Are you considering stopping work earlier than your AOW age in Zoetermeer? This is possible, but you must arrange the financial side yourself. Discover the options and local support here.
Retiring Early
In the Netherlands, the standard pension age is linked to the AOW age. If you want to stop earlier, take the following into account:
- You only receive AOW from the official AOW age
- Early retirement often means a lower pension benefit
- You must financially bridge the period until your AOW yourself
Options for Stopping Early
| Option | Description |
|---|---|
| Early pension | Have your pension paid out earlier, but with a lower monthly benefit |
| Part-time pension | Work fewer hours and draw a portion of your pension |
| Use own savings | Tap into your personal reserves to bridge the period |
| RVU scheme | A scheme via your employer for early exit |
Taking Early Pension
Often you can start your employer's pension up to 5 years earlier. However, this has consequences:
- Your monthly benefit will be lower
- For each year you stop earlier, you receive approximately 6-8% less
- This lower amount applies for the rest of your life
What is the RVU Scheme?
With the RVU (Early Exit Scheme), employers can help older employees in Zoetermeer and elsewhere to stop earlier:
- For employees within 3 years before the AOW age
- Employers can pay out up to a certain amount without additional tax levy
- Maximum €2,182 gross per month (as of 2024)
- This scheme is valid until and including 2026
Local Support in Zoetermeer
Do you have questions about early retirement or legal aspects of your pension? The Juridisch Loket Zoetermeer offers free advice and support. For complex matters, you can go to the Rechtbank Den Haag, which is also competent for Zoetermeer.
Frequently Asked Questions
How much savings do I need to stop early?
Determine your monthly expenses and multiply this by the number of months until your AOW age. Also take extra expenses into account.
Is it possible to receive AOW earlier?
No, the AOW age is fixed and cannot be brought forward.
What does part-time pension entail?
With part-time pension, you work fewer hours and compensate the income loss with a portion of your pension benefit.
Extra Questions About Early Retirement
How can I calculate what I need financially?
Start by mapping out your monthly expenses. Multiply this by the period until your AOW age and add a margin for inflation (for example 2% per year) and unexpected costs. Use online tools or consult a financial expert in Zoetermeer.
What are the tax consequences of early pension?
If you retire early, you receive less per month, but you also pay less tax due to a lower income. If you use your savings, box 3 tax may apply. For an RVU benefit, normal income tax applies. Contact the Belastingdienst or an advisor for specific questions.
Can I combine part-time pension with other work?
Yes, you may earn additional income alongside part-time pension without a limit. However, be aware of the impact on taxes and benefits. Inquire with your pension fund about any conditions.
Who is eligible for the RVU scheme?
The RVU scheme applies to employees who stop at most 3 years before their AOW age. Employers can offer a gross benefit of €2,182 per month (2024) without additional tax. This applies until 2026. Ask your employer or HR department in Zoetermeer about the options.
What if I want to work again later after stopping early?
If you start working again later, your pension does not automatically continue to accrue. You can voluntarily top up or build up again via a new employer. Contact your pension administrator for advice.
Is paying off my mortgage smart when stopping early?
Paying off your mortgage reduces your monthly costs, which is advantageous with a lower income. Watch for any penalties for early repayment and ensure you have a financial buffer. An advisor can assess your situation in Zoetermeer.
Can I use annuity to stop early?
Yes, annuity can be used to bridge the period until your AOW. You can choose a temporary or lifelong payout, but if you start early, you will receive less later. Consult your insurer for the best approach.