the abolition of the elderly allowance on the tax-free allowance<\/a>. The Tax Administration now points out in a news release on its website that this measure will take effect from 1 January 2016. The elderly affected should reckon with a higher amount of income tax to be paid (or a lower amount to be received back), but possibly also with a lower rent allowance, care allowance and other income and\/or asset-dependent schemes.<\/p>\nThe tax-free capital is deducted from the basis of income from savings and investments (box 3). The allowance applies until 2016 to taxpayers who:
\n- reached the state pension age on 31 December of the tax year, and
\n- has an income from work and home not exceeding \u20ac 20,075 and
\n- The basis of taxation in box 3 is a maximum of \u20ac282,226 (for tax partners: \u20ac564,451).<\/p>\n
The elderly supplement is \u20ac28,236 (if both tax partners meet the conditions: \u20ac56,472). If income from work and home (box 1) exceeds \u20ac14,431, the allowance is reduced to \u20ac14,118.
\nThe tax in box 3 is 1.2% of the assets to be taxed in that box (savings, investments, etc.). Elderly people who were together entitled to the maximum elderly allowance will therefore pay an additional annual income tax from 2016: 1.2% * \u20ac56,472 = \u20ac678.<\/p>\n
1 January 2016 is the first cut-off date for the elderly allowance. Elderly people who want to avoid losing their entitlement to rent and\/or care allowance (and other income and\/or asset-dependent schemes) must take measures before 1 January 2016 that reduce their assets in Box 3 below the levy-free assets. The levy-free assets for 2015 (2016 is not yet known): \u20ac21,330 (for tax partners: \u20ac42,660). Measures that can be taken include donating assets away (think gift tax) or investing in assets that do not count towards box 3.<\/p>","protected":false},"excerpt":{"rendered":"
We schreven er eind vorig jaar al over in het kader van de maatregelen in het belastingplan 2015: de afschaffing van de ouderentoeslag op het heffingvrij vermogen. De Belastingdienst wijst er nu in een nieuwsbericht op haar website op dat deze maatregel per 1 januari 2016 van kracht wordt. De ouderen die het betreft moeten […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-212","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/comments?post=212"}],"version-history":[{"count":1,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/212\/revisions"}],"predecessor-version":[{"id":2225,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/posts\/212\/revisions\/2225"}],"wp:attachment":[{"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/media?parent=212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/categories?post=212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vwg.nl\/en\/wp-json\/wp\/v2\/tags?post=212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"20150708_levy-free_assets_parent](\"https:\/\/vwg.nl\/wp-content\/uploads\/20150708_heffingvrij_vermogen_oudertoeslag_VWGNijhof-1024x384.jpg\")
<\/p>\n