The age relief amount is granted to you if you exceeded the age of 64 in the previous year.
The amount of the age relief 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 settlement 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, for the first time, taxpayers born on or before January 1, 1941, received an old-age relief amount of 40% for old-age income, up to a maximum of €1,900. From 2006 to 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 be reduced by only 0.8 percentage point, for example for
- 2021 15.2%, maximum €722 and
- 2022 14.4%, maximum €684.
Each birth cohort retains its "personal" age relief amount for future assessment periods.