Withdrawing money from your Pension Account early is very unwise:

• • You can only withdraw the entire value of your Pension Account, not a portion of it.
  • You have to pay (income) tax on the full value of your account when you make an early withdrawal.
  • You risk a penalty from the tax administration (Belastingdienst) of the Netherlands. This is called ‘revision interest’ and amounts to up to 20% of the total amount you withdraw (2026).
    
    In exceptional cases, however, you are allowed to withdraw your money mid-term without paying revision interest. You can find the exact regulations and current amounts on the Tax Administration's site.

If you invest in the Peaks Pension Account, you can get tax benefits through three routes, on the condition that you don't withdraw any money from the account.

1. Each year, you can deposit up to a certain amount tax-free: within your annual margin or reserve margin. The money you deposit into your pension account before 31 December at 23:59 can be deducted from your income in Box 1 when you file your next income tax return. This lowers your taxable income and you will get back part of the tax you withheld.
   
   
2. You do not pay any wealth tax (box 3) on the money in your Peaks Pension Account.
   
   
3. Once you are eligible for retirement, you will have the amount you have accrued paid out monthly or annually. You will have to pay income tax on this amount, but it is usually at a lower rate - with exceptions.
   
   This is based on the 2026 tax rules. Check the Tax Administration's site to see what the conditions are.

Your personal situation determines the possible tax advantages. We encourage you to consult a legal/tax expert if you want to receive any advice or information on your personal situation.

Your annual margin (jaarruimte in Dutch) is the maximum amount you are allowed to deposit in a year with a tax advantage. How much annual margin you have depends on your income. 
Every year, the tax authorities allow you to deposit up to a certain amount with a tax advantage for your pension. You can deduct this amount from your taxable income, which means you pay less income tax.

Use the Peaks Annual Margin calculator to easily determine this amount.

As your retirement age approaches, it is a possibility to reduce the risk level of your investments. This way, you reduce the chances of losing a big chunk of your money just before the finish line due to a momentary market setback.

At Peaks, you can personally choose to gradually reduce your risk automatically. This allows you to step down in risk according to a fixed schedule, until you reach the most conservative portfolio two years before your retirement age: ‘Very Cautious’. This makes your final projected pension amount more certain. At the link below you can see what the automatic reduction schedule looks like.

Read more

When you retire, you must have the money in your account paid out periodically, for example via a monthly amount or once a year. You arrange this via an annuity payment. You can purchase this from ten years before you reach retirement age. You pay income tax (box 1) on the payment of your supplementary pension, but after your AOW age, lower rates usually apply than for the income you had before your retirement.

There are many reasons to open a supplementary pension account. You may not build up a pension through your employer: in that case, you have to arrange your own pension. This also applies if you are self-employed. If you do build up a pension through your employer, you may have a pension gap to fill or some remaining annual margin. A Peaks pension pot can cover this amount.