Click here to see your tax brackets if you reached state pension age prior to 1 January 2020.
The following table shows the differences between the tax rates in 2019 and 2020:
| On an income up to €20,711 | On an income above €20,711 and a maximum of €34,712* | On incomes above €34,712* and a maximum of €68,507 | On incomes above €68,507 | |
| 2019 | 18.75% | 20.20% | 38.10% | 51.75% |
| 2020 | 19.45% | 19.45% | 37.35% | 49.50% |
The first bracket tax rate is now slightly higher and therefore you might receive a lower net amount in 2020 than you received in 2019.
Click here to see your tax brackets if you reached or will reach state pension age in 2020.
The Compulsory Health Insurance (Zvw) statutory contribution has been lowered to 5.45%. The contribution in 2019 was 5.7%. The HPF deducts the income-dependent Zvw contribution from the gross pension payments. This means that in 2020 you will receive a slightly higher pension. However, it is also possible that on the basis of the aforementioned tax bracket changes you could receive a lower net pension. Note, that the maximum amount over which you pay the income-dependent Zvw contribution has been increased to € 57,232. In 2019 this was 55,927. In other words, the deduction also changes even if your gross pension doesn’t.
When investing, we take environmental and social aspects and good corporate governance into account. We have laid down how we do this in our policy on socially responsible investment (SRI policy). In our Sustainability Report 2023 you can read how this took place in 2023. In the first part, we tell you what our policy looked like in 2023. In part 2 we report on the implementation and results of our SRI policy in the past year.
The first half of 2024 is over and we would like to look back on the year 2023 with you. We have laid down the most important facts and figures in the Annual Overview 2023. Worth checking out!
It is important that there is also a benefit for your partner and children in the event of your death. A situation you’d rather not think about, but it’s very important to have something arranged.