Purchasing AOW-gap in Rotterdam: supplementing your pension
The **AOW-gap** is the difference between your desired pension and the **AOW benefit**. In Rotterdam, many residents receive only AOW after retirement, which is often insufficient. Purchasing this gap increases your income. This article discusses local Rotterdam options, legal frameworks and advice via Rotterdam District Court (Wilhelminaplein 100-125) and Rotterdam Legal Aid Office (Westblaak 180).
What is an AOW-gap in Rotterdam?
Your **AOW benefit** often does not cover living expenses in Rotterdam, where costs are higher. From AOW age (67 in 2024, rising to 68 in 2030) the maximum benefit is approximately €1,600 gross per month (for full premium years). Without supplementary pension, a gap arises. Rotterdam residents often aim for 70% of last earned salary.
Legal basis and Rotterdam rules
Purchasing falls under the **Financial Supervision Act (Wft)**, **Pensions Act** and **Income Tax Act 2001**. In Rotterdam, you can go to local pension advisors or Rotterdam District Court for disputes. No obligation, but popular via employers or individual policies.
How do you purchase your AOW-gap in Rotterdam?
Rotterdam options:
- Employer: Build up via premium contributions at Rotterdam companies.
- Self-employed: IPP with Aegon or NN, with local offices in Rotterdam.
- Savings products: Banks in Rotterdam Centre offer life insurance policies.
- Own assets: Convert savings via purchase scheme.
For self-employed in Rotterdam
- 30% ruling: Tax benefit for ZZP'ers in Rotterdam.
- IPP: Deductible via local advisors.
- Life insurance: Ongoing until AOW age.
Practical Rotterdam examples
Example 1: Via employer in Rotterdam
Situation: Jan (55, Rotterdam) earns €4,000 gross, pension €1,200/month. AOW €1,600. Total €2,800, target €2,800+ via premium increase.
Example 2: ZZP'er in Rotterdam
Situation: Marie (50, Kralingen) uses 30% ruling for €500/month IPP premium, deductible. Fill gap via Legal Aid Office advice.
Local advice in Rotterdam
Consult Rotterdam District Court, Wilhelminaplein 100-125 for legal questions or Rotterdam Legal Aid Office, Westblaak 180 for free consultation hours. Unique to Rotterdam: port workers benefit from special schemes.
Tax benefits and risks
Premiums often deductible. Watch for inflation and returns. Consider Rotterdam financial advisors for personal plan.