Calculate your pension and the annual margin in 2013 and 2014 and the tax exemption for interest deductibility your body. Your body interest deduction in 2015 is based on your room 2014. The room reservation is verlaags in 2014 from 17% to 14.5%. Take a look at the steps in the calculation of your tax return in 2013 or 2014. If a pension now provides simply for a supplementary pension. For example, through a good single premium policy or annuity. This could have built a fiscally smart way if you so far proven insufficient pension. Brand New Day makes a lot of publicity for a good and cheap insurance policy.
You have to tax a pension if you build up less pension than you could do according to tax law. A pension may simply occur because you changed employers and so have accumulated a pension gap. In this case, you would do well to take out extra insurance or to save for extra income for the future. So you can opt for an additional annuity, which starts as soon as you retire. You pay for the construction of additional pension or premiums, depending on the chosen policy, with an augmented ability to cash out. A few years back you could simply deduct the premiums from taxation, but that is now no longer the case. It is through tax sharp monitored how much pension you have already built up and how big your annual margin is to be able to deduct the annuity premium tax. Since 2008, you may also payments into an annuity savings account tax deductible. This is bank savings into a blocked savings account for your retirement or survivors. That means that your payments into an annuity savings account tax be treated the same as premiums for annuity insurance.
Please ensure when the tax return, however, that you, as the year is sufficient space, the premiums paid until April 1, 2011 are entitled to deduct in 2010. From 2011 tax return this anymore and can at best can the premiums paid in 2011, which have not yet been deducted shall be deducted from your income. You can find this entry in the income support on your tax form.
Every year you have to calculate the annual margin again to see how much you can deduct the tax. If you have the space year 2005 to 2011 have not been used at all, you can use that space as booking space in 2012. So you can herein move back up to seven years. Your total area is equal to the annual margin plus the booking room, making the space increases to a considerable tax rebate. The calculation of the annual margin goes for income tax return in 2010 in the following steps:
1. Calculation of pensionable salary, annual margin in 2013
For the calculation of the annual margin in 2013 you should pack your income details and pension growth in 2012 over it. Tel as a first step, the following revenues for so far apply to you:
Business profits before deduction entrepreneurs in 2012. Entrepreneurs take the net increase in the pension reserve in 2012.
Wage and sickness benefits in 2012.
AOW, pension, annuity, assistance and other benefits in 2012.
Wages and the like from abroad in 2012.
Pension and benefits from abroad in 2012.
Income from other work in 2012.
Revenues from the provision of assets available in 2012.
Periodic benefits in 2012.
2. Reduce the cost and revenue franchise AOW
Of your pensionable salary pull off now:
Your deduction traveling by public transport in 2012.
For entrepreneurs also the reduction of accrued pension reserve in 2012.
3. calculate premium calculation
The contribution base is now equal to the income minus expenses and must not exceed 158 788 euro. Is the amount you higher, you need to calculate replaced by 158 788 euro. Now multiply this by 0.17 to determine the maximum achievable deduction.
4. Pension Growth in 2012
Then you look at what your actual pension accumulation in 2012. Do you have accrued pension with an employer, then you take the amount from the pension statement of the pension fund associated with the pension accrual. We call this factor A. Multiply this by 7.5. An entrepreneur also involves the voluntary pension contributions paid from an employee savings scheme in 2012 and the net increase in the pension reserve in 2012.
5. Space Year in 2010, 2011, 2012, 2013, 2014
The annual margin for 2010 is equal to the maximum feasible reduction as calculated under three, minus the pension accrual. This also count the booking room from previous years. Together they form the amount you can deduct contributions up in 2010, if paid before April 1, 2011. For 2011, 2012, 2013 or 2014, follow the same steps:
For those who have reached the age of 55 on January 1 of the tax year, the maximum amount of the reserve margin is increased, figures 55+:
?? 13 802 in 2014;
?? 13 802 in 2013;
?? 13 802 in 2012;
?? 13 571 in 2011.
The reservation area in 2014 is the sum from 2007 to 2013. The percentage of the contribution basis for the calculation of the annual margin was reduced as of 2014 from 17% to 15.5%. The 7.5 factor has been reduced to 7.2. This is of the formula:
Annual margin = ?? ?? F
A = pension accumulation;
F = fiscal retirement reserve.
Booking Space 2015:
On 1-1-2015 younger than 55 years and 3 months: up ?? 7052.
On 1-1-2015 older than 55 years and 3 months: up ?? 13 927.
Tax-deductible premiums for annuity, bank savings and retirement can lower your income properly, and thus a large tax deduction on your tax return income generating tax. Take advantage of this, because it is made more difficult each year to pay less tax. Leverage your tax return as income tax in 2014 in your favor.