Premium Payment and AOW Accrual under Voluntary Insurance for Rotterdam Residents

As a Rotterdam resident with voluntary AOW insurance abroad, you pay premiums based on your income, just like the wage tax you know from the port city. The SVB calculates the amount annually and sends an assessment to your Rotterdam address or domicile. For 2024, the premium amounts to approximately 20% of your taxable income, with a maximum aligned to Rotterdam's economic reality. Non-payment results in suspension of accrued rights, but catching up with a penalty is possible via the Rotterdam city hall or SVB office. Accrual proceeds via 'insurance years': each paid year counts for a full AOW entitlement, maximum 50 years, ideal for expats from Rotterdam-South or the Kop van Zuid. After emigration post-AOW age, you do not accrue further, but retain existing entitlement. Tip: declare your foreign income accurately via the 'AOW Voluntary Insurance Premium' form and link it to your Rotterdam BSN via the Personal Records Database. In case of divorce or partner's death, rules are adjusted, with extra attention to Rotterdam port workers' pensions. Upon return to the Maasstad, the premium stops automatically. Avoid disputes with the Tax Authorities and SVB by keeping your address up-to-date with the municipality of Rotterdam – prevent gaps in your pension accrual.