Value transfer and the new rules
Value transfer and the new rules
If you are changing jobs and want to transfer your pension to your new employer’s pension fund, bear in mind that this will take longer in the coming years due to the new pension rules.
Value transfers are limited to funds covered by the same rules
Pension funds have until 1 January 2028 to adapt their pension scheme to the new rules. Value transfer is only possible if both pension funds are governed by the same legal rules. This means that a value transfer could take up to 2028 if the receiving fund only transfers its pensions to the new rules.
Receiving pension fund will not switch to the new rules
If your new pension fund has not yet switched to the new rules and does not intend to, it is possible to effect a value transfer immediately.
Value transfer to insurer or premium pension institution (PPI)
Value transfer to an insurer or premium pension institution (PPI) will always remain possible. Normally, it will be possible to quickly arrange such a value transfer.
Automatic value transfer for small pensions
Good to know: if you have a small pension below the statutory surrender limit (€632.63 gross per year in 2026), your pension will automatically be transferred to your new pension fund, even if the pension funds do not (yet) fall under the same rules. However, if one of the funds is just in transition to a new scheme, this may take a bit longer.
Transferring your pension from another pension fund to our fund
What you need to consider then depends on when you apply for a value transfer
| Time of application | Implementation timing |
|---|---|
| A value transfer can always be requested.
It can a while at times to complete a value transfer. To read more about this, check out this page. Quote (your letter of agreement) signed well before 1 July 2026. |
Upon request, you will receive a quote. On the basis of this quote, you assess whether you actually want to transfer the value of your pension to our pension fund.
Our fund transfers your pension in accordance with the rules of the pension scheme that applied before the switch to the new pension scheme. |
| If our fund receives your signed quote (your letter of agreement) on or just before 1 July 2026, you will be notified of the settlement. | The value of your pension will be transferred about three months after the switch to the new pension scheme.
You will receive a new quote, because the amounts under the new scheme may be different. Value transfer is only possible if your old pension fund has also switched to a new pension scheme under the Wtp no later than 1 January 2028. |
| Value transfer requested and quote signed after 1 July 2026. | Our fund will process your application approximately three months after the new pension scheme commences.
Your pension can only be transferred if your old pension fund has also switched to a new pension scheme under the Wtp, no later than 1 January 2028. |
Transferring your pension from our fund to another pension fund
In this case, you must submit your application to the pension fund where you will be accruing your pension. Check with this pension fund to find out what you must take into consideration.
Value transfer is possible only if both funds fall under the same legal rules. This could be until 2028 at the latest.
You will be notified when you can transfer pension to another pension fund again
If it is not possible to transfer your pension right away, you will be notified when it is possible again. In the meantime, the pension you have accrued will simply remain with your old fund and you will accrue pension with your new fund. So no pension is lost.
Any questions?
If you would like to know more about value transfers, do not hesitate to contact us. Our fund will be happy to help.