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Pension Savings Fund

Discover Star Fund

Star Fund is a pension savings fund in the form of a mutual investment fund under Belgian law with an unlimited term and is managed by NN investment Partners Belgium S.A.. Star Fund aims to invest in companies and issuers that pursue responsible development policies while respecting the principles of the environment, social responsibility and corporate governance. You can find out how you can apply for Star Fund at the bottom of this page.

  • To your size

    You choose the amount and frequency of your payments yourself, starting at 10 euros per month (with a minimum of 120 euros per calendar year).

  • Accessibility

    Check your Star Fund online, anytime, anywhere in the ING Banking app or Home’bank and manage your payments easily. 

  • Tax relief

    Benefit from a potential tax relief every year while supplementing your state pension. Two birds with one stone! 

  • Charges

    The ongoing charges amount to 1.16% and the subscription fees are 3%.

  • Risks

    Investing involves risks. Understanding them and spreading them over time increases your chances of achieving your financial goals.

  • Strategy: Star Fund invests in different categories of activa, countries and sectors. The portfolio is being managed actively, which makes it possible to (re)act quickly when market conditions are changing. It as based on fundamentals and behavioral analysis.
  • Goal: The objective of the fund is to create long term value and reduce risk. This is done by diversifying in terms of financials products. This pension savings fund* allows you to top up your state pension with a capital that you're building up at your own pace. At the same time, you enjoy a possible tax advantage. The return is not guaranteed.
  • Benchmark: 60% MSCI Composite Return (64% MSCI EMU Net Return/20% MSCI EMU Small Caps Net Return/13% MSCI U.S. Net Return/3% MSCI Japan Net Return), 35% Bloomberg Barclays Euro Aggregate Total Return and 5% 1-month Euribor. This benchmark complies with the investment guidelines of article 145/11 WIB92, but is not adapted to the social and environmental characteristics promoted by the sub-fund.

*'Fund' refers to a pension savings fund and mutual investment fund.

  • you live in Belgium
  • you are between 18 and 64 years old (on 31 December of the year of subscription)
  • you pay your personal income tax in Belgium

Your payments will be made by direct debit from your ING current account or an ING Invest Account. The only condition is that the (joint) account holder is the same person whose account is linked to your pension saving.

Before you start investing in Star Fund, please read the Key Investor Information and the prospectus.

These documents are available free of charge, on request, in your ING branch in English, French and Dutch.

Find out about the pension savings fund on the website Star Fund (FR) Please note: by clicking on this link, you will leave the ING website.

In addition to the financial criteria, Star Fund promotes ecological and/or social characteristics. In concrete terms, this means that investment decisions also take into account the restriction criteria and the analysis of environmental, social and governance (ESG) factors.

The manager uses internal and external scoring systems for this:

  • internal: The manager is assisted in this by the ESG Committee of NN Investment Partners, a business unit of NN Group. It is responsible for formulating the responsible investment policy framework within which portfolio management decisions must be made, taking into account the applicable restrictions and limitations.
  • external: such as Bloomberg1, a leading data provider for businesses and markets, Sustainalytics2, provides ESG policy, performance and behavior information for more than 5,000 issuers and companies, and ISS Ethix Climate Solutions3, a specialist researcher on data on environmental footprint, waste and water consumption of more than 5,000 companies.

The fund* only aims to invest in companies and institutions that pursue responsible development:

  • with respect for the environment (e.g.: water management, the management of greenhouse gas emissions, a green procurement policy);
  • with respect for its social role (e.g.: good working conditions, focused on customer satisfaction);
  • and with good corporate governance (e.g.: promoting the independence of the Board of Directors, a responsible remuneration policy).

Henceforth, Star Fund applies the NN IP Responsible Investment Policy, with regard to the criteria used by the Fund for responsible investment.

These criteria may give rise to certain restrictions. These restrictions apply in particular to issuers engaged in activities such as (non-exhaustive list):

  • the development, production, maintenance or trade of controversial weapons,
  • the production of tobacco products,
  • the extraction of coal for electricity production and the extraction of oil from oil sands.

You can find more details about the societal, ethical and environmental aspects from page 12 of the prospectus (PDF) available under the document section.


1. https://www.bloomberg.com/europe

2. https://www.sustainalytics.com

3. https://www.issgovernance.com/esg/climate-solutions

Valid on 31/05/2022

Return (%)


after 1 year

after 3 years

after 5 years

after 10 years

Since inception







Source: NN Investment partners

Actuarial return expressed on an annual basis in the currency of the relevant mutual investment fund over 1 year, 3 years, 5 years, 10 years and since inception. This relates to the end-of-month returns based on historical data.

The returns shown and the changes in net asset value refer to the past, and past performance is not a reliable indicator of future performance. Past returns include fees and commissions, with the exception of entry and exit fees and conversion costs. Past returns are calculated in EUR on an annual basis. The returns shown apply to the investment fund's capitalisation base. The returns between 2008 and 2015 were achieved at a time when the pension savings fund had different characteristics. As a result of the change to the investment policy of the pension savings fund as from 1 October 2018, the returns have been calculated on a different basis as from that date.

ISIN code: BE0026510298

Date of creation of the share class: 19/02/1987

Currency of the share class: The currency of reference is the euro.

This pension savings funds has received the Febelfin sustainability label for a period of one year. The label, that is re-evaluated annually, is a quality standard drawn up by Febelfin, the representative of the Belgian financial sector. This standard defines a number of minimum requirements that sustainable financial products must meet, both in terms of the portfolio and the investment process. For more information on the label, see https://www.towardssustainability.be/en/quality-standard.

