If your employer has taken out group insurance for you with
KBC Insurance, we recommend browsing through this section, where you
will find everything you need to know about accumulated reserves,
payment, tax rates and all kinds of other relevant information.
Quick links to:
How can I check what amount has been accumulated under my group insurance policy to date?
In the annual statement
During the term of your employment with your current employer, your employer will provide you with an annual statement issued by KBC Insurance. Former employees can find this information on MyPension.be.
In your statutory pension statement
You can check the amount of your pension capital as at 1 January on MyPension.be, where you will also see an estimate of the capital you will be entitled to on the maturity date.
In the KBC Mobile app on your smartphone
Tap Investments > the arrow next to your name > Savings and investment products with agent.
If you do not have a current account with KBC, you can use KBC Mobile by logging in to the itsme app.
What amount will I receive when I retire and how much tax is due on this amount?
A group insurance policy is a good way to build up supplementary pension. Thanks to the favourable tax regime, a group insurance policy offers employees more benefits than a conventional salary increase.
In concrete terms, an NIHDI contribution, a solidarity contribution and payroll withholding tax are deducted from the capital of your group insurance.
NIHDI contribution: 3.5% of the total amount, including
Solidarity contribution: between 0% and 2% of the total
amount, including profit share. The exact percentage depends on the
size of the amount.
- Payroll withholding tax: on payment, payroll withholding tax is deducted by KBC Insurance for the personal income tax. No tax is due on your profit share.
The amount you pay in personal income tax is based on a number of
factors; for instance, who paid your group insurance premiums: you,
your employer, or both. The age at which you retire is also a
What information about my pension can I find on MyPension.be?
MyPension.be contains information about your statutory pension, such as your earliest possible retirement date and an estimate of the amount of your statutory pension. If you are already retired, you can also manage your pension payments on this website.
MyPension.be also contains information on your supplementary pension, such as the amount of supplementary pension you’ve accumulated and an estimate of the capital you will be entitled to on the date of your statutory retirement. You can also request a detailed statement and view the contract regulations for each scheme on this website.
You should automatically receive an
annual pension statement of your active pension schemes and the
status as at 1 January of that year. KBC offers you the
convenience of receiving your pension statements on MyPension.be. All
you need to do is enter your e-mail address under ‘Mijn
How can I access my pension file on MyPension?
How do I know if my pension file on MyPension has been updated with new documents or information?
We recommend activating ‘Mydocs’
by entering your e-mail address under ‘Mijn gegevens’. You will
then automatically receive your next pension statement for your
supplementary pension scheme on MyPension. You will also be notified
by e-mail when new documents are available.
Whom can I contact with questions regarding my pension statement on MyPension.be?
- If you would like to know more about a certain term, check the ‘Wat is dit?’ section where each term is explained. We also recommend browsing the ‘Frequently asked questions’ section.
- If you have specific questions about amounts, you’d best contact your employer or KBC Insurance agent.
- If you have a general question about supplementary pensions, you will find relevant information on abcverzekering.be.
What happens to my group insurance when I change employer?
The most obvious change is that your former employer will no longer make new premium payments, but any supplementary cover you have, such as death cover or work disability cover, will also be affected.
There are a number of statutory arrangements for the further
management of your group insurance. You will receive a letter with
more information about this from your former employer after you leave
the company. This letter also explains your rights.
Can I transfer reserves built up under my group insurance policy to my new employer’s pension scheme?
Yes, you can transfer the reserves accumulated under your group insurance policy to your new employer’s pension scheme. Kindly complete and sign this form and send it to KBC Insurance, Professor Roger Van Overstraetenplein 2, 3000 Leuven, Belgium.
When will my group insurance benefits be paid out?
We pay out your group insurance benefits on the date of your statutory retirement and not on expiry of your contract.
In certain cases, your group insurance benefits will be paid out
prior to your retirement, provided you meet the following
- You have reached the statutory retirement age and are a former employee
- You specifically ask us to
- It is stipulated in your contract
- You meet the transitional measure based on your age:1,3
1 Age at which you are eligible to receive your benefits
- Age 58 and older2: At age 60, until 2018
- Age 572: At age 61, in 2019 and 2020
- Age 562: At age 62, in 2021 and 2021
- Age 552: At age 63, in 2023 and 2024
2 Your age in 2016
3 Not applicable for Pension Agreements for the Self-employed
Do I need to do anything to have my group insurance benefits paid out?
No, you don’t need to do anything. KBC will be notified by the government once your pension application has been approved. We will send you a letter three months before your statutory retirement explaining exactly how your pension benefits will be paid out.
Group insurance benefits are no longer paid out on expiry of the
contract, but instead on the date of your statutory retirement. If
your contract expires before you retire, your contract will be
What do I need to do to arrange the payment if I live outside of Belgium?
When am I entitled to tax relief on the payment of my group insurance benefits?
There are a number of cases in which you are entitled to tax relief,
which means you will pay 10% personal income tax instead of 16.5%, 18%
or 20%. This is subject to the following conditions:
• You will receive your benefits when you reach the statutory retirement age of 65 or the age at which you reach a complete career of 45 years
• You worked for three consecutive years prior to this period
Do I receive my pension benefits as a lump sum or in monthly payments?
That is up to you; you can choose to receive your pension benefits in monthly payments (annuity) if you meet the following conditions:
- Your supplementary pension is accrued through a group
insurance policy, an individual pension scheme for the salaried
employees or a voluntary supplementary pension scheme for the
- Your annuity is at least 646.80 euros;
Note that if you opt for an annuity, this choice will be final and irrevocable.
Who receives my benefits in the event of my death?
In the event of your death, the benefits will be paid out to the beneficiaries in the order stipulated in your pension regulations:
- Your spouse or legally cohabiting partner 1
- Your children or grandchildren
- A person designated by you in your contract ²
- The persons determined according to the rules of legal succession, except if your inheritance goes to the government
- The financing fund 3
1 Not applicable if you are divorced or in divorce
2 Send an e-mail to firstname.lastname@example.org stating this person’s name, address, date of birth and kinship to you, and your individual policy number. If you require further information, please call + 32 16 24 25 00 or contact your KBC Insurance agent.
3Not applicable for individual pension schemes.
Can’t find what you’re looking for?
Your employer or KBC Insurance agent will be more than happy to