Premium payments

Paying your invoice: you receive an invoice every 4 weeks. Do you employ staff and have you registered the details of their wages with us? If so, you receive one invoice for yourself and for your employee(s). You can read here how to pay the invoice and how the invoice amount is calculated.

What is shown on your invoice?

You can find the invoice and the specifications in your pension administration: ‘Uw pensioenadministratie’. The invoice specification shows a breakdown of the pension premium that applies if you employ staff and/or if you accrue pension yourself.

Your invoice consists of one page. The invoice shows the company name, the amount you have to pay, the invoice number, the invoice date and the customer number under which you are registered with BPF Schilders.

How is the pension premium calculated?

This is calculated as follows:

Pensionable pay – deductible* = pension basis

Pension basis x 30.1% (2024 premium percentage) x part-time factor = pension premium per year

*The part of the pensionable pay on which you do not accrue pension (i.e. the amount for which you do not pay a premium). In the case of BPF Schilders, the deductible as per week 1 of 2024 is set at €17,559.

NOTE: Do you work less than 1,750 hours? If so your declared taxable profit is converted to the full-time amount (1,750 hours). This is a requirement of the Dutch Tax and Customs Administration.

NOTE: The fixed amounts and percentages for 2024 are used in the examples below. These amounts can vary each year.

In the following examples, we have chosen a defined pensionable pay that is equal to the taxable profit realised on a full-time basis. Because the defined pensionable pay is equal to the taxable profit realised on a full-time basis, it is also the pensionable pay. So the pension premiums are paid and pension is accrued on the taxable profit realised on a full-time basis.

Full-time example (1,750 hours or more)

Hours worked three years ago: 1,750 hours (= maximum)

Part-time factor: 100.0% (1,750/1,750)

Taxable profit: €27,500

Full-time taxable profit: €25,463 (taxable profit recalculated on the basis of the part-time factor and divided by 1.08)

Minimum defined pensionable pay for 2024 €24,743

Defined pensionable pay: €24,743

Calculation of pension premium (pensionable pay = defined pensionable pay):
€24,743- €17,559 = €7,184

€7,184 x 30,10% = €2,162

€2,162 x 100% = €2,162

€2,162 annual pension premium

Part-time example (less than 1,750 hours)

Hours worked three years ago: 1,500 hours

Part-time factor: 85.7% (1,500/1,750)

Taxable profit: €23,500 (for 1,500 hours worked)

Full-time taxable profit: €25,390 (taxable profit recalculated on the basis of the part-time factor and divided by 1.08)

Minimum defined pensionable pay for 2024 €24,743

Defined pensionable pay: €25,390

Calculation of pension premium (pensionable pay = defined pensionable pay):
€25,390 - €17,559 = €7,831

€7,831 x 30,10% = €2,357 (full-time)

€2,357 x 85,7% = €2,020 (part-time)

Is my pension premium tax-deductible?

Yes, your pension premium is tax-deductible. The pension premium you pay to BPF Schilders is an operating expense. As a result, the Tax and Customs Administration also contributes to your pension. How much exactly? The amount depends on your personal situation. Your tax adviser can give you accurate information.

The Dutch Tax and Customs administration has determined that your maximum pension accrual (and therefore also the pension premium) may be based on the taxable profit you realised three years ago. What if your taxable profit is higher than the maximum pensionable pay? In that case, BPF Schilders uses the maximum pensionable pay for calculation purposes. Your tax adviser or financial adviser can help you decide the amount of defined pensionable pay that gives you the best pension in your case.

What if your full-time taxable profit turns out to be lower than your pensionable pay? In that case, the Dutch Tax and Customs authority may rule that part of the pension premium amount that you have paid is not deductible after all. You can expect an additional tax assessment from the Dutch Tax and Customs Authority. So it is in your interest to provide the correct information in good time.

Your invoice: digital or by post?

You receive the invoice by post. You can find the invoice and the specifications in your pension administration: ‘Uw pensioenadministratie’.

