Premium Payment and AOW Accrual under Voluntary Insurance for Tilburg Residents

For residents of Tilburg who live abroad, the voluntary AOW insurance operates with premium payment based on your income, just like wage tax in the Netherlands. The SVB calculates the amount annually and sends an assessment notice. In 2024, the premium amounts to approximately 20% of your taxable income, with a maximum threshold. Failure to pay in Tilburg or elsewhere risks suspension of accrued rights, but catching up is possible with a penalty. Accrual proceeds via 'insurance years': each paid year counts towards a full AOW entitlement, up to a maximum of 50 years. After emigration from Tilburg and reaching AOW age, accrual stops, but existing rights are retained. Local tip for Tilburg residents: declare your foreign income correctly via the 'AOW Voluntary Insurance Premium' form and link it to your address in the Personal Records Database (BRP) with the municipality of Tilburg to avoid problems. Upon return to Tilburg or elsewhere in the Netherlands, the premium stops automatically. Specific to the Tilburg region, additional rules apply in cases of divorce or partner's death via the SVB, such as adjustment of partner supplement. Avoid disputes with the Tax Authorities and SVB by keeping your Tilburg residential history up-to-date, especially if you do business in North Brabant.