The assets you own can determine whether you are entitled to benefits. If you have too much savings or investments, this can lead to a lower benefit or no benefit at all.
What falls under assets?
For the calculation of benefits, the Tax Authorities look at your assets on 1 January of the relevant year. This consists of:
- Money in savings accounts
- Investments and shares
- Digital currencies such as Bitcoin
- Cash that exceeds a normal amount
- The value of an additional home
- Money that others owe you
What is not considered assets?
- The home in which you yourself live
- Pension arrangements
- Annuity payments
- Student loans (these are not deducted)
- A car (provided the value is within reasonable limits)
Asset limits per benefit (2024)
| Type of benefit | Single | With partner |
|---|---|---|
| Healthcare benefit | € 127.582 | € 161.329 |
| Rent benefit | € 33.748 | € 67.496 |
| Childcare benefit | € 127.582 | € 161.329 |
| Child-related budget | € 127.582 | € 161.329 |
Importance of the reference date
Your assets are assessed on 1 January of the benefit year. If you are above the limit on 1 January 2024, you will not receive the benefit for the entire year, even if your assets decrease later in the year.
Frequently asked questions about assets and benefits
Is the overvalue of my own home included?
No, the value of the home in which you live is not included in the asset calculation for benefits.
What if my assets are just above the limit?
In that case, you have no right to the benefit for that year. Consider planning major expenses before 1 January to reduce your assets.
Does a received inheritance have an effect?
Yes, an inheritance is considered assets from the moment of receipt. This can affect your benefits for the following year.
Extra questions and answers
How does the Tax Authorities determine my assets?
Your assets are determined based on your possessions minus certain debts on 1 January. Only specific items such as savings and a second home count. Debts such as a mortgage on your main residence or student debt are not deducted. Keep a close eye on your finances on this date.
Does an expensive car count towards my assets?
In general, a car does not count, unless it has an exceptionally high value. In that case, the Tax Authorities may include part of the value. Consult the current rules or contact the Tax Authorities if in doubt.
What to do if I just exceed the asset threshold?
If you are just above the threshold, you can consider making expenses before 1 January such as repaying loans or investing in your home. This can reduce your assets and preserve your right to benefits. Be aware of any tax consequences.
What if I received an inheritance in 2023?
An inheritance counts as assets from the moment you receive it. If this happened in 2023, it will be included in the calculation on 1 January 2024, which may affect your benefits for that year.
Does it help to divide my assets over multiple accounts?
No, the Tax Authorities add up all your assets, regardless of where they are held or in whose name. Ensure you declare everything correctly to avoid problems.
What are the consequences of not declaring assets?
If you do not or incorrectly declare your assets, you risk having benefits reclaimed and receiving a fine. The Tax Authorities check strictly, so be honest in your declaration.
Are the asset limits often changed?
Yes, the limits are adjusted every year, usually per 1 January, based on inflation and economic developments. Check the Tax Authorities' website annually for the most recent limits.
Summary: Your assets on 1 January are decisive for your entitlement to benefits such as rent or healthcare benefit. If you exceed the limit, your right lapses for the entire year. Possessions such as your own home or pension do not count.
For legal questions or help in Westland, you can contact Juridisch Loket Westland. For disputes, you can go to the District Court of The Hague.