Premium Payment and AOW Accrual under Voluntary Insurance for Delft Residents

For residents of Delft who remain voluntarily insured for AOW while residing abroad, premium payment is based on your income, just like wage tax in the Netherlands. The SVB calculates the amount annually and sends an assessment notice. In 2024, the premium amounts to approximately 20% of your taxable income, with a maximum limit. Failure to pay results in suspension of accrued rights, but catching up is possible with a penalty. Accrual proceeds via 'insurance years': each paid year counts towards a full AOW entitlement, up to a maximum of 50 years. After emigration post-AOW age, accrual stops, but existing entitlement is retained. Specifically for Delft residents: declare foreign income honestly via the 'AOW Premium Voluntary Insurance' form and link this to your Delft Basic Registration of Persons (BRP) at Delft municipality. Upon return to the Technopolis city of Delft, premium payment is automatically discontinued. Be mindful of local nuances in case of divorce or partner's death, such as adjustments via SVB. Tip: Avoid disputes with the Tax Authorities and SVB by immediately reporting address changes at the Delft municipal counter on Burgwal. This ensures carefree pension accrual, even from abroad.