Pension planning

Probably the biggest change in my financial life

What is a retirement/pension plan made of?

For every individual (including the self-employed)

Retirement is probably one of the biggest changes in my life. Especially in my financial life because from a salary I suddenly go over to a “meagre” pension. Often, income decreases so much in the process that my standard of living can no longer be maintained unless I have made provisions (2nd, 3rd or 4th pillar).

The basic components of a pension plan as an individual, are:

When can I retire?
With what state pension?
How is this complemented by pension plans (2nd, 3rd and 4th pillars)?
How do I convert these capitals into income?
How does this affect my standard of living?

If I still want to remain active, the plan also defines at what I can still earn on the side.

A similar kind of complexity exists for people who have also worked/lived abroad. There are frequently multiple state pensions and multiple types of pension plans, each with their own complex taxation.

Both planning of additional pension capital and the distribution of this capital (in cash, in real estate, in interests) are being considered.

The final element in my retirement plan is how I now convert this capital (insurance, savings, sale or transfer of a business/company, investments) into what I really need: an income. Together, we calculate how much this capital can give me net and what the income will be with the investments I prefer.

I realise this is bespoke work …but my planner is happy to make time for that.

For the self-employed

However, as a self-employed person, partner or company director, there are a lot of additional issues involved. If I also had a mixed career (employee, self-employed), there is often a multitude of group insurance policies, IPT, VAPZ, share and option plans combined with personal provisions (pension savings, savings, life insurance). All with their own tax systems.

Moreover, my business or company is my pension savings pot and I will have to tap it. And with that, issues of liquidation or transfer to the next generation or a third party will surface. Including getting funds out of the company – in cash or in goods. Now or in the future.

My planner brings structure to this tangle and together we discuss what actions need to be taken to get all this risk-free into my personal estate.

When may/can I retire and with how much pension?

How much do I need to save additionally to maintain the same standard of living? Or to achieve my additional desires and goals?

Can I still earn something on the side if I remain active after my retirement?

How can I supplement the statutory pension?

How much capital do I need in function of the supplement I would want?

What is that capital net worth? Which fiscal system is it subjected to?

Who is entitled to the insurance capital if I pass away early?

How do I subtract funds from the business/company?

How do I transfer that business/company?

How do I liquidate that business/company?

How do I prepare this before I retire?

How do I convert that capital into a monthly/annual income?

How will my finances look like 10, 20, 30 years after retirement?

Succession planning is already available from as little as €1,900 (incl. VAT) for an individual and €2,500 (excl. VAT) for a self-employed person, depending on complexity and objectives.

However, an initial introductory meeting is always free of charge and without obligation. At the end of this meeting, a quotation is drawn up, explaining what will be included in the plan and at what price. The prices indicated in the quotation are fixed, unless otherwise stated. Travel expenses and working hours are not charged.