One-off additional saving

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What is one-off additional saving?

One-off Additional saving is voluntarily contributing a one-off extra premium on other income (not included in your pensionable salary) for a higher pension. If you choose this option, your extra premium is invested in the same way as the premium that your employer contributes for you. On your participant portal – – you can see how much you can save additional and what the effect is on your expected pension. The extra premium is deducted once from your salary. So you pay this premium yourself. The one-off extra premium is invested until your retirement date and used on your retirement date to purchase a lifelong pension.

The government has determined through tax regulations how much money you can save each month for your pension. If the premium that your employer contributes for you is less than this maximum, there is room to save additionally. Not all components of your salary are included in your employer’s basic scheme. You may voluntarily make contributions for the components that are not included in the basic scheme.

Whether one-off additional saving is available to you depends on the agreements your employer has made with us. You can find these agreements in the pension regulations. In the participant portal – – we only show the choices you can make. It is possible that your employer has not agreed one-off additional saving with us. If this is the case, you cannot save one-off additionally.

Why one-off additional saving for extra retirement pension? 


  • You accrue extra pension income for later.
  • You can supplement a pension that is too low.
  • The premium you pay is deducted from your salary. You pay no tax on the premium.
  • You pay no tax on the accrued pension value.
  • You are free to adjust or stop your additional premium at any time.
  • If you die before your retirement date, more money is available for a partner’s pension and/or orphan’s pension.
  • Your extra premium is invested just like the premium your employer contributes for you. This gives you a chance on more returns.


  • Less salary remains when you contribute extra premium for additional saving.
  • The money is available after you retire. You can’t use this money now.
  • You’ve had tax benefits when saving for retirement. However, the pension payout is taxed. This disadvantage may be higher than the benefit you had before.
  • You can’t save additional anymore when you retire.
  • The pension amount you will receive from the retirement date is not certain yet. The pension is not purchased until the retirement date. The pension amount depends on the value of your investments, the interest rate and the rate the insurer uses at that time. 
  • If you get divorced, part of the accrued pension is for your ex-partner. This also applies to the accrued pension through additional saving.
  • Because your additional premium is invested just like your current pension premium, you take the risk of a lower return. Or that you may even end up with less than you invested.

When is one-off additional saving for extra retirement pension suitable?

There are advantages and disadvantages to additional saving for retirement. Whether it suits you depends on what you consider important. And on your financial situation, now and in the future. First do the research as explained in the section “Who is one-off additional saving for?”

Below you can see in which situations one-off additional saving is or is not suitable for you. 

What are the alternatives?

You can also save for your future in other ways by:

  • Saving money in a savings account at a bank.
  • Investing money with a bank or insurance company.
  • Taking out an annuity with a bank or insurance company.

These alternatives are independent of your employer. You can choose from several products and providers. You also have more freedom in your choice of how the money is paid out. Be aware that in some cases you have a tax advantage and in others you do not. It is also important to pay attention to the fees charged by the provider. The fees for this type of product are often higher than the fees LifeSight charges for additional savings.

You could also choose to (partially) pay off your mortgage and/or debts as applicable.

How do you arrange one-off additional saving for extra retirement pension?

On your participant portal – – you can indicate in the Pension Planner section whether you want to save additionally. The options shown are tailored to the options your employer has included in your pension plan. If you don’t indicate anything on your participant portal, you don’t participate in additional saving. 

If you choose to voluntarily contribute an additional amount, this amount will be deducted from your salary once by your employer. 

If you wish, you can save an additional amount the following year. You must then indicate this via the participant portal. If you do not indicate this via the participant portal, you will not save additional again.

How do you stop one-off additional saving?

If you choose to voluntarily contribute an additional amount, this amount will be deducted once from your salary by your employer. 

You can no longer choose one-off additional saving in the following cases:

  1. We no longer receive a statement from your employer of parts of your salary that go with one-off additional saving; or 
  2. We receive a message that you have left your employer’s employment; or
  3. You retire from LifeSight

Need advice?

We are pleased to assist you with your retirement choices. Those choices can have major financial implications. Our guidance is only about your pension plan with LifeSight. Whether a choice is right for you naturally depends on your entire personal situation. Now and in the future. Have you thought about asking an advisor? They can give you an overview of all your financial affairs. And help you make the most appropriate choices.