How do I know if I have a pension shortfall? And how can I close it?

Whether you have a pension shortfall depends on your expected retirement benefits and your financial needs after retirement. Since there are numerous factors to consider, this question can only be clarified with personal pension advice. If you have a pension shortfall, you can close it in two different ways. Either through a voluntary purchase into the pension fund - information on this can be found on your pension certificate - or personal retirement provision (pillar 3a/3b).

We advise everyone to analyze their own retirement provision situation as early as possible. The more time there is until retirement, the easier it is to close a pension shortfall.