Pension scheme entry age to 18 years

Pension scheme entry age to 18 years

Wednesday 11 October 2023

Pension scheme entry age to 18 years

An important principle of the Future Pensions Act (Wtp) is to improve the situation for workers who don’t participate in a pension scheme. As one of the first steps, the minimum entry age for pension schemes will be reduced from 21 years to 18 years as of January 1, 2024. What does this mean for your company's pension plan? 

Supplement to pension agreement

The change in the legal entry age applies to every pension scheme. Pension providers will send a supplement to the existing pension agreement in the autumn. In January 2024, employers must notify the participants who should be included in the pension scheme. This concerns employees between the ages of 18 and 21 who have an employment contract on January 1, 2024. 

Entry age for new regulations

Pension providers now immediately use the entry age of 18 when a new proposal is developed. Our pension advisors ensure that new schemes are also set up on other points in accordance with the guidelines of the new pension law. Contact us for personal advice about starting or changing a pension scheme.

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