Pension Fund Switch Tax Rules Amsterdam

Switching to a new pension fund in Amsterdam under the Future Pensions Act (2023-2028) offers minimal tax consequences for Amsterdammers. Retention of accrued pension rights without revision interest, provided the contribution percentage remains the same. Tax-wise, the transition falls within box 1, with possible compensation for indexation shortfalls – ideal for residents in an expensive city like Amsterdam where pensions are crucial for the high cost of living. Local context: Amsterdam pension funds such as ABP (for municipal civil servants) and PFZW (for healthcare workers at the AMC) approve transition plans; voluntary switching is cost-free via platforms such as mijnpensioenoverzicht.nl. Benefits outweigh drawbacks such as a temporary dip in payouts due to high interest rate risks in the volatile Amsterdam real estate market. Example: A transferred capital of €50,000 at an Amsterdam fund grows with 2% extra return through better investments in sustainable projects around the Zuidas. Check your personal transition proposal on mijnpensioenoverzicht.nl, compare returns of local funds and weigh risks against the rising house prices in Amsterdam.