What counts as income?
The contribution for voluntary insurance depends on your total income from the Netherlands and abroad. Below, you can read about what counts as income and what does not.
Income for voluntary insurance purposes
Income includes:
- wages or salary
- income from other activities
- profits from business activities
- benefits and pensions, for example old-age pensions, early retirement pensions, survivor benefits or incapacity benefits
- If you are a home owner: the notional rental value of your house. This is a fixed amount based on the value of your house. Any mortgage interest you pay for your house is deducted from this amount.
What can you deduct from your income?
The following can be deducted from your income:
- social insurance contributions withheld from your wages
- annuity premiums
- contributions for insurance against illness, incapacity for work and/or accidents
- donations to churches or charities
- maintenance you pay to your ex-partner
- certain medical expenses
You can only deduct these costs up to a certain maximum amount. The rules for this are more or less the same as the rules that apply to deductibles in your tax return.
You cannot deduct the voluntary insurance contribution from your income.