🐷 Category 1
Bank Savings & Cash
This is generally the "safe" money. Because the returns on savings are typically low, the government applies a much lower deemed return rate compared to investments.
What falls under this category?
- Savings Accounts: Regular savings accounts at banks.
- Checking Accounts: The balance on your payment accounts.
- Cash: Physical cash above the small exemption threshold (approx €600).
- Foreign Accounts: Savings in non-Dutch banks.
How is it calculated?
The tax office determines a deemed return rate (fictief rendement) that is meant to reflect the average interest rate on savings for that year.
Recent Rates:
- 2023: 0.92%
- 2024: 1.03% (Provisional)
- 2025: 1.44% (Provisional)
Note: These provisional rates are often updated retroactively to match the actual average interest rates of the year.