Premium and Costs AOW Voluntary Insurance in Rotterdam

In Rotterdam, the bustling port city of the Netherlands, you can use the AOW voluntary insurance to fill gaps in your AOW accrual, for example due to years abroad or as a self-employed person (ZZP'er) in the Rotterdam port. The premium 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', extra attractive for Rotterdam residents with higher incomes from sectors such as logistics or maritime services. Partners in Rotterdam households receive a discount if both participate. The SVB calculates the exact costs based on your gross annual income and indexes them annually; consult the SVB office in Rotterdam-South for personal advice. Payment in instalments or one-off, with remission possible via exceptional assistance from the Rotterdam municipality for low incomes, such as port workers in a temporary dip. According to the Decree on AOW Voluntary Insurance (article 5), the insurance lapses upon non-timely payment, without refund. Return: per supplemented year approximately €1,200 gross AOW extra per year, indexed with inflation. Example for Rotterdam: supplementing 10 years costs €18,000, but yields €12,000 per year from AOW age – ideal for long-term Rotterdam residents. Take life expectancy into account; in case of early death, loss. Compare with private pension accrual via local advisors in the Maasstad for the best choice.