You can find more information about Star Fund on this ing.be page. If you would like to know more about the 'Star Fund' fund, go to Star Fund. Here you will find information about the objectives of the fund, the composition of the fund, and so much more!
"}},{"title":"Till what age can I save for my pension?","richBody":{"value":"The minimum term of your Star Fund is 10 years. You can make deposits until the year in which you celebrate your 64th birthday. The units of your Star Fund will be retained as long as no sale order is given.
Please note: there are different milestones when you are saving for your pension. Here you can find more information.
"}},{"title":"How much can I save via Star Fund?","richBody":{"value":"You must save at least 10 euros per month (or 120 euros per year). The maximum amount you can save in 2024 depends on how much tax reduction you want to enjoy. The tax reduction is calculated at the special average rate of 30% or 25%, excluding municipal taxes. You benefit from an annual tax reduction of:
30% if you opt for the ceiling of 1,050 euros in 2025. The maximum tax benefit is then 315 euros, additional municipal taxes excluding.
25% if you opt for the higher ceiling of 1,350 euros in 2025. The maximum tax benefit is then 337.5 euros, additional municipal taxes excluding. This option must be renewed every year.
So once you save more than € 1,050 in 2025, you will enjoy a 25% tax reduction from then on.
"}},{"title":"When will I be taxed on my retirement savings fund and how much?","richBody":{"value":"In the years that you have been saving for your retirement, you have enjoyed an annual tax reduction. When you reach 60, it's time to pay a one-off tax of 8%.
Please note: if you only opened your retirement savings fund from the age of 55, the tax will be levied 10 years after you signed your contract.
Want to know more? Click here.
"}},{"title":"I turned 60 and paid my final taxes. Can I continue to make deposits?","richBody":{"value":"After your 60th birthday, when final tax has been levied on your pension savings, it remains interesting to continue saving for your retirements.
You can continue to save up until the year in which you turn 64. That’s a total of 5 years in which you can save tax-free and also continue to benefit from the annual (25% or 30%) tax reduction.
Please note: Did you only start saving for your retirement from the age of 55? Then the final tax will levied 10 years after the opening of your contract. Knowing more? Want to know more? Read here.
"}}]},{"componentType":"sectionTitle","title":"Consult your Star Fund account and plan"},{"componentType":"accordion","accordionList":[{"title":"Where can I find information about my Star Fund account and plan?","richBody":{"value":"In Home'Bank, click on your Star Fund account in the product overview. On the next screen, you will find the following information: your Star Fund account number and the linked reference account, information about the return and costs, documents, overview of your portfolio (value) and information about the fund. Here you can also find all information about your Star Fund plan: how much you have already deposited this year and what you have planned to save this year, amount and periodicity, date of the next deposit.
In the ING Banking app you can also consult your Star Fund account in the product overview. In the app you can only find information about the return and value of your portfolio.
"}},{"title":"Where can I consult the return?","richBody":{"value":"Select your Star Fund account in the product overview in the ING Banking app or Home'Bank. Here you can consult the return on your Star Fund account. Under 'My portfolio overview' you can also view the fund details, such as the evolution of the net asset value.
"}},{"title":"What costs do I pay?","richBody":{"value":"The following costs apply on 31/05/2024:
Entry costs: 3%
Exit costs: 0%
Management fees: 1.26% of the value of your investment per year (including 1.10% annual management fee)
Transaction costs: 0.12% of the value of your investment per year
These costs may be subject to change. The current costs, as well as the descriptions of all costs, can be found in the prospectus and in the Key Information Document of the fund you have chosen. In addition, you will receive an overview of the costs in the quarterly portfolio report on 31/12. You will receive this document in January of the following year and you can always consult it in Home'Bank.
"}}]},{"componentType":"sectionTitle","title":"Manage your Star Fund account and plan"},{"componentType":"accordion","accordionList":[{"title":"Can I change the frequency of my plan and how?","richBody":{"value":"Yes, that is possible via Home'Bank. Select your Star Fund account in your product overview and then click on 'Change plan' (within the block 'Star Fund plan'). You can save monthly, quarterly or annually. You can also choose to stop your plan, temporarily or otherwise. In that way, you can decide when and how much you want to save (via free deposits).
