Pension Accrual for Self-Employed Professionals under the Future Pensions Act

From 2023, the Future Pensions Act (Wtp) reforms the pension system, with impact on self-employed professionals without AOW voluntary insurance. Self-employed professionals do not accrue mandatory pension, but Wtp introduces voluntary participation in sector pension funds with premium scale. AOW remains the foundation, but Wtp increases transition to defined contribution. Benefits: higher coverage ratio, better indexation. Self-employed professionals can join Old Age Reserve (FOR) for tax-friendly accrual, max. 9.44% profit in box 3. Difference with AOW: more flexible payout, investment choice. Costs: voluntary premium approx. 10-15% income. Wtp article 90 regulates self-employed participation. Practice: register with pension fund for uniform agreement. Return higher than AOW due to markets. Risk: no guarantee. Strategy: fill AOW gap and accrue via FOR/Wtp. Tax authorities apply annual allowance. Example: €50,000 profit, reserve €4,500 for pension. Future-proof with Wtp transition by 2028. (198 words)