AOW Deferral in Tilburg: Rules and Consequences
**AOW deferral** offers residents of Tilburg the opportunity to postpone their AOW age by up to a maximum of 5 years. Financially advantageous, but with an impact on your income. Learn the rules through local institutions such as the Rechtbank Zeeland-West-Brabant and Juridisch Loket Tilburg.
Why Consider AOW Deferral in Tilburg?
In Tilburg, where many residents reach retirement age, **AOW deferral** is popular. You can postpone your **AOW age** (2024: 67 years and 3 months) by a maximum of **5 years**. This way, you receive a higher monthly amount later. The AOW is the basic benefit for everyone in the Netherlands, including Tilburg. Deferral extends your pension phase and increases your total income.
Legal Basis for AOW Deferral
The legislation is regulated in the **AOW Act** and **AOW Decree**, with influences from the **Social Insurance Funding Act** (Wfsv). Important articles:
- Article 11 AOW Act: Regulates deferral options.
- Article 12 AOW Act: Determines the increase calculation.
- AOW Decree, Article 1.1: Sets conditions and application procedure.
For disputes in Tilburg, you can go to the Rechtbank Zeeland-West-Brabant, Wilhelminapark 100, or the Juridisch Loket Tilburg, Spoorlaan 364 for free advice.
Conditions for AOW Deferral for Tilburg Residents
Meet these requirements:
- Minimum AOW age (from 65+, increasing to 67 years and 3 months in 2024).
- No ongoing AOW benefit at the time of application.
- Maximum 5 years deferral, e.g., from 2024 to 2029.
- Timely notification to SVB, at least 3 months in advance.
Calculation of AOW Increase upon Deferral
Your benefit increases due to spreading over a shorter period. Factors: deferral duration, life expectancy and indexation. SVB formula applies.
| Deferral Duration | Increase (%) | Example (€1,500 base) |
|---|---|---|
| 1 year | ~5% | €1,575 |
| 2 years | ~10% | €1,650 |
| 3 years | ~15% | €1,725 |
| 4 years | ~20% | €1,800 |
| 5 years | ~25% | €1,875 |
Percentages vary annually. Check the SVB calculator or visit Juridisch Loket Tilburg, Spoorlaan 364.
Benefits and Drawbacks of AOW Deferral
Benefits:
- Higher monthly benefit for a more comfortable life in Tilburg.
- Total pension yield increases if you live longer.
- Flexibility for those who continue working.
Drawbacks:
- Income missed during deferral period – crucial for Tilburg residents without savings.
- Risk in case of early death: lower total benefit.
- Impact on benefits and taxes.
Tip: Consult SVB or Juridisch Loket Tilburg for personal advice.