Social Assistance Asset Limit Amsterdam 2024: What May You Own?
The social assistance asset limit in Amsterdam determines the maximum assets you may have for a social assistance benefit. Exceeding this limit may cause your entitlement to social assistance to lapse. These rules are set out in the Social Support and Income Act (Wet werk en bijstand (WWB)) and are updated annually. In 2024, specific limits apply in Amsterdam, managed by the Municipality of Amsterdam. Consult the municipality's website or the Juridisch Loket Amsterdam at Vijzelstraat 77 for personal advice.
What is the social assistance asset limit in Amsterdam?
The maximum assets for social assistance include savings, bank balances, and valuable possessions such as a second home or car. The social assistance benefit is for Amsterdam residents with low income and limited assets. Excessive assets lead to reduction or termination by the municipality.
Legal basis in Amsterdam
The rules are based on:
- WWB Article 41: Asset test for social assistance.
- Social Assistance Decree 2024: Current limits for Amsterdam.
- Participation Act: Replaces WWB and applies locally.
Asset limits Amsterdam 2024
Adjusted for inflation:
| Category | Limit (2024) | Remarks |
|---|---|---|
| Single person | € 7,575 | Savings, accounts. |
| Household (1 adult + child) | € 15,540 | Per household. |
| Household (2 adults) | € 15,540 | Plus per child. |
| Owner-occupied home | Exempt up to debt-free | WOZ value minus mortgage; surplus above € 61,200 counts. |
| Car/motorcycle | € 12,285 (day value) | Surplus counts. |
| Funeral reserve | € 7,575 | Single person. |
Source: Municipality of Amsterdam, 2024. Verify current amounts.
What counts as assets?
- Liquid assets: Accounts, savings accounts, crypto.
- Investments: Shares, bonds.
- Additional possessions: Second car (above exemption), art, jewelry, vacation home.
- Deduction of debts: Mortgage, student debt reduce assets.
What does not count?
- Household effects for daily use.
- Owner-occupied home (within limits).
- Primary vehicle (up to exemption).
- Funeral insurance.
- Student finance, benefits.
Amsterdam-specific: Application and verification
Apply at Work and Income Amsterdam. They verify via bank statements and land registry. In case of excess: 6-month tapering reduction. Assistance via Juridisch Loket Amsterdam, Vijzelstraat 77 (020-5338430).
Tips for Amsterdam residents
- Keep proof of expenditures.
- Declare all accounts.
- Consider converting assets into exempt items.
- Check amsterdam.nl/werk-inkomen.