The attribution of this label to the pension savings funds does not imply that this financial product meets your own sustainability objectives or that the label meets the requirements of future national or European regulations. For more information on this subject, please visit https://www.fsma.be/en/sustainable-finance.

The main risks to be considered are as follows:

  • Market risk: Taking into consideration past performance and potential future changes in the financial markets in relation to the financial instruments used to attain the investment objectives, the market risk is considered high.
  • Capital risk: The investor has no guarantee or capital protection. The value of investments can increase or decrease. This risk is considered high.
  • Non-performance risk: Depending on the investment strategy of the undertaking for collective investment, the return over a specific period may be positive or negative. The non-performance risk is closely related to market risk and is considered high.
  • Credit and counterparty risk: The risk that an issuer or counterparty will default. This risk is considered moderate.
  • Currency risk: The risk that the value of an investment is affected by currency fluctuations is considered moderate.
  • Concentration risk: The risk associated with a large concentration of investments in certain assets or markets. This risk is considered moderate.
  • Inflation risk: Inflation reduces the fair value of assets in investment funds (nominal value does not change). The inflation risk is considered moderate. 
  • Sustainable risk: Risk relating to an event or situation in the environmental, social or governance field, which, if it occurred, could have a material or real negative impact on the value of the investment. Sustainability risks may constitute a separate risk or affect other possible risks related to the portfolio or contribute significantly to overall risks such as market risk, liquidity risk, credit risk or operational risk. The risk is considered moderate.

No guarantee is given that returns will be obtained and/or that the initial stake will be recovered. Amounts invested in CIUs (Undertaking for Collective Investment) are not covered by the Fund for the protection of deposits and financial instruments.

The net asset value is published on every public banking working day in the Belgian financial press as well as on the BeAMA website (please note: if you click on this link, you will leave the ING website). It is also available at the management company’s registered address and from branches with financial service providers.

  • Entry charge (applicable by ING Belgium): 3%
  • Exit charge: 0%
  • Ongoing charges taken from the Sub-Fund over a year: 1.16% of which 0.90% management fees.

A detailed description of all fees is available on page 23 of the prospectus.

An investment in Star Fund entitles you to pension savings tax relief in accordance with the provisions of the 1992 Income Tax Code, as described below, subject to changes to fiscal regulations. An investor in Star Fund who is a resident of Belgium (or of a member state of the European Economic Area) and subject to Belgian personal income tax is eligible for the tax relief.

The investor must be over 18 and under 64 years of age in the year when the account is opened. The account must also have a minimum term of 10 years.

The amount that qualifies for tax relief is limited to a maximum purchase amount per tax payer in each taxable period. This may be increased by Royal Decree. From the age of 55 you should not deposit more than what you did in the previous years. Indexation of the amounts is possible in accordance with the legal provisions. The tax relief is calculated at the special average tax rate of 30% or 25% respectively, plus municipal tax. You receive an annual tax reduction of, respectively:

  • 30% if you opt for the ceiling of up to 990 euros in 2022. The maximum tax reduction in that case amounts to 297 euros + municipal taxes.
  • 25% if you opt for the increased ceiling of up to 1,270 euros in 2022. The maximum tax reduction in that case amounts to 317.5 euros + municipal taxes.

Conditions for the increased tax ceiling of 1,270 euros:

  • If you wish to invest more than 990 euros/year, then you have to inform ING of your explicit choice.
  • The choice is irrevocable and valid exclusively for the tax period specified. As a result, you will have to make the choice again each year.
  • If a sum higher than 990 euros is transfered in a year for which this choice was not explicitly communicated in advance, the amount above 990 euros will be returned free of charge.

Given this fiscal gift, a taxation will take place when your turn 60 (or when you retire). After this automated taxation, you can continue investing in the fund for 4 years, while keeping the fiscal advantage and without being subject to taxation.

You have to wait for 10 years to end your pension savings plan. You are allowed to end it prior, but this is fiscally very disadvantageous. 

Tax certificate: Every year, in the month of May, you will receive a tax certificate for the contributions you made in the preceding year. You can also download the certificate from Home’Bank, along with a number of other tax certificates.

Contact us online: www.ing.be/complaints, call us: +32 2 464 60 04 or send us a letter: ING Complaint Management, cours Saint-Michel/Sint-Michielswarande 60, 1040 Brussels.

Have you already been in touch with ING? You can also contact Ombudsfin, Nort Gate II, Boulevard du Roi Albert II N°8, bte 2, B-1000 Brussels - E-mail: ombudsman@ombudsfin.be - www.ombudsfin.be

The Belgian Star Fund pension savings fund is offered (to acceptance by ING Belgium SA/NV and mutual agreement) by: ING Belgium SA/NV – Bank. Head office: Avenue Marnix/Marnixlaan 24, B-1000 Brussels – Brussels Register of Companies – VAT BE 0403.200.393 – BIC (SWIFT): BBRUBEBB - IBAN (account): BE45 3109 1560 2789 (310-9156027-89).

This publicity message is a public offer and not a personal recommendation and does not constitute investment advice in accordance with Article 46, 9° and 10° of the law of 6 April 1995 on the status and supervision of investment companies. Customers should assess this information for themselves in the light of their own individual situation, taking account of their financial situation and their investment objectives. Customers remain solely and fully liable for the use they choose to make of such information and the consequences of their decisions.

Start saving for your pension

  1. Log in

    Use your debit card or itsme®.

  2. Fill out the form

    Choose the amount and the payment date.

  3. Finalise your application

    Read the summary and sign.

First read this page carefully, then you can Open a Star Fund