The IOAZ (Income Provision for Older and Partially Disabled Self-Employed Persons) provides financial support to older entrepreneurs in Utrecht who have had to stop their business. Your assets do not play a role in the granting of the benefit.
What does the IOAZ entail?
This scheme supports self-employed persons in Utrecht who meet the following criteria:
- Be at least 55 years old (or partially disabled for work)
- Have ceased their business or plan to do so
- Have worked as self-employed for at least 10 years (or 3 of the past 5 years)
- Have an income below the social minimum
Conditions for IOAZ in Utrecht
| Criterion | Explanation |
|---|---|
| Age requirement | From 55 years old (or in case of partial work disability) |
| Work history | At least 1,225 hours per year active as an entrepreneur |
| Period as entrepreneur | 10 years or 3 of the last 5 years |
| Cessation of business | Business (almost) stopped due to too low income |
| Income threshold | Expected income below the social minimum |
Why choose IOAZ over social assistance?
- No assets check: savings and home are not taken into account
- Business proceeds: income from the sale of your business does not need to be spent
- Pension scheme: segregated pension assets remain out of consideration
Amount of the IOAZ benefit
The IOAZ supplements your income to the level of the social assistance norm:
- Single: €1,281 net per month (2024)
- Cohabiting/married: €1,830 net per month together
How to apply for IOAZ in Utrecht?
The application for IOAZ is submitted to the Municipality of Utrecht, ideally before you cease your business. Required documents include, among others:
- Financial statements for the past 3 years
- Proof or plan of business cessation
- Registration with the Chamber of Commerce (extract)
Frequently Asked Questions about IOAZ in Utrecht
Is it possible to apply for IOAZ while my business is still active?
Yes, you can submit the application up to 18 months before the expected cessation. This is recommended for a seamless transition.
Is the proceeds from my business sale taken into account?
No, under the IOAZ, no account is taken of your assets. You do not need to spend the sale proceeds first.
Am I required to job search with an IOAZ benefit?
Yes, you must actively seek work and cooperate with reintegration programs, also in Utrecht.
Additional Frequently Asked Questions
How long does the processing of an IOAZ application in Utrecht take?
The processing time varies, but is often between 8 and 12 weeks. Submit all documents correctly to avoid delays. Apply in time via the Municipality of Utrecht.
What if my income turns out higher after granting?
If your income exceeds the social assistance norm, your benefit will be reduced or terminated. Report income changes immediately to the municipality to prevent repayment.
Can I receive IOAZ if I work part-time as an employee?
Yes, provided your total income is below the social minimum. The Municipality of Utrecht will assess whether you meet the other conditions.
Legal support in Utrecht
For help with your application, you can go to:
- District Court Midden-Nederland: Vrouwe Justitiaplein 1, Utrecht
- Juridisch Loket Utrecht: Catharijnesingel 55, Utrecht