Graduated contribution scale 2020

These are the new rates of the graduated contribution scale of 2020. The 2,5% and 2% columns are based on a career average salary scheme. Alterations of the cost price can result into new scales.

Graduated contribution scales for gross pension

Age 4%  3%  2,5%  2%  1,5% 
15-20 3,9% 7% 10,6% 14,2% 20%
20-25 4,4% 7,7% 11,5% 15,3% 21,1%
25-30 5,4% 9% 13% 16,9% 22,8%
30-35 6,6% 10,4% 14,8% 18,6% 24,5%
35-40 8% 12,1% 16,7% 20,6% 26,5%
40-45 9,8% 14% 19% 22,8% 28,6%
45-50 12% 16,3% 21,5% 25,2% 30,9%
50-55 14,6% 19,1% 24,5% 28% 33,5%
55-60 18% 22,4% 28% 31,2% 36,4%
60-65 22,4% 26,5% 32,2% 35,1% 39,9%
65-68 26,9% 30,7% 36,3% 38,8% 43,2%

 

Graduated contribution scale for net pension*

Age 3% net scale
15-20 4,0%
20-25 4,6%
25-30 5,4%
30-35 6,1%
35-40 7,0%
40-45 8,1%
45-50 9,3%
50-55 10,8%
55-60 12,4%
60-65 14,2%
65-68 15,8%

 

*This concerns the total maximum contribution of the pension basis. BeFrank applies a maximum contribution for the available premium of 90% of these scales. The remaining 10% will be reserved for the partner’s and orphan’s pension.

Basic principles
• The maximum scale is based on 2% notional interest rate. The scale can be increased by a market interest increase. This increase varies and depends on the actual price for an average pay pension. This way, you can put your tax allowance to good use.
• The 1.5% scale is increased/decreased by a factor so that the 1.5% scale is never higher than the 2% scale with market interest increase.
• You may choose to apply a percentage of the scale and apply a constant percentage of defined contribution.
• These scales are based on a pension age of 68.

The scales for 2019 can be found here.

Do you have any questions?
Please contact your pension consultant at BeFrank.