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Pension Fund Switch Tax Rules Utrecht

Switching pension funds in Utrecht is tax advantageous under the Future Pensions Act; retain rights without penalty. Compare returns at local funds such as ABP for Utrecht civil servants.

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In Utrecht, switching to a new pension fund under the Wet toekomst pensioenen (2023-2028) has minimal tax impact, ideal for municipal civil servants and Utrecht residents at funds such as ABP or PFZW. Retention of all accrued pension claims without revision interest, provided the contribution percentage remains the same. Tax-wise, the transition falls within box 1, with possible compensation for indexation shortfalls by Utrecht employers. Conditions: the fund must approve the transition plan via DNB; voluntary switch is cost-free and fits the local labour market around Utrecht Centraal and the university. Potential disadvantage: short-term dip in future benefits due to increased interest rate risk in the Domstad. Example: For €50,000 transferred capital from a Utrecht civil servant pension, this grows with an extra 2.5% thanks to better investment returns in sustainable funds. Consult your personal transition proposal on mijnpensioenoverzicht.nl, check local advisors in Utrecht and weigh interest rate risks against the benefits for your pension accrual.