Benefit for older discontinued entrepreneurs

The income provision for elderly and partially disabled self-employed persons (IOAZ) is a benefit for elderly and partially disabled self-employed persons who have to stop their business because their income is too low. Apply for the IOAZ at municipality. You do this before you stop your business.

Call 045 -5605040 

Approach

Make your application no more than 1.5 years before you stop your business. You will receive the benefit from the date you stop.

This is how you apply for the IOAZ benefit:

  • Contact the municipality.
  • You will need:
    • your valid ID
    • proof of your living situation
    • bank statements from the past period
    • your accounts for the last 3 years

Description

An IOAZ benefit is for older self-employed people who have stopped running their business. If your income is too low after you quit, the benefit supplements your income.

The amount of your IOAZ benefit depends on:

  • your income
  • your partner's income
  • your equity
  • the pension you have accrued through an occupational pension

If you live with more people in the house, your benefit will be lower. This is because you can then share living expenses. This does not apply to children under 27 living at home, students and tenants.

Terms

The conditions for the IOAZ benefit are:

  • You are 55 or older, but have not yet reached the state pension age.
  • You stop your business no later than 1.5 years after applying for IOAZ benefits.
  • Your business met the Inland Revenue's hour criterion each year .
  • Your company's profit for the last 3 years was less than €28,957 gross per year. 
  • You expect your income to fall below €33,212 gross per year in the future.
  • You worked:
    • At least 10 years of self-employment in the Netherlands, or
    • the last 3 years self-employed and before that 7 years employed in the Netherlands.

(Amounts 2024)

Objection and appeal

You can object to the decision on your application. Do this within 6 weeks. Do you then disagree with the decision on the objection? Then file an appeal with the court.

Learn more

Information about the IOAZ benefit

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