The assets you own can determine whether you qualify for benefits in Rijswijk. With too much savings or investments, you risk receiving a lower benefit or no benefit at all.
What is Considered Assets?
For determining benefits, your assets as of 1 January of the relevant year are considered. This consists of:
- Money in savings accounts
- Investments and shares
- Digital currencies such as Bitcoin
- Cash above a standard amount
- The value of a second home
- Amounts owed to you by others
What is Excluded from Assets?
- Your principal residence (the home in which you live)
- Pension arrangements
- Annuity payments
- Student debts (are not deducted)
- A car (up to a certain value)
Asset Limits per Benefit (2024)
| Type of Benefit | Single | With Partner |
|---|---|---|
| Healthcare allowance | € 127.582 | € 161.329 |
| Rent allowance | € 33.748 | € 67.496 |
| Childcare allowance | € 127.582 | € 161.329 |
| Child-related budget | € 127.582 | € 161.329 |
Importance of the Reference Date
The reference date for your assets is 1 January of the benefit year. If you exceed 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 in Rijswijk
Is the overvalue of my home included?
No, the value of your own home in which you live is not included in the calculation of benefits.
What if my assets are just above the limit?
In that case, you have no entitlement to the benefit for that year. Consider planning major expenses before 1 January to reduce your assets.
Does an inherited estate have an effect?
Yes, an inheritance is included as assets from the moment of receipt. This can affect your benefits in the following year.
Extra Tips and Questions
How are my assets calculated?
Your assets are the value of your possessions minus debts as of 1 January. Only specific possessions such as savings and a second home are included. Debts such as a mortgage on your own home or student debt are not deducted.
Does an expensive car count?
In general, a car is not included, unless the value is extremely high. In that case, the Tax Authorities may include a portion. Contact the Tax Authorities if in doubt.
What to do if assets are just above the threshold?
Consider making expenses before 1 January, such as home improvements or gifts. This can reduce your assets, but be aware of tax rules.
Effect of an inheritance in 2023 on 2024?
Yes, an inheritance received in 2023 is included in your assets as of 1 January 2024. This can push you over the threshold, resulting in no benefit.
Does it help to divide assets over accounts?
No, the Tax Authorities add up all your assets in your name, regardless of where they are held. Honest disclosure is crucial.
What if I do not report my assets?
Failing to report or incorrectly reporting assets can lead to recovery of benefits and fines. Transparency prevents problems.
How often do the asset limits change?
The limits are reviewed annually, often as of 1 January, based on inflation and economic developments. Check the current limits annually via the Tax Authorities.
For legal support in Rijswijk, you can contact the Juridisch Loket Rijswijk. Disputes regarding benefits fall under the District Court of The Hague.
### Arslan & Arslan Advocaten **Arslan & Arslan Advocaten** provides professional legal guidance and support for your legal matters. - Website: [www.arslan.nl](https://arslan.nl) - Email: [info@arslan.nl](mailto:info@arslan.nl) - Free initial consultation