All holders of an SP account are liable to taxation. The SP account can be held with

• The Labour Market Supplementary Pension Fund (ATP),
• a bank, or
• a pension provider

An SP plan with a bank or pension provider is a pension plan in which pension funds from an SP plan held with ATP are deposited.

As from 1 January 2005, holders of SP accounts with banks became liable to pay tax on the yields.

The option of transferring the plan under Section 41 of PBL entered into force on 1 July 2005. See D.1.3, Declaration and settlement by banks and pension providers on the termination of pension plans.