Did you already know that you can put in extra money for your retirement? This was possible before, but the rules for this have been changed. This is because the maximum deposit is now dependent on your age. In many cases, more deposits are possible than before. The younger you are, the more extra money you may put in from the tax authorities. From 60 it becomes less than before because the additional insertion rate decreases with age. Below you will see the new percentages by age.
Would you like to make extra contributions? In our Pension Planner on MySPIN you can see the maximum amount you can deposit each month and how much extra pension this can yield. Are you incapacitated? Then, unfortunately, you cannot make additional contributions to your DC capital.
If you are already depositing extra now, you don’t have to do anything. You will hear from us if the deposit is too high. Of course, you can always contact us if you have questions about this.
Read here how to arrange additional voluntary submissions in SAP Success Factors.