Start with existing obligations
New in-house pension accrual has not been permitted since 1 July 2017. Previously accrued rights can remain, with obligations for the company such as valuation and any required indexation. An existing retirement obligation (ODV) is a separate arrangement. Account for these obligations before withdrawing company assets or choosing a new provision.
New saving and accessible assets
Possible arrangements may include an externally funded pension, a qualifying annuity and unrestricted assets. The director’s legal position, existing promises and product conditions determine what is available. A bank annuity is still an annuity; it is not ordinary accessible bank saving. Compare costs, duration, risk, liquidity and survivor consequences.
Company assets do not guarantee retirement income. Business risks, tax consequences and existing liabilities affect what can later become personally available. Do not assume a guaranteed business-sale value.
The 2026 tax allowance
Annual allowance uses relevant 2025 income and pension data and has a 2026 ceiling of €35,589. Not every director is entitled to that deduction. Unused allowance from 2016–2025 can provide reserve allowance, up to €42,753 in 2026. Use the current Tax Administration calculator; the pension reduction depends on the scheme.
Who provides individual advice?
Discuss company obligations and tax with your accountant or tax adviser, and financial product advice with an appropriately authorised licensed adviser. BPH has no AFM licence. It provides general education and, with consent, passes on contact details for contact with such an adviser. BPH does not itself provide personal financial product advice.
Frequently asked questions
Can I restart in-house pension accrual?
No. New accrual ended on 1 July 2017. Existing rights and an ODV still require separate attention.
How far back can unused allowance be recovered?
The 2026 reserve allowance can include unused allowance from 2016–2025, capped at €42,753.
Does BPH advise me on pension products?
No. BPH has no AFM licence and provides general education and contact introductions. Personal product advice is obtained directly from an authorised adviser.
Sources and reference date
Reference date: 27 October 2026. Check current conditions before making a decision.