You can choose that a part of the compulsory pension contribution is allocated to an annuity certain. This will give you a higher pension benefit the first years of your retirement.

How does an annuity certain work?

The annuity certain provides flexibility. With an annuity certain as a supplement to your lifelong retirement pension you have more options for customising payment of benefits to your needs when you retire. 

An annuity certain is normally paid for 10 year, providing a higher payment in the first years of retirement. But you may also choose a longer payment term.

If you pay the top tax rate, contributions to the annuity certain also provides a tax benefit as you get a tax relief - up to a certain limit. 

If you have not had all the savings paid before your die, the remaining amount is paid to your surviving relatives.

Next stepI

If you want that a part of the compulsory contribution payment is allocated to an annuity certain, you must contact us. This way we can ensure that you do not pay more than you can deduct.

You can contact us here