Your pension will be increased with 3.13%
5 December 2024Your pension will be increased with 3.13% per January 1, 2025. This percentage is the maximum increase that we can give.
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.
Your pension will be increased with 3.13% per January 1, 2025. This percentage is the maximum increase that we can give.
We look back on three days of great conversations and informative webinars in which we took a total of 341 live viewers through the transition to the new pension scheme. We have noticed that pensions are not an issue for everyone, but when we talk to colleagues, questions do arise.
The new pension scheme is a solidarity-based contribution scheme. An important and mandatory element of this scheme is the solidarity reserve. The solidarity reserve is a separate reserve that protects the pension benefits. The solidarity reserve has two objectives: