The Dutch Central Bank warns that many pension funds are still struggling with financial problems. If that remains the case, 2 million participants at three large pension funds will have their supplementary pension cuts on 1 January. The following year, another 33 pension funds with 7,7 million participants may face cutbacks.

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I would like to give some information about my circumstances regarding the question: “Will your pension be reduced if you live together?”. Because I thought some reactions were rather sour, then your sister should have done better, informed better, Dutch society should not have to pay for this, etc. But there were also nice reactions.

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Does cohabitation affect your pension benefit?

By Submitted Message
Posted in Reader question
Tags: , ,
May 18, 2019

Have a question about the pension. Does cohabitation affect your pension benefit? Received a mail from ABP this morning that my pension is being recalculated. The ABP has received a message from the SVB that I live together and have a reduction of 300 euros per month.

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Retirement in Thailand and then….?

By Submitted Message
Posted in Reader question
Tags: ,
February 14 2019

I will retire at the end of this year. I have been to Thailand more than 10 times but as a holiday maker. I would like to live in Thailand and more specifically in Jomtien/Pattaya. To avoid falling into the "familiar" empty hole when I retire, I'm looking for some kind of (during the day) activity from Monday to Friday. What options are there in Pattaya/Jomtien?

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I will soon have a monthly income of € 1.000 on AOW and a monthly income of € 900 on pensions. (in total well above the required 65.000 Baht per month). However, on some Thai sites it is indicated that the 65.000 Baht should consist purely of pension money and that the AOW is not seen as a pension.

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Is my ABP pension taxable in Thailand or the Netherlands?

By Submitted Message
Posted in Reader question
Tags: , ,
January 15 2019

I accrued my ABP pension through my employer (FOM Foundation), which was affiliated with ABP as a B3 institution (public employer under private law). I asked the ABP whether or not my ABP pension is taxable in Thailand, but I was referred to the tax authorities (logical!). Informing the tax authorities did not provide any clarity. I must first apply for the tax exemption in due course to find out where my ABP pension will be taxable.

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Token to view data at the Belgian pension service

By Submitted Message
Posted in Thailand in general
Tags: ,
November 16 2018

Previously, an identification key could be used to access your details at the pension service. As of 1/1/2019 this is over. An alternative is working with a 'token', but it now appears that you have to go to Belgium to obtain this and this must then be repeated every 2 years. At least this is reported by Fod Bosa, which issues the token. And so also for your wife, because that is usually where the shoe pinches. She does not have a Belgian passport and therefore cannot log in online because she does not have an adapted Eid card.

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Despite frequent attention in politics and the media, the state pension age is still higher than expected for many people. A majority therefore indicates that they would like to stop working earlier than the state pension age.

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Do the Dutch and Belgians sometimes complain about their pension, it can always get worse. For example, if you are a police officer in Thailand and you are approaching retirement. Because the pension is not a lot of money and because of the high inflation, police officers in Bangkok police stations follow a hairdressing course to have a decent income after retirement.

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The Dutch pension system is the best in the world, according to the annual Global Pension Index of consultancy Mercer. Last year Denmark took off with this title, but the Netherlands has been number one again for seven years. 

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From 1 January 2019, very small pensions will expire. These are pensions of € 2 or less gross per year. This is allowed under new rules because the administration costs for these very small pensions are very high.

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Mark Rutte wishes more international cooperation. Then start with this problem. In 2017, The Hague instructed embassies worldwide to no longer confirm income such as foreign pensions.

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When you look at pensions and home ownership, the Netherlands is in the top 4 of countries with the wealthiest inhabitants. Nevertheless, Rabobank issued a strong warning after an investigation: compared to other Europeans, the Dutch have little freely available capital. One in five even has no buffer at all to deal with financial setbacks.

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Pursue hobbies, make beautiful trips and spend more time with friends, children and grandchildren. Dutch people who already have their retirement in sight are bursting with plans for filling the time they will have in the future.

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Reader question: I would like to hear from one of the members what I have to do to have my Belgian pension transferred to my Thai bank account. I have already sent several e-mails to the pension service in Belgium, but I just don't get an answer there. I do receive a read receipt of my email but that's it.

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The Small Pension Value Transfer Act, which recently came into effect, leads to less fragmentation and a better overview for participants and simplification of administration.

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The retirement age for civil servants and employees of state-owned companies will be raised from 60 to 63 years. The increase is part of a measure against aging in Thailand.

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