Wealth Accumulation Period for Welfare in Amsterdam: How Long Does It Last?

The wealth accumulation period is an important rule in the Participation Act (formerly WWB) that gives Amsterdammers respite with a welfare benefit. Normally, your assets must remain below the asset threshold, such as €7,575 for singles and €15,080 for cohabitants in 2024, but during this period it may be higher. For singles in Amsterdam, an accumulation period of 2 months applies (or 4 weeks upon reapplication), during which savings, possessions or sales proceeds do not immediately count. This helps with repaying debts via the Amsterdam debt assistance or paying maintenance costs in an expensive city like Amsterdam. Article 41 paragraph 2 of the Participation Act regulates this exception. For married persons or cohabitants, the period is longer: 6 months for a first application. Upon exceedance, the municipality of Amsterdam rejects the application or stops the benefit. The Work and Income Department (DWI) checks strictly, so always keep receipts and bank statements of expenditures. Example: the sale of a car counts as income, unless it occurs within the accumulation period and you can prove it was used for necessary expenses. In Amsterdam, where rental prices are high, experts advise contacting your neighbourhood team or DWI in time for personal advice. Unique local tip: in special circumstances such as illness or high energy costs due to the energy transition, apply for an exemption via Amsterdam's special assistance. Document all expenditures carefully to prevent problems. This regulation ensures that you do not have to spend everything before receiving welfare. Check the current rules on amsterdam.nl/participatiewet or call DWI for your specific situation.