"}},{"title":"I want to temporarily stop making deposits. Is this possible and how?","richBody":{"value":"Yes, that is possible via Home'Bank. Select your Star Fund account in your product overview and then click on 'Change plan' (within the block 'Star Fund plan'). You can then choose to stop your plan, temporarily or otherwise.
"}},{"title":"How can I change the amount that I want to save on a yearly basis ?","richBody":{"value":"Select your Star Fund account in your product overview and then click on 'Change plan' (within the 'Star Fund plan' block). Here you can change both the frequency and the amount of your plan.
"}},{"title":"I want to automatically save the maximum tax-deductible amount every year. Is this possible and how?","richBody":{"value":"Select your Star Fund account in your product overview and then click on 'Change plan' (within the block 'Star Fund plan'). Here you can determine how much you want to save annually. You can also indicate that you want to automatically adjust the annual amount in the subsequent years to the maximum tax-deductible amount with a tax saving of 30% (= currently EUR 1,050.00).
Attention:
If you have indicated that you want to save EUR 1,350 per year, that amount will automatically be reduced from January 1 to the maximum deductible amount, with a tax saving of 30%, currently EUR 1,050. If desired, you can raise the amount again from January 1 for the new fiscal year via Home'Bank.
A personal maximum amount from the age of 55: from the year in which you turn 55, you cannot deposit more money into your Star Fund than in previous years. The reference point is either your annual deposit at age 54 or the average amount of deposits in the 5 previous years (ages 50-54). Read here for more information.
Select your Star Fund account in your product overview and then click on 'Make a deposit' (within the block This year’s payments'). You can make a free deposit here.
"}},{"title":"Can I change the cash account through which my deposits are made? How?","richBody":{"value":"You cannot change the linked cash account (= the reference account) yourself via Home'Bank, but it is possible via the customer service. You can reach the customer service on +32 2 464 60 01, Monday to Friday from 8 am to 6 pm.
"}},{"title":"Can I change my fund?","richBody":{"value":"Yes, that's possible! There are 3 different funds, each corresponding to a certain risk level. You are currently already saving for your retirement through one of our funds. If you want to change your risk level, you can choose one of the other 2 funds.
"}},{"title":"I need help, where can I get help?","richBody":{"value":"Know that you can consult and change your Star Fund account and plan in Home'Bank. You can also consult information in the ING Banking app. Can't figure it out for a moment? Please contact ING via chat (available in the ING Banking app), call the customer service or feel free to visit a branch.
"}}]},{"componentType":"sectionTitle","title":"Change your pension savings fund"},{"componentType":"accordion","accordionList":[{"title":"Can I change my fund?","richBody":{"value":"Yes, that's possible! There are 3 different funds, each corresponding to a certain risk level. You are currently already saving for your pension through one of our funds. If you want to change your risk level, you can choose one of the other 2 funds.
"}},{"title":"Do I need to change my pension savings fund?","richBody":{"value":"You are currently already saving for your retirement through one of our pension savings funds. You are not obliged to change your current fund at all. You can find information about your current pension savings fund via Home'Bank and the ING Banking app. If you want to keep this, you don't have to do anything.
"}},{"title":"Which fund should I choose?","richBody":{"value":"Changing your pension savings fund is only possible via Home'Bank. This means that you decide for yourself how you want to save for your retirement from now on. Please review all information and documentation before making an investment decision. You can find this information at www.star-fund.be.
"}},{"title":"Are there additional costs if I change my pension savings fund?","richBody":{"value":"No, there are no additional costs. The costs for the 3 pension savings funds are identical. The change of your fund itself is also completely free of charge.
"}},{"title":"Does this effect my periodical plan?","richBody":{"value":"Once the change of your pension savings fund has been finalized, future payments will be made into your newly chosen fund. Nothing else changes in your plan. The amount and frequency remain unchanged.
