The official newspaper of the Netherlands, the Staatscourant, published up-to-date data on social payments calculations. The calculations were carried out by the newspaper staff according to the current methods. However, some of the innovations require waiting for their official introduction by legislators or relevant ministers. In this article, we will talk about changes in the field of pension payments.
A detailed description of the rules for paying pensions in the Netherlands can be found in our article. Within the framework of this material, we have focused only on changing the various numbers that affect pensions in Dutch laws. These figures should change due to changes in minimum wages. You can see the specific figures for the minimum wages for 2023 on the Dutch government website or in our article.
Changes under the General Pensions Act
General Law on Pensions (Algemene Ouderdomswet) does not change. As before, the pension of pensioners who are married or in partnership is 50% of the minimum wage, and for unmarried and unmarried pensioners - 70%. However, due to the change in the minimum wage, pensioners with partners will receive 968,86 euros per month, and bachelors - 1425,8 euros.
What will change in the Participation Law
In accordance with the participation law (Participation Act) the conditions under which a person can retire before retirement age will change (arts. 15(2)(b)(2°) and 15(2)(b)(3°)(ii)). Now the maximum amount of pension savings can be 321 euros (previously 178 euros), and the amount of deposits made annually to pension accounts has been increased to 274 euros (previously 675 euros). This will allow more wealthy pensioners to retire early. In addition, the following articles of the law will be amended:
Article 22
- single person or single parent living separately from other adults - 1330,67 euros (was 1225,67 euros);
- married couples in which both spouses have reached retirement age and live separately - 1807,20 euros (was 1660,36 euros);
- married couples in which one spouse has reached retirement age and the other spouse has not, but is over 21 years old, living separately - 1807,20 euros (was 1660,36 euros).
Article 33 Item 5:
If a single person, a single parent or a spouse has reached retirement age, the private old-age benefit received as a periodic benefit will not be taken into account in determining the amount of the general benefit up to the amount of:
- for a single person and a single parent: 25,15 (was 21,50) euros per calendar month;
- for married couples - together: 50,30 (was 43) euros per calendar month.
Article 34. Tangible assets. Item 2(d):
Assets associated with a house with adjacent land are not considered as assets if they are less than 64 (was 100) euros;
Item 3 (a, b, c)
The savings limit that does not affect pension is:
- for a single person: 7605 (was 6505) euros;
- for a single parent: 15 (was 210) euros;
- for married couples - total savings: 15 (210) euros.
Changes to the AOW Time Rules
In paragraph 3 (d) Art. 3 of the Provisional Regulations for the General Pension (Tijdelijke regeling overbruggingsuitkering AOW) the amount of pension savings of a self-employed person that is not subject to accounting as assets has changed. Now this amount will be 149 (was 002) euros.
Article 8. Paragraph 2:
For the transitional period for persons subject to the temporary regulation, the AOW will be:
a. For single people - 1378,76 (was 1264,49) euros;
- For recipients who are married or in partnership - 876,32 (was 802,85) euros;
c. The total payment for partners in a relationship is 876,32 (was 802,85) euros.
Company Nalog.nl plans several more articles on changes in the rules for accrual and the size of other social benefits. Stay tuned for new content on our website!
Publication Date: 20.12.2022
