The law on self-administered pensions has changed on Aruba. And now?

The law on self-administered pensions has changed. Entrepreneur and major shareholder, do you know what the tax consequences are?

The option of a tax-facilitated self-administered pension has been abolished and with it the concept of a pension foundation or pension BV. As a result, you can no longer include it on your balance sheet as tax-deductible, which means that you will also pay more tax.

From now on, a tax-facilitated pension is only possible if the pension premiums are paid to:

• a pension fund or insurer established in Aruba;
• a pension fund established in the Dutch Kingdom;
• a pension fund established outside the Dutch Kingdom that has been designated by the minister;
• a professional insurer established outside Aruba that has been designated by the minister.

The amendment to the law entails unexpected financial changes for your company and as an entrepreneur you are forced to think of an alternative that is as simple and easy as possible.

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The best solution to still enjoy tax benefits for your pension is to save for your pension with THE pension insurer of Aruba, Guardian Group.

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Contact an experienced Guardian Group pension specialist today for more information about the benefits of a flexible entrepreneurial pension according to your personal situation and needs. We like to help you!

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Phone: 528-3105

E-mail: [email protected]?