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.
In 2024, we will have achieved a 12.6% return by investing the pension assets. With this result, we are in the top three of the more than 170 pension funds in the Netherlands that were surveyed by consultants from OverRendement and Bell.
We are expected to implement the new pension scheme from January 1, 2026. We are preparing for this, so that this transition is done carefully. For example, in 2024 we switched to a new pension administration system. In this administration system, we can administer our current and future pension scheme. In short: with this administration system we are ready for the future.
Your pension scheme will change from January 1, 2026. In the coming months, we will explain the new pension scheme to you in small pieces. This time: the change in the way we build up pension.