Retirement checklist

Having the full overview of your – and possibly your partner’s - retirement finances and the relevant inheritance rules before you reach retirement lets you sleep well at night. And the sooner you start forming an overview the better.

Book a pension consultation

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Get started
In our experience, it is a good idea to plan your retirement well in advance so that you have time enough to tailor the pension plan to meet the wishes and dreams you have for your retirement.
Use the Pension Plan at My PFA
My PFA gives you an overview of how much money you have saved up. If you open the Pension Plan, you can see your overall retirement finances, including pension savings, bank savings and home equity. The Pension Plan illustrates your current situation, lets you simulate your future financial situation and make a plan to reach your financial goals for retirement.
Go through the checklists
Go through our checklists below to see what you should pay attention to in relation to your retirement finances today, right before you retire and once you have stopped working.

Checklist: What to do when?

  • Start considering what you dream of as a retiree.

  • Find out the size of your and possibly your partner’s pension pots (at My PFA) and any other savings (home equity, property, own business, available funds, etc.).

  • Review your budget and estimate how much money you need as a retiree.

  • Book a pension consultation and get an overview of how much you have – and for how long. Feel free to bring your partner.

  • Consider whether you should adjust your insurance cover.

  • Consider whether you should up your pension contributions.

  • Consider whether the investment of your pension savings and other savings is balanced.

  • Book a follow-up meeting every 3 years – or when your life situation changes.

  • Consider setting up an offset mortgage account.

  • Consider whether you have appointed the right beneficiaries.

  • If needed, submit an appointment of beneficiaries.

  • Consider drawing up a will – that way, you decide who should inherit your wealth other than your pension savings.

  • Draw up your pension plan together with your adviser.

  • When should your instalment pension be paid out and for how long?

  • Should your life pension include security for your dependants?

  • What about your endowment pension/old age savings?

  • Notify PFA no later than 2 months before you retire if you want to receive pension payouts from the day you retire.

  • To receive payouts, you need to complete an agreement on pension payouts.

  • Please call PFA to request the agreement.

  • Life pensions and instalment pensions are paid out monthly in advance.

  • PFA settles income tax on instalment and life pensions before they are paid out.

  • Endowment pensions/old age savings are paid out as a lump sum or in portions.

  • PFA still offers advice– for instance on the best spending order.

  • At age 75/77, at the latest, your endowment pension and old age savings must be paid out and payouts from your instalment pension must be initiated.

  • Insurance cover in the event of loss of occupational capacity and illness lapses.