Conditions for Applying for AOW Voluntary Insurance in Amsterdam

In Amsterdam, as a vibrant expat and migrant hub in the Netherlands, the conditions for AOW voluntary insurance are strict to qualify. You must be at least 18 years old and not yet have reached AOW age. Applications can be made up to a maximum of 15 years before your AOW age, without overlap with previous compulsory insurance periods. For Amsterdammers who have recently moved, such as many internationals in neighbourhoods like De Pijp or Oost, the insurance only fills in missing periods before your stay in the Netherlands, provided you have lived in Amsterdam or elsewhere in the Netherlands for longer than six months. The premium depends on your income and is recalculated annually based on the minimum wage, with extra attention to the high cost of living in the city. Retroactive applications go back a maximum of three years. According to Article 10, paragraph 2 of the AOW, the application must be submitted in writing to the SVB, with supporting documents such as passport, residence permit and possibly an extract from the Amsterdam Basic Register of Persons (BRP). Local SVB advisors in Amsterdam Centrum are ready to provide assistance. Rejection follows if there is insufficient financial capacity or if the period has lapsed. Consider a financial advisor in Amsterdam, such as via the Expat Center, to calculate whether this investment is worthwhile, given that the benefit only becomes profitable after years amid urban expenses. (248 words)