Value-transfer
If you have a pension with various employers, now is the time to check to see whether you still have any options before the transition to the new pension system.
Please take the transition to the new pension system into account.
On 1 January 2027, SPF will switch to the new pension system.
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I am employed and currently accrue pension with SPF |
I am no longer employed and no longer accrue pension with SPF |
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Would you like to transfer pension from another pension fund to SPF? Submit your request no later than 30 September 2026. After this date, SPF will not accept any new value-transfer requests until after the transition to the new pension system. However, please note that we can no longer guarantee that your request for a value transfer can be processed in time. The sooner you submit the request, the greater your chances of success. Are you ready to request a value transfer? Download the form via the link below and put your pension to work! Value Transfer Form
Watch the video |
Do you currently accrue pension elsewhere and are you considering transferring your SPF pension to your new pension fund? Submit your request as soon as possible to that pension fund. From 1 October 2026, SPF will no longer process any requests received via that other fund until after the transition to the new pension system. However, please note that we can no longer guarantee that your request for a value transfer can be processed in time. The sooner you submit the request, the greater your chances of success. |
Good to know
Even if you submit your request before 1 October 2026, completion before 1 January 2027 may not always be possible. A value transfer can take several months, sometimes as long as 6 to 7 months.
If the value transfer cannot be completed before 1 January 2027, it will resume once both pension funds have transitioned to the new pension system.
I am employed and currently accruing pension at SPF
I am no longer employed and no longer accrue pension with SPF
Frequently asked questions
1. Why can't I carry out a value transfer after 1 October 2026?
SPF will be switching to the new pension scheme on 1 January 2027. To ensure we are fully prepared for this transition, we will temporarily stop accepting new requests for value transfers from 1 October 2026. You will be able to submit a request again once the transition to the new pension scheme has taken place.SPF will be switching to the new pension scheme on 1 January 2027. To ensure we are fully prepared for this transition, we will temporarily stop accepting new requests for value transfers from 1 October 2026. You will be able to submit a request again once the transition to the new pension scheme has taken place.
2. What are the conditions to transfer my pension to SPF??
Small pension
If you have a small pension (between €2 and €613.25 gross per year) with your previous employer, you do not have any choice: your pension is automatically transferred to SPF.
Larger pension
If your pension with your previous employer is higher than €613.25 gross per year, you have the option of keeping your pension with your previous employer or to have it transferred to SPF.
3. How do I request a value transfer?
You can request Pensioenfonds SPF to initiate a value transfer on your behalf by completing and sending us the Value Transfer form.
4. Where can I find the value transfer form?
Below you will find the value transfer from SPF:
For more information please visit the SPF website:
5. How long does it take to process a value transfer?
The entire process takes up to about 6-7 months.
- You initiate the value transfer by sending SPF the Value Transfer form.
- After you have submitted it, SPF will send you a confirmation of receipt and you then do not need to do anything for some time. The pension funds will then start working behind the scenes on your behalf.
- Within one month, SPF will ask the other fund how much pension you have accrued there and what its value is.
- The other fund has two months to provide this information to SPF.
- As soon as SPF receives the calculation from your old fund, SPF will calculate how much pension you will receive for this at SPF. (At this point, the calculation does not yet include the transition bonus).
- You will receive a message about this and then it is your turn again. You have two months to decide whether you want your pension transfer to proceed. If you wish, you can also engage a recognised pension advisor to discuss whether the value transfer is in your best interest.
- As soon as you let us know that you wish the value transfer to proceed, we ask the old pension fund to transfer the pension value to us. They must do this within 10 days.
6. In which situations can I not (yet) effect a value transfer?
In some situations it is temporarily not possible to transfer your accrued pension to SPF. For example, when your previous pension fund has already transitioned to the new pension scheme. In that case you cannot transfer it until we have also transitioned to the new pension scheme.In some situations it is temporarily not possible to transfer your accrued pension to SPF. For example, when your previous pension fund has already transitioned to the new pension scheme. In that case you cannot transfer it until we have also transitioned to the new pension scheme.
7. By what percentage will SPF increase the starting capital in my pension account?
This percentage depends on the actual funding level as at 1 January 2027 (the transition funding level). The approximate increase SPF is able to provide is set out in the table below. Note: This still requires approval from DNB (the Netherlands central bank). Once the definitive 1 January 2027 SPF figures have been determined, we can calculate the final percentages.
|
Transition funding level |
Pension pot increase |
|
Transition funding level |
Pension pot increase |
|
107.5 - 111.5% |
0% |
126% |
14.5% |
|
|
112% |
0.5% |
127% |
15.5% |
|
|
113% |
1.5% |
128% |
16.5% |
|
|
114% |
2.5% |
129% |
17.5% |
|
|
115% |
3.5% |
130% |
18.5% |
|
|
116% |
4.5% |
131% |
19.5% |
|
|
117% |
5.5% |
132% |
20.5% |
|
|
118% |
6.5% |
133% |
21.5% |
|
|
119% |
7.5% |
134% |
22.5% |
|
|
120% |
8.5% |
135% |
23.5% |
|
|
121% |
9.5% |
136% |
24.5% |
|
|
122% |
10.5% |
137% |
25.5% |
|
|
123% |
11.5% |
138% |
26.5% |
|
|
124% |
12.5% |
139% |
27.5% |
|
|
125% |
13.5% |
140% |
28.5% |
8. Where can I find the current SPF funding level?
The funding level and the policy funding level are published on our website around the 10th working day of each month under the header Funding level, returns and other financial figures.
