Premium Payment and AOW Accrual under Voluntary Insurance for Residents of Zoetermeer

For residents of Zoetermeer who take out voluntary AOW insurance while residing abroad, premium payment is based on your income, similar to the wage tax you know from the Zoetermeer region. The SVB calculates the amount annually and sends an assessment notice to your address, which you must register via the Personal Records Database (BRP) with the municipality of Zoetermeer. For 2024, the premium amounts to approximately 20% of your taxable income, with a maximum limit. If you fail to pay, you risk suspension of accrued AOW rights, but catching up is possible with a penalty. Accrual proceeds via 'insurance years': each paid year counts towards a full AOW entitlement, maximum 50 years. If you emigrate from Zoetermeer after AOW age, accrual stops but you retain your rights. Local tip for Zoetermeerders: declare your foreign income accurately via the 'AOW Premium Voluntary Insurance' form and consult the municipality of Zoetermeer's counter for assistance with emigration formalities. In case of divorce or death of your partner, special adjustments apply to the rights. Upon return to Zoetermeer or elsewhere in the Netherlands, premium payment stops automatically. This way, you avoid disputes with the Tax Authorities and SVB regarding your pension accrual, and your benefit remains securely arranged.