Value transfer: what do you need to consider?
Have you worked before? If so, you have probably built up pension entitlements with your previous employer(s). In most cases, you can transfer this pension to Philips Pensioenfonds. This is called a value transfer.
Because Philips Pensioenfonds will switch to a new pension scheme on 1 January 2027 (the NexT Pension), there may be limitations and additional points of attention when transferring your pension. On this webpage, we explain more about the value transfer of pension.
Is value transfer possible?
Pension funds have until 1 January 2028 to adjust their pension schemes to the new statutory pension rules. A transfer of pension value is only possible if both pension funds fall under the same statutory rules. Would you like to transfer the pension you built up with a previous employer to Philips Pensioenfonds?
- Before 1 January 2027: you can only transfer your pension if your previous pension provider has not yet switched to a new pension scheme under the new statutory rules.
- After 1 January 2027: you can only transfer your pension if your previous pension provider has already switched to a new pension scheme under the new statutory rules. If your previous pension provider switches to the new pension rules after 1 January 2027, you can only transfer your pension once that provider has moved to the new pension scheme.
This means that in some situations, a transfer of pension value may only take place after 1 January 2028. A transfer of pension value from or to an insurer or a premium pension institution remains possible at all times.
Is it wise to transfer your pension?
Whether a transfer of pension value is wise for you depends on your personal situation and on the differences between your former pension scheme and the pension scheme at Philips Pensioenfonds. Using the following checkpoints, we help you make your choice.
Conversion of pension
Because of the upcoming transition to the NexT Pension, it is important to understand the consequences of converting your pension to the new scheme.
Read more
Compare features
Compare the pension schemes of both funds. Click here to view the features of our current pension scheme.
Read more
Financial situation
Compare the financial situation of both funds. Click here to view the current financial position of our Fund.
Read more
What choices do you have?
Compare the available options of both funds. Click here to view the choices within our pension scheme.
Read more
What if you pass away?
Read here how to take survivors’ pension for your partner and children into account when transferring your pension.
Read more
Request a value transfer
You can request a value transfer in two ways:
Value transfer via mijnwaardeoverdracht.nl
Log in at www.mijnwaardeoverdracht.nl and check if your previous pension provider is also connected. You can then directly compare the pension schemes and see what the pension transfer means financially. Do you agree with the proposal? You can sign it immediately using your DigiD. The pension transfer will be fully completed within ten working days.
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Request a quote from Philips Pensioenfonds
Is your previous pension provider not connected to www.mijnwaardeoverdracht.nl? Then request a quote from us by filling in this form. We will obtain information from your previous pension provider. Using these details, we will prepare a quote for you. Please note that it may take some time before you receive it. If you agree with our quote, you can sign it, and we will handle the pension transfer for you.Note: the quote is based on the current pension scheme. Therefore, it does not reflect the impact of the new pension rules effective from 1 January 2027.
Form
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Automatic value transfer for small pensions
Do you have a small pension below the statutory cash-out threshold (€632.63 gross per year in 2026)? Then your pension will be automatically transferred to your new pension fund, even if the pension funds do not (yet) fall under the same rules. If one of the funds is currently transitioning to a new scheme, the transfer may take a little longer.
Questions & Answers
about value transfer
No, you can no longer transfer your pensions once you have started receiving them. This is only possible if you are still accruing pension.
No, you can only transfer your old pensions to the pension provider where you are currently accruing pension. Would you like to know more about this? Click here.
Related information
Is the information below perhaps also interesting for you?
Indexation policy
We try to increase your pension each year with wage inflation. This is called 'indexation'. Do you want to know more about this?
Go to indexation policy
Financial position
The financial position of Philips Pensioenfonds is assessed on the basis of the funding ratio, among other things.
Go to financial position