9. Why do I need to request a value transfer as soon as possible?
This is necessary if you decide to transfer your pension to SPF because of the transition bonus. It can take up to seven months before your request is processed. If you decide to transfer your pension to SPF, you must submit your request on time. That way you can be sure that everything will be processed on time. While you can still submit a request after 1 May 2026, the chance that things will be arranged on time drops the longer you wait.
1. Why can't I carry out a value transfer after 1 October 2026?
SPF will be switching to the new pension scheme on 1 January 2027. To ensure we are fully prepared for this transition, we will temporarily stop accepting new requests for value transfers from 1 October 2026. You will be able to submit a request again once the transition to the new pension scheme has taken place.SPF will be switching to the new pension scheme on 1 January 2027. To ensure we are fully prepared for this transition, we will temporarily stop accepting new requests for value transfers from 1 October 2026. You will be able to submit a request again once the transition to the new pension scheme has taken place.
2. What are the conditions of transfering my SPF pension?
Small pension
If you have a small pension (between €2 and €632.63 gross per year) with SPF, you do not have any choice: SPF automatically transfers your pension to the pension fund where you are currently accruing pension.
Larger pension
If your pension with SPF is higher than €632.63 gross per year, you have the choice of leaving your pension with SPF or to have it transferred to the pension fund where you are currently accruing pension.
3. How do I request a value transfer?
You submit the request for a value transfer to your current pension fund. The instructions for how to do this are available on the website of your current pension fund, or you can ask the helpdesk of that fund for assistance.
4. Where can I find the value transfer form?
You submit the request for a value transfer to your current pension fund. The instructions for how to do this are available on the website of your current pension fund, or you can ask the helpdesk of that fund for assistance.
5. How long does it take to process a value transfer?
The entire process takes up to about 6-7 months.
- The process starts from the time you submit your request for a value transfer to your current pension fund.
- After you submit it, this fund will send you a confirmation of receipt and you then do not need to do anything for some time. The pension funds will then start working behind the scenes on your behalf.
- Within a month, your current fund will ask SPF how much pension you have accrued with SPF and what its value is.
- SPF has two months to provide this information to your current fund.
- As soon as your current fund receives the calculation from SPF, the current fund within two months will calculate how much pension you will receive for this with the current fund (this calculation does not yet include the transition bonus).
- The current fund will inform you about this. At that point it is your turn again. You then have two months to decide whether you want the value transfer to proceed. If you wish, you can also engage a recognised pension advisor to obtain advice about this within these two months.
- As soon as you indicate that you wish the value transfer to proceed, your current pension fund asks SPF to transfer the pension value to them, which SPF must do within 10 days.
6. In which situations can I not (yet) effect a value transfer?
In some situations it is not possible to transfer your accrued pension with SPF. If, in your new situation, you are not accruing any pension, a value transfer is not possible. Read more about these scenarios on our website when you leave employment.
Value transfers are temporarily unavailable when your current pension fund has already transitioned to the new pension scheme. In that case you can only transfer your pension when SPF also has made the transition. In some situations it is not possible to transfer the pension you have accrued with SPF. If, in your new situation, you are not accruing any pension, a value transfer is not possible. Read more about these scenarios on our website under leaving the company.
Value transfers are temporarily unavailable when your current pension fund has already transitioned to the new pension scheme. In that case you can only transfer your pension once SPF has also transitioned to the new pension scheme.
7. By what percentage will SPF increase the starting capital in my pension account?
This percentage depends on the actual funding level as at 1 January 2027 (the transition funding level). The approximate increase SPF is able to provide is set out in the table below. Note: This still requires approval from DNB (the Netherlands central bank). Once the definitive 1 January 2027 SPF figures have been determined, we can calculate the final percentages.
|
Transition funding level |
Pension pot increase |
|
Transition funding level |
Pension pot increase |
|
107.5 - 111.5% |
0% |
126% |
14.5% |
|
|
112% |
0.5% |
127% |
15.5% |
|
|
113% |
1.5% |
128% |
16.5% |
|
|
114% |
2.5% |
129% |
17.5% |
|
|
115% |
3.5% |
130% |
18.5% |
|
|
116% |
4.5% |
131% |
19.5% |
|
|
117% |
5.5% |
132% |
20.5% |
|
|
118% |
6.5% |
133% |
21.5% |
|
|
119% |
7.5% |
134% |
22.5% |
|
|
120% |
8.5% |
135% |
23.5% |
|
|
121% |
9.5% |
136% |
24.5% |
|
|
122% |
10.5% |
137% |
25.5% |
|
|
123% |
11.5% |
138% |
26.5% |
|
|
124% |
12.5% |
139% |
27.5% |
|
|
125% |
13.5% |
140% |
28.5% |
8. Where can I find the current SPF funding level?
The funding level and the policy funding level are published on our website around the 10th working day of each month under the header Funding level, returns and other financial figures.
9. Why do I need to request a value transfer as soon as possible?
This is necessary if you decide to transfer your pension to your current pension fund. It can take up to seven months before your request is processed. That way you can be sure that everything will be processed on time. While you can still submit a request after 1 May 2026, the chance that things will be arranged on time drops the longer you wait.