Published on 15 April 2026
For the time being, it will not be possible to withdraw part of your pension at once when you retire ('lump sum' option). The earliest this can be done is probably 2029. This was announced by Hans Vijlbrief, the Dutch Minister of Social Affairs and Employment. Introducing this pension option during the transition to the new pension system is not possible for many pension funds. Therefore, the Minister has decided to postpone it.
Minister reviews decision
On 7 April, a majority of the Dutch House of Representatives did, however, ask the government to reconsider this decision. According to the House, further delays would undermine public confidence. The Minister will hold further discussions on this matter with pension administrators. He has reservations about whether it would be wise to introduce the lump sum option during the conversion to the new pension system. The Federation of Dutch Pension Funds agrees with this, arguing that this option can be implemented only if members receive proper guidance. In the Federation’s view, this will only be possible after the transition to the new pension system.
Will you be retiring soon?
If so, you cannot yet opt for a lump sum. It is also not yet certain whether you will be able to opt for a lump-sum payment from 1 January 2029. This will depend on the Dutch Senate's consideration of the bill. The government has already postponed the start date several times.
What is a 'lump sum'?
This is an additional pension choice you can make when you retire. You can then opt to withdraw part of your pension in a lump sum. You will then receive up to 10% of your occupational retirement pension in a single payment. You can spend this amount freely. This will, however, reduce your monthly lifelong pension. In addition, withdrawing a lump sum may affect your taxes and any allowances or benefits you receive.