Leave savings balance
In the Pension Pro article from 10 June 2025, it can be read that there are important developments regarding external leave savings. The article includes Jan-Olivier Kuijkhoven, partner at KWPS. We are happy to explain this topic about which we publish a lot and advise more and more in practice.
Save two years' salaries for sustainable employability
Since 2021, it has been possible to save almost two annual salaries for sustainable employability. The balance can be used to take temporary leave, finance part-time work or take early retirement. Leave savings are seen by social partners and by the government as an important tool for reaching the retirement date in a healthy way. Social partners determine sources and expenditures.
The wish for external leave savings balance
If employees start saving larger volumes of leave, this has two important disadvantages. First of all, high obligations arise that affect the employer's balance sheet and, secondly, the employee is empty-handed if the employer goes bankrupt. That is why there has been a need to be able to design external leave savings balance for several years.
Blocked administrative account
The breakthrough in external leave savings balance could well be the externally administered administrative account that is discussed in the Pension Pro article. KWPS has done a lot of research and is involved in a practical case. There is more to leave savings balance than just an external account. Social partners must agree on a regulation, all legal documents will have to be coordinated with the tax authorities in advance, each employer's accountant shares its findingsabout it and it must be clear in advance that the bank or asset manager can implement the scheme in a fiscally and contractually watertight manner.