Financial planning: increased annual margin from 2023
It will not have escaped your notice that the "Future Pensions Act" will take effect on July 1, 2023. Part of this new legislation is that the scope for making annuity payments will be greatly increased from 2023.
Assuming you do not accrue a pension through an employer or occupational pension fund, this means the following in particular:
- The maximum income that counts for calculating the annual margin is increased to an amount of €128,810, to be reduced by a state pension amount of €13,646;
- The accrual rate is increased from 13.3% to 30.0%;
- The maximum amount of annuity (deductible) to be paid in 2023 thus comes to €34,550;
- For the reserve room, up to 10 years (was 7 years) may be counted back;
- The maximum amount of reserve space to be deposited in 2023 is €38,000.
Is it attractive for you to take advantage of the opportunity to start accumulating more assets in the annuity sphere?
By creating a Financial Plan, our advisors can give you insight into how you can best realize your long-term wishes! In doing so, the building blocks are always the following.
- Your long-term income position
- AOW, Pension, Annuity, Rental income etc.
- Long-term desired level of spending
- Your asset position,
- where freely available capital will often be necessary to provide the desired level of spending.
It is certainly not a given that by making maximum annuity payments you will realize your long-term wishes. True, you will increase your long-term income position in this way, but your overall financial picture may actually call for more flexibility in the form of freely available assets.
Our consultants are happy to serve you and are available for a no-obligation consultation.
