You are accruing or have accrued a pension with StiPP. That retirement capital is invested. When you retire, the investments are sold so that you can use them to purchase a pension income. Your pension income can be either stable or variable. If you decide in favour of a stable pension, StiPP will administer your pension income payments. If you opt for a variable pension, you can personally choose the pension insurer to which you entrust your accrued retirement capital. Approximately six months before your retirement date you will receive a letter from StiPP explaining the procedure leading up to the start of your pension income payments. This letter also states the amount of the retirement capital that you have accrued on that date.
You can use this information to request quotes from us for a variable pension. We advise you to act in good time to ensure that your pension payments start on the desired commencement date.
COMPARE OPTIONSWhen a retirement capital becomes available, it pays to look carefully for a suitable pension insurer. It is important to determine your personal financial situation and (income) needs first and then find a suitable provider. You must also keep the legal requirements in mind. For example, a pension must be paid out for life and cannot be made available in one lump sum.
The differences in the amount of pension income can be significant. This is because insurers apply different interest rates and charges. The amount of your pension income is determined by three factors:
- The interest rate;
- The insurance element (the life expectancy, this determines how long an insurer expects to pay your lifelong pension income);
- The costs.
INFORMATION ABOUT THE AMOUNT OF YOUR VARIABLE PENSION INCOMEYou can use this website to quickly and easily obtain information about the possible amount of your variable pension income. If you click ‘more information’, the quotes from various insurers are compared and sent to you by email.
Make sure you have the details of your retirement capital to hand before you start. You have received a statement of your retirement capital from StiPP. As you run through the procedure on the website, you will be asked to provide this information.
This website operates independently of StiPP. Apple Tree offers you the opportunity of selecting the most suitable (highest) offer in the market via this website. StiPP is not responsible for the quotes or payment of the pension income by the pension insurer you select, nor for the advice you receive from Apple Tree.
INFORMATION ABOUT THE AMOUNT OF YOUR VARIABLE PENSION INCOME IN THREE SIMPLE STEPSSTEP 1: PENSION INCOME CALCULATIONEnter the primary assumptions for the calculation first. These are the amount of retirement capital available, your date of birth and whether or not you require a partner pension.
STEP 2: THE POSSIBLE AMOUNT OF YOUR VARIABLE PENSION INCOME This website provides information about the possible amount of your variable pension income. When you click ‘more information’ , you can request a quote for a variable pension. Unfortunately, some insurers do not offer a variable pension income. After submitting the request for a quote, you will receive an email quote from the insurers with which Apple Tree collaborates and that are active in this market.
STEP 3: REQUEST A PENSION QUOTEBased on the information/quote you receive from us, you know which insurer has a suitable product for you.
Start calculating immediately and request a quote, you will receive the quote within two working days.
