The assets you own can determine whether you qualify for benefits in Zoetermeer. Too much savings or investments may mean you receive less or no benefit.
What counts as assets?
For benefits, your assets on 1 January of the relevant year are considered. These include, among others:
- Money in savings accounts
- Investments and shares
- Digital currencies such as Bitcoin
- Cash above a normal amount
- The value of a second home
- Outstanding claims on third parties
What is not considered as assets?
- The home in which you live yourself
- Pension arrangements
- Annuity products
- Student loans (these are not deducted)
- A car (provided the value is within reasonable limits)
Asset limits per benefit in 2024
| Type of benefit | Single | With benefit partner |
|---|---|---|
| Healthcare allowance | € 127.582 | € 161.329 |
| Rent allowance | € 33.748 | € 67.496 |
| Childcare allowance | € 127.582 | € 161.329 |
| Child-related budget | € 127.582 | € 161.329 |
Importance of the reference date
Your assets are determined on 1 January of the benefit year. If you exceed the limit on 1 January 2024, you will not receive any benefit in that year, even if your assets decrease later in the year.
Frequently asked questions about assets and benefits in Zoetermeer
Does the overvalue of my own home count?
No, the value of the home in which you live is not counted as assets for benefits.
What if my assets are just above the limit?
In that case, you have no entitlement to benefit for the entire year. Consider making large expenditures before 1 January to get below the threshold.
Does a received inheritance have an effect?
Yes, an inheritance is considered as assets from the moment of receipt. This can affect your benefits for the following year.
Extra tips and questions
How do I determine my assets for benefits?
Your assets are determined by your possessions minus certain debts on 1 January. Only specific possessions such as savings and a second home count. Debts such as a mortgage on your own home are not deducted.
Does an expensive car count as assets?
In general, a car does not count, unless it has an exceptionally high value. In case of doubt, contact the Tax Authorities.
What to do if assets are just above the threshold?
Consider expenditures before 1 January such as repayments or investments in your home to reduce your assets. Plan this carefully to avoid tax consequences.
Effect of an inheritance in 2023 on 2024?
Yes, an inheritance received in 2023 counts as assets on 1 January 2024 and can affect your benefits.
Does it help to divide assets over accounts?
No, the Tax Authorities add up all your assets, regardless of where they are held. Declare everything honestly to avoid problems.
What if I do not declare my assets?
Failing to declare or incorrectly declaring assets can lead to recovery of benefits and fines. Always be transparent.
How often do the asset limits change?
The limits are adjusted every year, usually as of 1 January, based on inflation and economic developments. Check the current rules annually via the Tax Authorities.
Summary: Your assets on 1 January determine your entitlement to benefits in Zoetermeer. If you exceed the threshold, your entitlement lapses for that year. For more help, you can contact the Juridisch Loket Zoetermeer or the District Court of The Hague.