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How much will you collect?

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One of the most common questions future retirees ask is: "How much is my group insurance plan worth?" If your employer has taken out a group insurance plan with AG for you, you can check the size of your supplementary pension nest egg quickly and securely on MyAG Employee Benefits, our digital platform. 

MyAG Employee Benefits: a secure and user-friendly platform 

With MyAG Employee Benefits, you can check the size of the supplementary pension benefits that you have accrued to date.

Keep in mind that this is the gross value of your group insurance benefits, including profit sharing.

Run a projection of your net benefits on MyAG Employee Benefits 

When your pension capital is paid out, it will be taxed based on your personal situation. You're probably wondering how much tax will be withheld from your group insurance benefits and what net amount you'll actually take home.

That’s where the gross-to-net calculator on MyAG Employee Benefits comes in. You can use it to get a projection of the net value of your supplementary pension benefits at any time. The calculator uses the most up-to-date information and automatically calculates the net amount using both standard taxation and the favourable tax rate.

Want to find out more about how supplementary pensions are taxed?  Click here.

How to know if you're eligible for more favourable tax treatment on your group insurance proceeds?

If you were "actively employed" until your statutory retirement date (currently age 66) or have 45 years of service under your belt, you’re eligible for a lower tax rate.

See this document for more details on the concept of actively employed.

Your benefits with the MyAG Employee Benefits app

Register and log in to MyAG Employee Benefits app to find out more.

You can then take advantage of its many benefits, including:

  • detailed information about your covers and benefits as well as any changes in the status of your group insurance
  • the projected benefit amount that you'll be entitled to collect when you retire                  
  • your group insurance-related information and documents

Why download the MyAG Employee Benefits?

Tip: Retirement doesn't have to be an abrupt change from a full-time job to a life of leisure. Some people switch to part-time employment, take a career break, etc. While these alternative paths into retirement are very popular, they do come with certain consequences for your statutory and supplementary pension entitlements.