Tax and national insurance contributions and tax credits
Tax and national insurance contributions and tax credits can be complex, for example if you have multiple sources of income. We have therefore explained them as simply as possible.
Tax and national insurance contributions
We deduct ‘loonheffing’ from your income. ‘Loonheffing’ consists of:
- wage tax
- contributions under the Anw survivor benefit scheme
- contributions under the Wlz long-term care scheme
What is a tax credit?
You do not have to pay tax and national insurance contributions on all your income. You can also get a tax credit. This means you will pay less in tax and contributions. As a result, your net AOW pension will be higher.
You can only apply a tax credit to 1 of your sources of income. We cannot say which is the best source of income to apply this to.
You want to change the way your tax credit is applied
If you want to change the way your tax credit is applied to your AOW pension, log in to My SVB and tell us what change you want to make. Remember to also change the tax credits on your other sources of income as from the same month
More information on taxes as from your AOW pension age
When you reach your AOW pension age, your income and taxes change. If you receive benefits from the Dutch Tax Administration (Belastingdienst), they may also change. You can find more information about this on the website of the Belastingdienst.