Every year some tax figures and conversion factors change. These are figures we take into account when calculating the pension you accrue and also the pension you receive. Every year, the government sets the tax figures. The conversion factors are set periodically and are based on such factors as interest rates and life expectancy. 

What does this mean for you?

• Are you accruing a pension? Then you will accrue pension in 2025 within the pension scheme of IFF Pension Fund on a salary up to a maximum of € 76,427.
• Is your pension at the time you want it to take effect in 2025 less than € 613.52 a year? Then your pension is a so-called 'small pension'. You can then choose to receive the value of your pension in one lump sum. 
• Are you having your pension commence in 2025 and do you choose, for example, to have your pension commence earlier or later, or to convert part of the pension for yourself into a higher pension for your partner, or vice versa? We calculate your choices based on the new 2025 conversion factors.  

Will you reach your retirement age soon? Or do you want to receive your pension earlier or have your pension start later? Or would you like to know what choices you have for your pension? If so, feel free to contact us. We will be happy to help you make the best choices for your retirement.