AOW pension

Your holiday allowance

Your AOW holiday allowance is paid annually in May. If you want to find out the net amount you can expect to receive, log on to MySVB using your DigiD code to see the payment overview.

For what period will you receive holiday allowance?

Every month, you accrue holiday allowance on top of your AOW pension. The annual holiday allowance payment covers the period from May to April. If your pension started after May of the preceding year, you will have built up holiday allowance from the start date of your AOW pension until the end of April.

The monthly amounts of AOW pension and holiday allowance are shown on the 'AOW rates' page.

How is the holiday allowance calculated?

The amount of the AOW pension is linked to the statutory minimum wage. The AOW holiday allowance is linked to the holiday allowance that is part of the minimum wage.

It is not simply 8% of the AOW pension (the usual percentage for holiday pay on top of wages).

What is deducted from the holiday allowance?

The following may be deducted from your holiday allowance:

  • tax and national insurance contributions, according to the tax rate for special remuneration. This means that we do not take any tax credit into account (a tax credit is a reduction to the amount of tax and national insurance contributions you have to pay).
  • Zvw health insurance contribution