With flexible pension you decide what to do with your employer's flexible pension contribution: invest it in your pension, have it paid out as salary, or a combination. Your employer decides whether you have this. If you don't see it in the app, it isn't available to you. Questions about this go to your HR department.
Your options
- Invest in a pension account: you build extra pension with Brand New Day, in your own investment account. Fees are low and your contributions are exempt from income tax, within your annual allowance (jaarruimte).
- Pay out as salary: you receive the net amount with next month's salary. Useful if you already have a pension account or want to allocate the money yourself.
- A combination of both.
Good to know
- The budget shown is a gross amount. Income tax is deducted before it is paid out as salary or pension contribution.
- You can only use this budget for pension or salary, not for other benefits in the Epassi app.
- Do you have the 30% ruling? Then your annual allowance is calculated on 70% of your income.
- Calculate your annual allowance with the calculator of the Dutch Tax Administration or Brand New Day.
When can you change your choice?
Your employer decides when you can choose: monthly, quarterly or yearly. For example, if you can choose once a year, you might do so between 1 and 20 January. If you don't choose, your budget is paid out as salary every month by default. You can change that in the next selection period.