Accruing (additional) pension

If your employer is not a member of an industry pension fund, or if you have a pension gap, it is necessary or wise to build up additional pension yourself. Vive offers employees of affiliated employers the opportunity to build up a pension at advantageous rates. But also if you are self-employed, the Vive pension plan offers a solution.

If you accrue a pension through Vive, it's a good idea to check whether the amount you may be receiving from your employer matches your needs. If not, you can choose to further supplement your retirement income yourself. The Vive pension plan offers the opportunity to do so.

How much do you need to build up?

There are several ways to determine a good amount to set aside. You can build up a maximum amount for your retirement each year with tax benefits: your annual allowance and reserve allowance. You can list your expected expenses after retirement and calculate how much money you expect to be short each year. The Pension Five is a useful tool for this. Then calculate how much you need to put aside each month. Watch the explanation video about the building blocks for an income after retirement.

Tip from Nibud: It's important to check what savings amount fits your budget. Our tool Personal Budget Advice can provide insight into this.  

Discipline

Building retirement requires some discipline. You can calculate periodically how much you want to put into the retirement pot, but it's easier to set up an automatic debit to your bank account. By doing this, you can be sure that you are putting in a monthly amount for retirement. Then, at the end of the year, you can still check whether you have deposited enough for that year as you wish. As long as you stay within the annual margin, you can continue to transfer to your own pension pot. You can calculate your annual margin here.

Tax benefit

The money you transfer to your pension pot is tax deductible. You get a portion of the deposit back from the tax authorities, on your income tax return. Exactly how much depends on your personal situation; the percentage is between 40%-50%.

Transferring money

Transferring money to your Vive retirement plan is simple. Copy the account you are going to transfer to in the Vive app (under the 'Deposit' button) and copy it into your counterparty's banking app Determine the amount you want to transfer and send the transfer. Vive will allocate the amount to your retirement plan the same day. If you go for an automatic periodic debit, follow the instructions in your banking app.

Investing

The money you transfer to your retirement plan is automatically invested each month by Vive. You don't have to do anything for that. In the Vive app, you can follow which mutual funds Vive invests in for you, now and in the future. Because Vive reduces the risk in your portfolio ten years before the retirement date, the portfolio will automatically change during this period. Vive's investment policy can be found here.

Questions

If you have questions about the retirement plan or how it works, send an email to support@viveapp.com or use the chat feature in the app. Vive is happy to help you.