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Annual margin
Tax-efficient pension account
You can put some extra money aside and invest for your pension and potentially get a tax credit for it. This tax credit is conditional on your additional deposits staying below a certain limit. We call this your annual margin (in Dutch: jaarruimte).

Annual margin: here’s how it works
If you put some money aside to top up your pension and stay within your annual margin, you get a tax credit. You will get between 37% and 49.5% of the extra money you put into your pension account back through your tax return. How much your annual margin is depends on your income and other factors.
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.
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.
Step 3: open a pension account
Once you’ve done this you can start saving or investing for your top-up pension.

A sample calculation
Want to know exactly how the tax credit works? We’ve compiled a sample calculation for you.
Let’s say your annual income is €40,000.
- In 2025, you paid 37% tax on your income.
- You have deposited €100 per month into your pension account.
- Of this €100, you can claim back €37, i.e. 37%.
- You have saved €1,200 in a year.
- Your total tax credit is €444.

Annual margin or reserve space?
Annual margin is the space you have available to top up your pension in a way that will earn you a tax credit.
The reserve space (reserveringsruimte) lets you use any unused annual margin from the past 10 years.
Tip from us: when using your reserve space, always start with the year that is the furthest back in time, because that will be the first to expire.

Start building up your pension and receive a €50 bonus
Why not put your windfall towards an additional pension? Open a pension account by 30 June 2025, deposit at least €50 per month for three consecutive months and receive a bonus of €50. You decide whether to save or invest your deposits, or a combination of the two!
Please note: you could lose all or part of your initial investment.
Add to your pension with a pension account
A pension account lets you save and invest for a pension top-up yourself, and potentially earn a handsome tax credit doing it. Within our pension account, you can save and invest for your retirement and make sure you can continue living the way you want. Take your first step towards a healthy pension.