Q: How is this a long-term return?

Investing in a pension savings fund must be seen as a long-term investment . If financial markets are going through a difficult period, you don’t have to worry, because you're investing for 20, 30 or even 40 years depending on the age you start at. What's more, you benefit from the accumulation effect . This means that any returns on your investments are added to your savings and can therefore provide an additional return . The longer you save for your pension, the greater this effect can be. In other words, start as early as possible to maximise the impact on your pension ! And don't forget that the tax reductions you benefit from each year with your pension savings fund also significantly increase your return.

Question 1

How is this a long-term return?

Accepted Answer

Investing in a pension savings fund must be seen as a long-term investment. If financial markets are going through a difficult period, you don’t have to worry, because you're investing for 20, 30 or even 40 years depending on the age you start at.

What's more, you benefit from the accumulation effect. This means that any returns on your investments are added to your savings and can therefore provide an additional return. The longer you save for your pension, the greater this effect can be. In other words, start as early as possible to maximise the impact on your pension!

And don't forget that the tax reductions you benefit from each year with your pension savings fund also significantly increase your return.

Question 2

Can I withdraw my money if I need to?

Accepted Answer

You can suspend or close your Star Fund account if you wish.

However, bear in mind that your Star Fund account must have a minimum term of 10 years.

What's more, we strongly advise against withdrawing money from your Star Fund account before your 60th birthday, as this is extremely disadvantageous from a tax standpoint. The capital would then be taxed at a rate of 33%.

Question 3

Can I choose from different funds?

Accepted Answer

Yes, you can now choose from 3 different funds for Star Fund, each corresponding to a different level of risk. This allows you to save for your pension according to the level of risk you are willing to take.

Question 4

Can I adjust the risk level of my pension savings?

Accepted Answer

Yes, it is possible to change the risk level of your Star Fund. You can choose from three different funds, each with a specific risk level. This allows you to adapt your pension savings according to your risk tolerance at different stages of your life

Question 5

Is it possible to transfer my pension savings fund to ING from another bank?

Accepted Answer

Yes, it is possible. You can easily transfer your pension savings plan from another bank to ING. It’s a smart choice to gather all your accounts in one place for easier management, and you will also enjoy a cashback of 125 EUR. More information here