Applying for Part-Time Pension and Regulations

{"introduction":"Part-time pension combines work with partial pension withdrawal, governed by specific tax regulations. You can withdraw 10-50% of your pension from the age of 55 while working part-time, without incurring the full revision interest. This is taxed under Box 1, with partial retention of the labour tax credit.","benefits":["Smoother accrual of state pension (AOW)","Flexible income planning"],"drawback":"Pro-rata pension reduction remains applicable.","example":"For instance, with a 50% part-time pension, you receive an additional €800 net per month on a gross pension of €1,600.","regulations":"Rules vary per pension fund; collective labour agreements (CAOs) often provide additional flexibility.","application":"Apply in a timely manner through your pension administrator, allowing for a processing time of approximately 3 months. Use this to optimise your bridge pension."}