Premium and Costs of AOW Voluntary Insurance in Utrecht

In Utrecht, the premium for the AOW voluntary insurance amounts to approximately 20% of the minimum wage per year, which comes to about €1,500 to €2,000 per missing year in 2024. This premium is tax deductible as 'contribution to social insurance premiums', particularly attractive for Utrecht residents with higher incomes in sectors such as tech or government. For partners in the Domstad, a discount applies if both participate. The SVB calculates the exact costs based on your gross annual income and indexes them annually. Payment can be made in instalments or lump sum via the Utrecht municipality, with remission for low incomes through special assistance from the Utrecht Wmo municipal office. According to the Decree on Voluntary AOW Insurance (article 5), the insurance lapses upon non-timely payment, without refund. Return: per supplemented year, you receive approximately €1,200 gross AOW per year extra, indexed with inflation. Example for Utrecht: supplementing 10 years costs €18,000, but yields €12,000 per year from AOW age, ideal for residents near Central Station with an active lifestyle. Take into account life expectancy in healthy Utrecht; in case of early death, the loss is greater. Compare with private pension build-up via local advisors in the city centre for the optimal choice.