What should I look out for when comparing quotes?
Seven points, with the difference between the second pillar (collective) and the third pillar (individual) recurring throughout:
- Costs. Compare management fees on capital, fixed costs per participant and any entry, exit or advisory costs. Are they included or added on top?
- Tax treatment. Second pillar: premium from gross salary, benefit taxed as income. Third pillar: deductible within jaarruimte, capital outside box 3 during accrual.
- Risk sharing. Collective schemes share risk and sometimes offer guarantees; in individual schemes the participant carries all risk.
- Flexibility. Who takes part, how much, and how easily can you change it?
- Administration. Consider reporting obligations, governance structure and the load on your payroll.
- Communication. Do participants get a UPO, a dashboard, or both? And how is choice guidance arranged?
- Portability. Do entitlements stay behind on leaving, or does the personal pot move with the employee?
More background in the difference between the second and third pillar.






