I still own a pension fund in the Netherlands after I left. Will I have to declare this in a tax return?
Article ID: 165 | Last Updated: Mon, Jan 16, 2012 at 11:02 PM
As an expat who has left, who also has a pension fund in the
Netherlands and who can not take it out... i.e. fund (certain amount of euros),
do you have to declare this fund in any tax return?
If the pension is a company
pension fund you will not have to declare the value of the fund in a Dutch tax
return since it falls in Box 1 and not in Box 3. Instead the future pension
payments may be taxable but most tax treaties have granted the right of
taxation of a pension to the country in which you are living at that moment.
But you will need to check this when payments start.
If it concerns an individual pension which you have arranged yourself directly
with the pension provider it depends on what type of product it is. For this
the specific conditions are important. But if you are not living in the
Netherlands anymore you will be treated as a non resident and will only have to
declare certain specific income from the Netherlands. With respect to assets
this will, in general, only concern a property which is located in the
Netherlands or a substantial interest in a company in the Netherlands. A
pension fund is not treated as a taxable asset when you are a non resident. You
will have to look at the tax regulations in your own country to see if the fund
needs to be declared there.
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