The age relief amount is granted to you if you exceeded the age of 64 in the previous year
The amount of the old-age allowance is calculated as a percentage of your salary and the positive sum 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 that is taxed in full is also not taken into account. The calculated age relief amount reduces the total of your income.
The old-age relief amount will be gradually reduced until 2040. In 2005, for the first time, taxpayers born on or before 1 January 1941 received an old-age relief amount of 40% for old-age income, up to a maximum of €1,900. From 2006 until 2019, the age relief amount will be gradually reduced by 1.6 percentage points for each new birth cohort. From 2020, the age relief amount will only be reduced by 0.8 percentage point, for example for
- 2020 16.0%, maximum €760 and
- 2021 15.2%, maximum €722.
Each birth cohort retains its "personal" age relief amount for future assessment periods.