Chat with chatbot Anna. Can't figure it out? Then an employee takes over the conversation.
Open a pension account
Saving and investing for a comfortable retirement
Variable interest rate
- 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. Promotion: get a €50 bonus
One product: flexible saving and investing
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.
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:
- Terms and conditions pension account (in Dutch)
- Additional terms and conditions pension savings account (in Dutch)
- General investment terms and conditions (PDF, 299 KB)
- Additional terms and conditions pension investment account (in Dutch)
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.
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.
This is what you can expect
- We first ask a few questions to check that saving or investing for a pension top-up is right for you.
- You will be asked to read the terms and conditions and sign the agreement digitally.
- Your pension account will then have been opened and you can get saving right away!
- If you want to invest as well, you can request this option right away.
Switch your pension account to ABN AMRO
If you’ve been building up a top-up pension with another bank or insurance company, you can switch to ABN AMRO and continue saving and investing. We’re always happy to help.
