Correct Answers
Question 1.
A budget check
It's best to start with a thorough inventory of your income, expenses and future plans. Then you can think of where you could save or put extra money aside, for example by investing or choosing other options to accrue capital for your retirement. To learn more, click here.
Question 2.
It creates a difference in your current salary and affects the level of your pension in the long run.
When a person chooses to work less after the birth of a child, it affects not only their current income, but also their future pension. Working less after the birth of a child can lead to a difference in pension in the long run. If you start working part-time resulting in lower earnings, you will consequently accrue less pension. Therefore, it's a good idea to make solid arrangements with your partner on how to divide the fewer hours worked, for example by going to a civil-law notary, to avoid potential financial repercussions such as this 'baby penalty'.
Check how changes in your life can impact your pension
Question 3.
Once a year.
Log in at least once a year to keep track of your situation and check the choices you've made. This way, you will have a good overview and know whether you need to save more or make different choices.
Question 4.
Taking sustainability into account.
Shell pension funds take sustainability criteria and risks into account in their investment policy. For example, Shell is steering pensions towards a lower CO2 intensity in its investment portfolio, promoting criteria around 'good governance' and entering into discussions with companies to bring about positive changes. As a long-term investor, we are a committed shareholder who not only strives for the best return for your pension, but also demands that the companies in which it invests act responsibly.
Question 5.
By having a clear insight into your finances and saving or investing extra money.
Even if it still feels like a very long way off, start planning for retirement as early as possible in your career. You can do this by including your pension in your financial plans and for example, by saving or investing some extra money.
Question 6.
AOW (Old Age Pension) additional pension accrued through your job, saving yourself with an insurer or bank.
The Dutch pension system has three pillars: 1) AOW (Old Age Pension)- the pension benefit that everyone who lives or works in the Netherlands receives from the government once they reach AOW age, 2) pension through the employer and 3) pension that has been personally arranged such as a pension product acquired from a bank or an insurer. Watch the video
Question 7.
SNPS en SSPF
If you were employed by Shell on or after 1 July 2013, you accrue pension with Shell pension fund SNPS. If you were employed before 1 July 2013, you participate in the SSPF pension fund. Also if you earn more than the tax maximum (more than 120,000 euro), you participate in the SNPS net pension scheme for the part above that maximum.
Question 8.
With SNPS, you already have your own pension pot in which you accrue pension capital and decide on your own investment profile that best suits your stage in life.
With SNPS, you already have your own pension pot, in which you accrue pension capital, and you determine your own investment profile that best suits your life stage. For example, if you are at the beginning of your career, you can take more investment risk. As you get closer to your retirement age, SNPS automatically takes less and less investment risk, regardless of your profile. Uncertainty about the amount of your pension is therefore reduced. Moreover, investments are made for the long term. As a result, risk is reduced and the likelihood of positive returns is increased. Check de infographic.
Question 9.
www.mijnpensioenoverzicht.nl
On mijnpensioenoverzicht.nl you can find the total pension you have accrued including your AOW (log in with your DigiD). Want to know how your pension choices will affect your Shell pension? Log in to my-Shell pension and use the my-Flexplanner tool.
