Since January 1, 2013 the Statutory retirement age has gradually been rising. From your Statutory retirement age, as applicable on the Retirement Date, you are eligible for a pension under the General Old Age Pensions Act (AOW), the state retirement pension. For each insured year, you accrue 2% of the AOW benefit.
You will accrue full AOW benefits if you were always insured for the AOW for 50 years before your Statutory retirement age as applicable on the Retirement Date (50 years x 2% = 100%). In general, you are insured for the AOW if you are a resident of the Netherlands. You are usually not insured in the periods you live outside the Netherlands. If you worked abroad for Shell for a period before January 1, 2006, you may be entitled to so-called ‘compensation for uninsured years’.
If you would like to know precisely which periods you worked for Shell abroad, please contact the Pension Administration and Information department.
Via this link, you can check what your AOW age is:
Single persons are entitled to 70% of the AOW benefit received by married persons.
If you have a partner, you receive from your AOW age 50% of the AOW benefit received by married persons. If you have not accrued the full AOW, you will receive the portion of the benefit you have accrued. The same applies to your partner. Your partner therefore receives from his or her AOW age 50% of the AOW benefit received by married persons, or the portion of the benefit they have accrued.
You can find more information about the abolition of this supplement regulation on the site of the Government.
What about other benefits?
- Chosen temporary pension until AOW age
If you have retired early from January 1, 2014 onwards and you have opted for a temporary pension until your AOW age, this temporary pension will be discontinued as from the first day of the month in which you reach your AOW age.
- WAO or WIA benefit
If you are eligible for a WAO or WIA benefit, this benefit is discontinued when you become entitled to AOW benefit and is no longer deducted from your pension.
How do I apply for my Dutch State Pension (AOW)?
You apply for your AOW benefits some time before you reach your AOW age.
- 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 reach AOW age.
- 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.
If you are eligible for a foreign state pension, you are required to request this yourself before it commences. The same applies if you have a partner.
If you are eligible for a parallel state pension, you can find more information about the foreign state pension via the “parallel pensions” link below.
Other pension entitlements
If you have accrued any other pension entitlements, you must remember to apply for them yourself in good time.
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 an overview of the pension providers with which you have accrued pension and the amount accrued. The Pension Register collects your pension information from the Social Insurance Bank and pension providers so that you have a simple overview.
You will find the websites under “handy Links” below.
When you become entitled to AOW, the SVB factors your personal tax allowances (loonheffingskorting) into your AOW benefit payments. The personal tax allowances comprise the general tax credit, the senior citizens' credit and the single senior citizens' credit, if applicable.
The Shell pension does not take account of personal tax allowances. 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 the Pension Fund.
Personal tax allowances may be factored in by one benefits agency only. If you wish the Pension Fund to apply the personal tax allowances, 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 personal tax allowances to your AOW benefit.
It is possible that you do not wish personal tax allowance to be applied at all, and therefore not to your AOW either. In that event, you must notify the SVB of this yourself. If personal tax allowances are factored in by more than one benefits agency, you may be required to pay additional income tax/social security contributions after submitting your tax return.
For specific questions about your personal tax situation, it is advisable to contact a tax expert.