You are granted the age relief amount if you have exceeded the age of 64 in the previous year.
The amount of the old-age relief is calculated as a percentage of your salary and the positive total of your other income. Your income from pensions or annuities is not included in the calculation of the old-age relief amount. Income from capital assets subject to final taxation is also not taken into account. The calculated old-age relief amount reduces the total of your income.
The old-age relief amount will be gradually reduced until 2040. In 2005, taxpayers born on January 1, 1941 or earlier received an old-age relief amount of 40% for old-age income for the first time, up to a maximum of €1,900. From 2006 until 2019, the old-age relief amount will be gradually reduced by 1.6 percentage points for each new birth cohort. From 2020, the old-age relief amount will only be reduced by 0.8 percentage points, for example for
- 2022 14.4%, maximum € 684 and
- 13.6% in 2023, up to a maximum of € 646.
Each birth cohort retains its "personal" age relief amount for future assessment periods.