Do you prefer digital invoices? This is possible!

Nothing could be more convenient because you receive an email message from us when your invoice is available in your pension administration ('Uw pensioenadministratie'). And this approach offers many benefits!

Paying your invoices: the convenience and advantages of direct debit

You can pay in two ways: by direct debit, or by transferring the invoice amount to our bank account number NL30INGB0650093674, account holder BPF Schilders, and stating the customer number and invoice number in the reference.

1. The convenience and advantages of direct debit

Direct debit is very convenient. BPF Schilders collects the pension premium from your bank account three weeks after the invoice date. The direct debit authorisation takes effect from the next invoice. The major advantage of direct debit is that it saves you time and you no longer need to remember the date for transferring your next pension premium payment. This eliminates all the fuss and hassle. It also eliminates errors and corrections, because we make sure that you pay the right premium every 4 weeks.

The advantages of direct debit:

Minimum effort: we take all the work off your hands.
You can make changes: if you disagree with any transfers, you have 56 days to reverse the transactions.
Maximum control: you can withdraw the authorisation whenever you want. Simply send an email to machtiging@bpfschilders.nl or send us a letter. Please always state your customer number and the date on which you wish to terminate the direct debit arrangement.
Cost-effective: direct debit is less costly for us and therefore also saves you money.
Easy to arrange: would you like to benefit from all the advantages of direct debit? All we need is your authorisation. You arrange this digitally or send us an authorisation by post.
Complete the online direct debit authorisation form ('machtiging automatische incasso')
Download the direct debit authorisation form ('machtiging automatische incasso')

Would you prefer to send it by post? Please complete the authorisation form and send it back to us. You can also scan the completed form and e-mail it to machtiging@bpfschilders.nl

2. Payment into our account by bank transfer

You pay your invoice by transferring the amount to the bank account and account holder stated on the invoice. Please state our invoice number and your customer or institution number to ensure correct processing of your payment. These details are shown at the top right of your invoice.

What happens if you fail to pay (on time)?

We understand that you may forget to pay your invoice on time every now and then. What if you fail to pay on time? We will send you a reminder. You then have 14 days to pay the invoice. What if you still do not pay the invoice even though you have received a reminder? In that case, we will transfer your payment arrears to a collection agency. You will also be charged statutory commercial interest on the overdue premium and collection costs. What if you do not pay the overdue pension premium, interest and collection costs? In this situation, we may decide to obtain payment via a writ of execution. Other possible measures include filing for bankruptcy or seizing your vehicles.

Arranging a payment plan

What if you are temporarily unable to pay your invoices, or find it difficult to pay them? BPF Schilders can help. You can request a payment plan.

What does a payment plan involve?

We collect the premiums for a good pension for you and, if applicable, your employees. What if you are unable to pay your pension premium? You can agree a payment plan with us. This plan allows you to pay your entire outstanding balance in instalments. We agree the number of instalments (months) for settling the amount. The maximum is 6 months.
We may charge statutory interest on the outstanding premium from the due date of the invoice.

What should you do?

Send a request for a payment plan to incasso@bpfschilders.nl, indicating the invoices concerned and the kind of arrangement you would like.
If you require a repayment term of 4, 5 or 6 months, we will need more information to assess your request.

Are you an employer?
If so, please send us an income statement and an up-to-date cash flow statement as attachments in PDF format.

Are you an entrepreneur?
If so, please attach a statement of income and expenditure in PDF format.

When can you expect an answer?

We will assess your request with due care. Within 5 working days you will receive a response from us, either digitally or by post depending on your choice.

What if your premium arrears has been (partially) transferred to a collection agency?

If so, we will not be able to agree a payment plan for the entire outstanding balance. You need to contact the collection agency with regard to payment of the amounts already transferred to an external party for collection.

I still receive invoices even though I have retired. Is this correct?

This is correct. Because your invoices are always charged retrospectively, you may still receive 1 or 2 invoices from us after your retirement date. The invoice or invoices relate to the period before your retirement date.