Income tax is 0%
If the estate is transferred in units to the heir’s pension account or the heir is of retirement age, and the payments are distributed basis on the average life expectancy.
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Both second and third pillar pension funds have one major advantage over the state pension: the assets accumulated are inheritable. The heir can choose whether to withdraw the money from the pension fund at once or inherit fund units. Whether and how much income tax the heir will have to pay on the inherited assets depends on that choice.
If the estate is transferred in units to the heir’s pension account or the heir is of retirement age, and the payments are distributed basis on the average life expectancy.
If the heir is of retirement age, and wishes to take out the estate as a lump sum.
If the successor is not of retirement age and wishes to withdraw the inheritance in cash and immediately during the succession, and the inherited fund units are not transferred to his or her personal pension account.
Contact a notary first.
If you have a notarised succession certificate, submit an application for an inheritance of units at a bank branch of your choice. If there are several heirs, they must all visit the bank branch together.
Together we will find the right solution.
Reet Roos
pension consultant
Mon–Fri 8–17
680 2743
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