How the holding works as pension vehicle

  1. The operating BV distributes profit to the holding — 0% tax through the participation exemption.
  2. The holding invests: securities, real estate, a next participation. Results are taxed at the corporate rate (19% up to €200,000).
  3. From your chosen pension moment, the holding pays dividend to private: box 2 at 24.5% up to €68,843 per person, 31% above.

Why it beats box 3 for most DGAs

  • The growth escapes the annual box 3 levy entirely.
  • Full control over the strategy and the payout calendar — fiscal partners double the 24.5% bracket to €137,686 by splitting.
  • At death, shares pass with the business succession scheme available.
  • The €500,000 borrowing room doubles as a flexible bridge before the payout phase.

The realistic combination

Most DGAs pair the holding with a private lijfrente (annual allowance €36,072 in 2026, deductible in box 1) — the lijfrente harvests the box 1 deduction, the holding carries everything above it. The complete picture with worked example: the DGA pension in 2026; the allowance itself: calculate your lijfrente allowance. Last verified: 19 July 2026.

The neighbouring questions

In the same direction: Holding via Stichting (STAK) and Transferring Shares to a Holding BV.