{"type":"document","data":{"id":"6aa1b484-cc5c-4542-93fa-1d34372e8f69","localeString":"en-GB","publishDate":"2023-07-13T14:36:28.693+02:00","contentType":"onecms:productPage","hasMacro":false,"flexPageMetadata":{"afmBanner":false,"robotInstruction":{"noIndex":false,"noFollow":false},"description":"All the advantages of saving for your pension and why it is important to start straight away if you haven't already."},"mainHeaderZone":{"componentType":"productHeader","coreHeader":{"body":"Because even though we seldom think of it like that, retirement is actually something to look forward to. Nobody forcing you to do anything, you can do whatever you like... Great!","headerImage":{"transformBaseUrl":"https://assets.ing.com/transform/46a6e417-6dcf-4954-b7c9-e62008158018/Full-length-of-woman-playing-with-chess","type":"image","width":4032,"altTextEN":"\"\"","altTextNL":"\"\"","altTextFR":"\"\"","altTextDE":"\"\"","original":"https://assets.ing.com/m/6bc2d9518dc9504d/original/Full-length-of-woman-playing-with-chess.jpg","extension":"jpg"},"title":"Discover the many advantages of a pension savings plan!","subtitle":"We need to start thinking now about our retirement, but not just how we’re going to spend our time gardening or pursuing hobbies. About our pension, for example!"},"backLink":{"textLink":{"url":"/en/individuals/pension","text":"Pension"}}},"flexZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Want to keep doing your thing tomorrow?"},{"componentType":"paragraph","richBody":{"value":"<p>In order to live comfortably in old age, you need to have sufficient finances. You won’t get very far with your statutory pension. You already know that. That’s why it’s <strong>so important to start pension savings now</strong>! And to be clear: no, you’re not too young for that. And no, certainly not too old either. </p>"}},{"componentType":"sectionTitle","title":"Misconceptions about pension savings"},{"componentType":"paragraph","richBody":{"value":"<p>Let&apos;s first clear up a few misconceptions.</p><ul><li><strong>“A pension savings plan? I&apos;m too young for that!”</strong><br />It’s completely understandable that you, as a starter, aren’t losing any sleep over your pension right now. But remember: the earlier you start your retirement savings plan, the more <strong>financial breathing space</strong> you can expect later, regardless of whether you still go skating or prefer to spend your winters on the Costa Brava.</li><li><strong>“I live in the here and now. Saving for my pension is no use to me at all today!”</strong><br />On the contrary. Of course, saving for your pension exists primarily to supplement your statutory pension later, but it can already have a potential benefit for you today, a tax benefit to be precise.</li><li><strong>“I’m over 50. There’s no point to it anymore.”</strong><br />The earlier you start with a pension savings plan. However, it’s never too late to begin. The statutory pension to which you’ll be entitled will probably not be enough to maintain a comfortable standard of living, so <strong>any addition will be welcome.</strong></li><li><strong>“Surely good and regular saving will also be OK?”</strong><br />Saving is important, sure. But the combination of low interest rates and inflation means that your savings hardly yield anything, and actually even lose value. If you want a nice extra on top of your statutory pension when the time comes, <strong>saving alone is no longer the most attractive solution</strong>. The purpose of saving for your pension is to give you an extra for when you retire.</li></ul>"}},{"componentType":"highlight","title":"The benefits of a pension savings plan in a nutshell:","richBody":{"value":"<ul><li>You decide for yourself how much you want to save and how frequently</li><li>You may receive a potential tax advantage of up to €317.5 per year depending on the amount you deposit.</li><li>The impact on your life today is limited, but may be all the greater and more positive later.</li></ul>"}},{"componentType":"cta","textLink":{"url":"/en/individuals/pension","text":"Choose your pension savings plan"}},{"componentType":"paragraph","title":"Maybe you'd like to know more before getting started...","richBody":{"value":"<p></p>"},"textLinks":[{"url":"/en/individuals/managing-my-assets/retirement/financial-future-millennials","text":"You're in your twenties or thirties? Discover why a pension savings plan is important for your financial future."},{"text":"Discover all there is to know about a pension savings plan for entrepreneurs."}]}]},"complementaryZone":{"flexComponents":[{"componentType":"sectionTitle","title":"Also interesting!"},{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"small","title":"Pension savings","intro":"Compare the solutions","image":{"transformBaseUrl":"https://assets.ing.com/transform/e5a8a2ab-d2af-411c-9748-f0b03a71901e/Barcelona-spain-father-and-son-at-home","type":"image","width":5760,"original":"https://assets.ing.com/m/67f3e437690483bb/original/Barcelona-spain-father-and-son-at-home.jpg","extension":"jpg"},"link":{"url":"/en/individuals/pension"}}]}]}}}