Premium and Costs of AOW Voluntary Insurance in Tilburg

In Tilburg, the premium for the AOW voluntary insurance amounts to approximately 20% of the minimum wage per year, which comes to about €1,500 to €2,000 per missing year in 2024. This premium is tax deductible as 'contribution to social insurance premiums', particularly attractive for Tilburg entrepreneurs and higher-educated individuals in sectors such as the textile and manufacturing industry. For partners in Tilburg, a discount applies if both participate, ideal for dual-income households in neighbourhoods such as Het Zand or Oud-Zuid. The SVB calculates the exact costs based on your gross annual income and indexes them annually; residents of Tilburg can count on support from the municipality in the application process. Payment is made in instalments or as a lump sum, with remission possible via extraordinary social assistance from the municipality of Tilburg for low incomes, for example via the Wmo counter at Stadhuislaan. According to the Decree on AOW Voluntary Insurance (article 5), the insurance lapses upon non-timely payment, without refund. Return: per supplemented year, you receive approximately €1,200 gross AOW per year extra, indexed with inflation. Example for a Tilburg resident: supplementing 10 years costs €18,000, but yields €12,000 per year from AOW age – comparable to saving at local Rabobank branches. Take into account life expectancy in North Brabant; in case of early death, a loss may occur. Tilburg pensioners often combine this with supplementary pension via Werkzaak Tilburg; compare with private options for the best choice.