Do you ever consider working past your retirement date? What would be the tax implications? And what happens if you retire before your Dutch state pension (AOW) starts paying out? We’ll give a brief explanation in this article.

If your ambition is to continue working past your retirement date, make sure you're well-informed of all relevant regulations well ahead of time. That will enable you to focus on what’s really important to you and avoid unpleasant surprises.

Working alongside your AOW
You are allowed to work and at the same time receive your Dutch state pension (AOW). Are you subject to AOW partner surcharge? Check with the Dutch tax authorities (Belastingdienst) whether any of your income is included. This could include a company car or unemployment benefits of your partner for instance.

Combining your job with early retirement
Are you planning to retire early? As early as five years before your AOW retirement age, you are allowed to have a paid job alongside your company pension benefits.

Example: if your AOW retirement age is 67 years and three months, you will be allowed to combine your job with pension benefits from the day you turn 62 years and 3 months. Would you like to retire earlier than that? NN CDC Pensioenfonds allows early retirement from the age of 60. You would need to sign a statement to the effect that you do not intend to continue working at that time. This statement is needed for tax purposes. We advise you to contact the Dutch tax authorities (Belastingdienst) for more information.