AOW benefit

As of 1 January 2013 the age for AOW is slowly rising. From this AOW age, as it applies on the retirement date, you will qualify for a State Pension under the General Old Age Pensions Act (AOW), the State retirement pension. For every year that you were insured, you will have accrued 2 per cent of the AOW benefit.

You will be entitled to full AOW benefit if you were covered for 50 years before you reach your AOW age as it applies on the retirement date (50 x 2% = 100%). You were insured for the period you resided in The Netherlands. In most cases, you will not have been insured during any periods of residence outside The Netherlands.

Via this link, available in Dutch only, you can check what your age for AOW is:

Supplementary partner's pension

If you have not reached the AOW age as it applies on the retirement date, you receive a supplementary partner’s pension. When you become entitled to the AOW benefit you will receive this benefit. The payment of the supplementary partner’s pension will end from the first day of the month in which you reach the AOW age as it applies on the retirement date, or at the latest on your pension date according to the regulations.

What should I do?

Some time before you become entitled to AOW, you will need to request your AOW benefit.

If you are a resident of the Netherlands

  • Some time before you become entitled to AOW, you will receive an application form from your local SVB office. You are required to complete and return the form to the SVB no later than 3 months before you become entitled to AOW.

If you are not a resident of the Netherlands

  • If you live abroad, you are required to request your own application form from the SVB as soon as possible.

Other pension entitlements

If you have accrued any other pension entitlements that enter into effect, you must remember to apply for these yourself in good time. If you are eligible for a foreign state pension, you are also required to request this yourself.

If you no longer know whether you have accrued any other pension entitlements with a previous employer in The Netherlands, the (Dutch only) site of the Pension Register(Pensioenregister) provides one simple overview. The Pension Register Foundation collects your pension entitlements from the Social Insurance Bank and from the pension scheme administrators.

You can find the website via our 'useful links' page.

Taxation

The Shell pension does not take wagy levy rebate into account. You are automatically placed in category 0. If you wish to change this, you are required to complete a 'model opgaaf gegevens voor de loonheffingen' (wage tax declaration) and return it to us.

When you become entitled to AOW, the SVB factors your wage levy rebate (loonheffingskorting) into your AOW benefit payments. The wage levy rebate comprises general tax rebate (algemene heffingskorting), senior citizens rebate (ouderenkorting) and single senior citizens rebate (alleenstaande ouderenkorting), if applicable.

Wage levy rebate may be factored in by one benefits agency only. If you wish the Pension Fund to apply the wage levy rebate, you must obtain and complete a wage tax declaration from the Pension Fund. You must then notify the SVB that they are not required to apply any wage levy rebate to your AOW benefit.

If you wish that no wage levy rebate is applied to any income element at all, including your AOW benefit, you must notify the SVB of this yourself. If you receive rebates from more than one benefits agency, you may be required to pay additional income tax/ social security contributions after submitting your tax return. If you have specific questions regarding your personal tax situation, please contact a tax consultant.

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