{"id":1236,"date":"2022-07-05T07:25:21","date_gmt":"2022-07-05T05:25:21","guid":{"rendered":"https:\/\/vwg.nl\/uncategorized\/pensioen-ineens-uitkeren-nog-even-wachten\/"},"modified":"2026-03-03T10:34:16","modified_gmt":"2026-03-03T09:34:16","slug":"lump-sum-pension-payment-wait-a-little-longer","status":"publish","type":"post","link":"https:\/\/vwg.nl\/en\/pensioen-ineens-uitkeren-nog-even-wachten\/","title":{"rendered":"Pension lump sum payout? Wait a little longer"},"content":{"rendered":"<p class=\"wp-block-paragraph\">In order to give pension providers more time to prepare, the introduction of the option to pay out a pension as a lump sum has been postponed.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Lump-Sum Payment Act<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Act on Lump-Sum Payments, RVU and Leave Savings was passed by the Senate on 12 January 2021 and largely came into force on 1 January 2021. The provision of this Act under which a portion of the pension \u2013 up to 10% \u2013 (the scheme also applies to annuities) \u2013 can be withdrawn in a lump sum when payments commence was due to come into force on 1 January 2023 (which is already a year later than originally planned). <s>This has now been postponed again, this time until <strong>1 July 2023<\/strong>.<\/s> Meanwhile, outgoing Minister Schouten has, in a <a href=\"https:\/\/www.rijksoverheid.nl\/documenten\/kamerstukken\/2023\/11\/09\/verzamelbrief-pensioenonderwerpen-najaar-2023\" target=\"_blank\" rel=\"noopener\">Chamber letter<\/a> stated that the effective date has been further postponed to <strong>1 January 2025<\/strong> (It should be noted that the final date of entry into force depends on the progress of the parliamentary process).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Changes<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">In the <a href=\"https:\/\/www.tweedekamer.nl\/kamerstukken\/wetsvoorstellen\/detail?id=2022Z13679&amp;dossier=36154\" target=\"_blank\" rel=\"noreferrer noopener\">Lump-Sum Review Act<\/a> Two amendments are proposed. The first amendment is that the target group be restricted to only those participants in the pension scheme who retire in the month in which they reach state pension age (or on the first day following that month). The second amendment concerns the payment schedule. The lump sum is paid out in January following the year in which the state pension age is reached (which is also when the tax benefit is recognised), and from the start of the pension, the old-age pension to be paid is based on 90% of the value of the entitlement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These changes also apply to third-pillar products (annuity insurance, annuity bank accounts and annuity investment rights). The lump sum is paid out at the same time as the first periodic payment from these products, but the beneficiary may request payment in January following the year in which they reach state pension age. If the beneficiary dies in the meantime, a supplementary payment of up to 100% of the periodic payment will be made.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> <\/p>","protected":false},"excerpt":{"rendered":"<p>Om pensioenuitvoerders meer voorbereidingstijd te geven is de ingang van de mogelijkheid om pensioen ineens uit te keren uitgesteld. Wet bedrag ineens De Wet bedrag ineens, RVU en verlofsparen is al op 12 januari 2021 door de Eerste Kamer aangenomen en grotendeels ingegaan op 1 januari 2021. Het onderdeel van deze wet op grond waarvan [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1236","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/1236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/comments?post=1236"}],"version-history":[{"count":0,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/1236\/revisions"}],"wp:attachment":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/media?parent=1236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/categories?post=1236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/tags?post=1236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}