The IOAZ (Income Provision for Older and Partially Disabled Self-Employed Persons) provides financial support to older entrepreneurs in Westland who have had to stop their business. Your assets are not taken into account in this regard.
What does the IOAZ entail?
The IOAZ supports self-employed persons in Westland who meet the following criteria:
- Being at least 55 years old (or partially disabled for work)
- Having ceased their enterprise or planning to do so
- Having worked as a self-employed person for at least 10 years (or 3 of the past 5 years)
- Having an income below the social minimum
Conditions for IOAZ in Westland
| Criterion | Explanation |
|---|---|
| Age requirement | From 55 years old (or partially disabled for work) |
| Work history | Worked at least 1,225 hours per year as a self-employed person |
| Period as entrepreneur | 10 years or 3 of the last 5 years active as a self-employed person |
| Cessation of business | Business (almost) stopped due to too low income |
| Income threshold | Expected income below the social minimum |
Why choose IOAZ over social assistance?
- No assets check: Savings and home are not taken into account
- Business proceeds: Proceeds from business transfer do not need to be spent
- Pension protection: Separated pension assets remain out of consideration
Amount of the IOAZ benefit
In Westland, the IOAZ supplements your income to the social assistance norm:
- Single: € 1,281 net per month (2024)
- Cohabiting/married: € 1,830 net per month together
How to apply for IOAZ in Westland?
The application for IOAZ is submitted to the Municipality of Westland, ideally before the cessation of your business. Required documents are:
- Financial statements for the past 3 years
- Proof or plan of business cessation
- Chamber of Commerce registration (extract)
Frequently Asked Questions about IOAZ in Westland
Is it possible to apply for IOAZ while my business is still active?
Yes, you can apply for the benefit up to 18 months before the planned cessation. This is recommended for a seamless transition.
Is the proceeds from my business sale taken into account?
No, under IOAZ your assets play no role. You do not need to spend the sales proceeds first.
Am I required to apply for jobs with an IOAZ benefit?
Yes, even with IOAZ you must actively seek work and cooperate in reintegration programmes.
Additional Frequently Asked Questions
How long does processing an IOAZ application in Westland take?
The processing time varies, but is usually between 8 and 12 weeks. Submit all documents completely to avoid delays. Apply in time via the Municipality of Westland for an accurate estimate.
What if my income turns out higher after IOAZ is granted?
If income exceeds the social assistance norm, the benefit will be adjusted or terminated. Report changes in income immediately to the municipality to prevent recovery.
Can I receive IOAZ if I work in paid employment alongside my business?
Yes, provided your total income is below the social minimum. The Municipality of Westland will assess your situation and business cessation.
What if I do not fully stop my business, but work fewer hours?
IOAZ is aimed at full (or almost full) cessation. With partial continuation, your application may be rejected. Consult the Municipality of Westland about alternatives such as BBZ.
What about the job application obligation with IOAZ?
You must actively seek work, register with UWV and accept jobs. The municipality can check this, and refusal may lead to termination of the benefit.
Is my partner's income taken into account for IOAZ?
No, only your income and assets are assessed. Partner income has no effect on your entitlement to IOAZ.