable income, as long as this doesn’t exceed your annual margin.

Calculate your annual margin