Old Age Act (AOW) /
Old age pension scheme

› Maximum level of the AOW pension in the Netherlands is the 70% of the (minimum) net
wage.

› AOW pension is a flat-rate supplement.

› Applicable for all residents (or workers) based
in the Netherlands older than 65 and those who
have been residents (or workers) between the
ages 15 and 65.

› For every year of living (or working) in the
Netherlands, 2% of the full rate of the old age
pension is accumulated.

› Payable from the age of 64 in the Netherlands
or any other countries with which the Dutch tax
authorities have signed a reciprocal pensions
agreement.

› Unaffected by other forms of income but
depends on marital status.

Occupational pensions
(Bedrijfspensioen)

› Optional for employers but quite common in the
Netherlands.

› Depends on the employers’ salary and the
contribution rate.

› Total occupational pension may rise up to 70%
of the last salary, if the collective labor
agreement lasts for minimum (maximum) 35
(40) years.


Private pensions

› Obtained by individual pension providers.

› Most pension funds are already included in the
occupational pensions.

More information can be found at ABP’s
(pension fund for employers and employees in
the Netherlands) pension guide and/or the SVB
(organization that implements national insurance
schemes in the Netherlands).