For example, the statutory contribution for the Zorgverzekeringswet (Zvw, Healthcare Insurance Act) has increased with effect from January 1, 2019. This rose from 5.65% to 5.70%. PDN is legally obliged to withhold this amount on annual incomes no higher than €55,927 (in 2018 the annual maximum income threshold was €54,614).
New tax tables also apply with effect from 2019. The tax rate for the lowest tax bracket has increased. On the other hand, the second and third-bracket income tax rates have been reduced. You can find more information on this topic on the Belastingdienst (Dutch Tax and Customs Administration) website (www.Belastingdienst.nl).
Receiving a pension while living abroad?
The calculation of wage tax has changed with effect from January 1, 2019. If you do not live in the Netherlands, tax credits will be taken into account over a smaller amount. Tax credits are credits against your wage tax and income tax. As a result of the reduced tax credits, you will pay more in wage tax. This means that PDN will pay out a reduced pension benefit. The wage income tax table that you fall within depends on the country in which you live. You do not need to take any action yourself. This will be processed automatically. For more information, please visit www.belastingdienst.nl/international.
You can see what these changes mean for you on your payment statement All PDN pensioners will also receive information about this by mail or in their digital mailbox.