During the tax return period, a frequently recurring question is whether and in which cases the annual premium of life insurance policies can be deducted. <\/p>\n\n\n\n
In Dutch personal income tax, life insurance premiums are generally not deductible. Tax relief is only available in certain specific cases.<\/p>\n\n\n\n
Below is an overview:<\/p>\n\n\n\n
1. Term Life Insurance (Overlijdensrisicoverzekering \u2013 ORV)<\/strong><\/p>\n\n\n\n Not deductible if taken out as a private individual. Exception: In short: ORV premium = not deductible.<\/p>\n\n\n\n 2. Annuity Insurance (Lijfrenteverzekering \u2013 very important!)<\/strong><\/p>\n\n\n\n This is the most important exception. You have a pension shortfall (jaarruimte or reserveringsruimte) The paid premium is deductible from personal income tax. Commonly used by: 3. General Savings or Investment Life Insurance<\/strong><\/p>\n\n\n\n Not deductible. 4. Endowment Insurance for Owner-Occupied Housing (Kapitaalverzekering eigen woning \u2013 KEW)<\/strong><\/p>\n\n\n\n This applies only to older contracts concluded before 2013. Short summary (Netherlands)<\/strong><\/p>\n\n\n\n Term life insurance \u2013 Premium deductible? No During the tax return period, a frequently recurring question is whether and in which cases the annual premium of life<\/p>\n","protected":false},"author":2,"featured_media":1282,"parent":0,"menu_order":0,"template":"","meta":{"_eb_attr":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}}},"knowledge-category":[43],"class_list":["post-1281","tudastar","type-tudastar","status-publish","has-post-thumbnail","hentry","knowledge-category-biztositas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/magyarkonyvelohaz.nl\/en\/wp-json\/wp\/v2\/tudastar\/1281","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/magyarkonyvelohaz.nl\/en\/wp-json\/wp\/v2\/tudastar"}],"about":[{"href":"https:\/\/magyarkonyvelohaz.nl\/en\/wp-json\/wp\/v2\/types\/tudastar"}],"author":[{"embeddable":true,"href":"https:\/\/magyarkonyvelohaz.nl\/en\/wp-json\/wp\/v2\/users\/2"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/magyarkonyvelohaz.nl\/en\/wp-json\/wp\/v2\/media\/1282"}],"wp:attachment":[{"href":"https:\/\/magyarkonyvelohaz.nl\/en\/wp-json\/wp\/v2\/media?parent=1281"}],"wp:term":[{"taxonomy":"knowledge-category","embeddable":true,"href":"https:\/\/magyarkonyvelohaz.nl\/en\/wp-json\/wp\/v2\/knowledge-category?post=1281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
The paid premium cannot be deducted in Box 1.<\/p>\n\n\n\n
If the term life insurance is compulsorily linked to a mortgage for owner-occupied housing, the premium is still not deductible \u2014 however, under certain conditions, the payout may be tax-free.<\/p>\n\n\n\n
The premium for annuity insurance is deductible in Box 1 if:<\/p>\n\n\n\n
The policy complies with tax regulations
It is genuinely an annuity product (not a simple savings insurance)<\/p>\n\n\n\n
However, the future payout will be taxable.<\/p>\n\n\n\n
Self-employed individuals (ZZP \/ eenmanszaak)
DGA\u2019s (director-major shareholders)
Employees who have a pension shortfall<\/p>\n\n\n\n
It usually falls under Box 3 (wealth taxation).<\/p>\n\n\n\n
The premium is not deductible, but under certain conditions the payout may be tax-free.<\/p>\n\n\n\n
General life insurance \u2013 Premium deductible? No
Annuity insurance \u2013 Premium deductible? Yes (in case of a pension shortfall)
Old KEW \u2013 Premium not deductible, payout sometimes tax-free<\/p>\n","protected":false},"excerpt":{"rendered":"