"}},{"title":"Does this affect my tax reduction and declaration?","richBody":{"value":"Changing your pension savings fund has no influence on your tax reduction and declaration. The total amount you want to save for your retirement on an annual basis remains unchanged. You can consult this amount in Home'Bank (select your Star Fund account in your product overview). So nothing changes for your tax declaration. As every year, you will receive a tax certificate from us for the total amount invested in that income year (all deposits in the relevant income year are added up, regardless of which fund the deposits were made in).
"}},{"title":"How can I change my fund?","richBody":{"value":"You can only change your pension savings fund yourself via Home'Bank. Please note that it takes approximately 2 banking days before your fund has been changed.
"}},{"title":"How long does it take for my fund to change?","richBody":{"value":"Once you have signed the application in Home'Bank, it will take 2 banking days before your fund has been changed. If you consult your Star Fund account in Home'Bank, the details of your Star Fund account will only be updated after these 2 banking days.
"}},{"title":"How often can I change my pension savings fund?","richBody":{"value":"If you invest for your retirement, it is for the long term. Usually, the risk you want to take for your investments remains stable over the years. But depending on your age, investment horizon or your financial situation, your risk appetite may change. That is why it is possible to change your fund once a year.
"}},{"title":"Will my Star Fund account number change if I change the fund?","richBody":{"value":"The 8-digit account number remains the same.
"}},{"title":"Will my deposits still be debited from the same cash account if I change my fund?","richBody":{"value":"Yes, future deposits into the newly chosen fund will be made via the same cash account (= the reference account of your Star Fund account).
"}}]},{"componentType":"sectionTitle","title":"Stop your pension savings plan or withdraw your money"},{"componentType":"accordion","accordionList":[{"title":"Can I temporarily stop making deposits?","richBody":{"value":"Yes, that is possible. Go to Home'Bank, select your Star Fund account in your product overview and then click on 'Change plan' (within the block 'Star Fund plan'). You can then choose to stop your plan, temporarily or permanently.
"}},{"title":"Can I withdraw my money if necessary?","richBody":{"value":"You can withdraw your money any time you want. Please note that your Star Fund account must have a minimum term of 10 years.
Moreover, we strongly discourage you from withdrawing money from your Star Fund account before your 60th birthday, as this is very disadvantageous from a tax perspective. The capital will then be taxed at a rate of 33% (excluding municipal taxes).
"}},{"title":"I'm turning 65 this year. Do I have to withdraw my pension savings now or can I do so later?","richBody":{"value":"From the year in which you turn 65, you can no longer make deposits into your plan. To withdraw money, you can sell all units of your fund, or parts of it. If you do not need it immediately or if market conditions are not favorable, you can also leave your investment. You keep the fund, and therefore also the possible return. The Star Fund shares will therefore be retained as long as no sales order is given.
"}},{"title":"I sold my pension savings fund, but I have not received any money yet. What now?","richBody":{"value":"If you have sold your pension savings fund, it will take 3 banking days before the money is in your account. It’s normal that in the meantime you will still see the details and value of your Star Fund account in Home'Bank and the ING Banking app.
"}}]}]},"complementaryZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Also interesting!"},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"Invest yourself","intro":"Invest online independently and securely","image":{"transformBaseUrl":"https://assets.ing.com/transform/da433482-8fbd-40d6-b432-faaeb6e858c1/portrait-of-senior-man-using-mobile-phone-while-sitting-at-table","type":"image","width":5700,"original":"https://assets.ing.com/m/2ab3a7c7706acdfd/original/portrait-of-senior-man-using-mobile-phone-while-sitting-at-table.jpg","extension":"jpg"},"link":{"url":"/en/individuals/investing/ing-self-invest"},"checkMarkList":["Large offer","Competitive rates","Via PC or smartphone"]},{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Your investments from home","intro":"Get investment advice without leaving your sofa!","image":{"transformBaseUrl":"https://assets.ing.com/transform/08b7216f-0c8b-463c-aaa8-6160a27dd866/Investment-remote-advice-1920","type":"image","width":1920,"original":"https://assets.ing.com/m/7b5a0d49975978e7/original/Investment-remote-advice-1920.jpg","extension":"jpg"},"link":{"url":"/en/individuals/investing/investment-remote-advice"}}]}]}}}