Premium and Costs of AOW Voluntary Insurance in Zoetermeer

In Zoetermeer, the premium for the AOW voluntary insurance amounts to approximately 20% of the minimum wage per year, which comes down to about €1,500 to €2,000 per missing year in 2024. This premium is tax deductible as 'contribution to social insurance premiums', ideal for residents of Zoetermeer with higher incomes in sectors such as IT and government. Partners in Zoetermeer or surrounding municipalities such as The Hague receive a discount if both participate. The SVB calculates exact costs based on your gross annual income and indexes them annually; local SVB advisors in the South Holland region are ready for personal calculations. Payment in installments or one-time, with remission via exceptional assistance from the municipality of Zoetermeer for those on minimum income – check the website zoetermeer.nl for application forms. According to the Decree on voluntary AOW insurance (article 5), the insurance lapses upon non-timely payment, without refund. Return: per supplemented year approximately €1,200 gross AOW extra per year, indexed with inflation. Example for a fifty-something from Zoetermeer: supplementing 10 years costs €18,000, but yields €12,000 annually from AOW age. Taking into account the average life expectancy in Zoetermeer (higher due to good care facilities), it is often advantageous. Compare with local pension advisors in the Stadshart for the best option.