Savings and Tax

Savings and tax
Savings and taxation is a difficult matter for many individuals, while there are so many opportunities. It goes without saying that you do not file an incorrect tax return, apply prohibited tax constructions or keep a sloppy administration. When you delve into tax matters, or receive expert tax advice on tax regulations and laws, there are important benefits to be gained and you are protected against sanctions, fines, legal proceedings and the like.

Private individuals sometimes need specialist knowledge, for example for calculating taxes, clarity in the tax consequences of pension, inheritance or divorce, making real estate financially transparent, and the like. AGA Fiscalisten has the expertise and experience to fully clarify complex financial issues. Our reliable expert tax specialists, who all have years of experience, see every opportunity. All our tax specialists have years of experience and the mr. title.

Savings and income
Before 2001, there was wealth tax. Now savings are almost always placed into box 3 of the income tax. Sometimes it can also be placed into box 1 of the income tax. That is with certain exceptions.

Savings and wealth
In order to determine the load on the capital, it must first be clear what wealth is and what value the capital has. In fact, wealth is the value of all your assets minus any debts you may have. The reference date used by the tax authorities is: 1 January of each year. So you look at what the value of all your possessions is on January 1st. If necessary, you can then add the value of the assets of your tax partner and / or minor children. If you or your tax partner (and/or minor children) also have debts, you may deduct them. However, the threshold (€ 3200, -) that must first be deducted from the debt amount must be taken into account.

Fictitious return on savings
The return you get in reality is not important. The tax authorities themselves have determined a fictitious return. For 2017, this fictitious return was 4%. Today, there are several categories.

Capital return tax
Capital return tax is called the tax paid on capital. If the notional capital has been calculated, the levy is 31% of this calculated amount.

Tax-free capital.
Now you have established your assets for the tax authorities. However, there is always a part of your assets that remains untaxed. This is called the tax-free capital. The tax-free capital in the Netherlands is set at € 57,000 in 2022. If you have a tax partner in the year 2023, the amount that is tax-free will be doubled and amounts to € 114,000.

Basis for saving and investing.
When it has been determined what the capital is, and the part that is tax-free has been deducted; you end up with the basis of savings and investments. This is the part of your assets on which tax is levied. The tax authorities calculate the benefit obtained on this basis.

There is another possibility of lowering this basis further. This is possible if your income that is taxed in box 1 is lower than the personal deduction. Then the benefit is reduced by the remaining personal deduction. The personal deduction is expenses that you can deduct from income tax. Examples of this are, for example, specific healthcare costs or partner maintenance.

Questions from private individuals about saving
The following questions that we regularly receive from private individuals:

• What is determined as assets?
• What about the green declaration and the yield tax?
• What can you get extra wealth tax exemption for?
• How do I distribute the deductions?
• How does saving in the BV work?

Our tax specialists are asked many other financial questions and issues than the above. You can also submit all these questions to us. We provide clarity and solve your tax issue or question.

Why advice on saving or redemptions AGA Fiscalisten?
AGA Fiscalisten stands for high-quality expert tax advice. All our tax specialists are senior tax specialists, have years of tax experience, and have graduated from the university in tax law and hold the title "mr.".

A (senior) tax specialist specializes in tax law while a tax advisor has only completed tax courses. A tax advisor has much less knowledge than a tax specialist and often makes mistakes with potentially significant financial consequences. It is wise not to settle for a non-qualified tax advisor, but to engage an expert senior tax specialist. This way you avoid problems, fines or procedures and you do not miss out on tax benefits due to advice that is not sufficiently expert.

High quality tax specialist; Master title mr. and years of experience
All our tax specialists have years of tax experience and the "mr." title. The most recent developments and changes concern taxation and all relevant legislation is studied and discussed by our tax specialists. This gives us the opportunity to clarify all the problems and issues about taxation. We achieve the best possible result for our customers. Tax advice, tax returns, financial advice, legal advice or discussion partner, AGA Fiscalisten will arrange it for you!

Contact AGA Fiscalisten
The tax specialists of AGA Fiscalisten can do a lot for you, from an answer or advice to your tax questions to guidance throughout the entire process. If you have any questions or issues and would like high-quality tax advice, please contact one of our expert experienced tax specialists for an intake interview free of charge and without obligation.

NEED TAX ADVICE?
Call: 040-8489888 1st free and non-binding intake interview. Available by phone: Monday to Friday between 09.00h and 20.00h) We can also be reached by e-mail: info@agafiscalisten.nl or via the contact form on the right side of our website.

MORE INFORMATION
At the top of this website in the menu bar, you will find more information about tax advice. To do this, click on the menu bar at the top of the website.

AGA Fiscalisten specialisations
AGA Fiscalisten is at your service regarding:

• Financial advice;
• Tax advice;
• Wealth accumulation;
• Liability;
• Income security;
• The total insurance package;
• Pension accrual;
• Legal advice (tax lawyers, employment lawyers, corporate lawyers);
• Taxes: gift tax, inheritance tax, income tax, transfer tax and other taxes;
• Prepare tax returns and review tax assessments and orders;
• Tax law: legal proceedings, legal documents, due diligence assistance, etc.;
• Tax profit calculation, assets, lease car, real estate;
• Legal forms: B.V., VOF, partnership, N.V. limited partnership, association, foundation, holding structure etc;
• Tax inheritance law, death, divorce, advice regarding retirement provisions; and
• And so much more...