Annuity contracts that expired during the holder’s life in 2025 must be settled by 31 December 2026. Payment terms must be fixed, or the entitlement converted into a qualifying annuity. The wider age-linked deadline for expiries from 2026 does not apply. Missing the date can trigger box 1 tax and revisional interest.
Why this matters
The policy is private, but the tax bill can disrupt an owner-manager’s cash plan. A deemed surrender can put its taxable value into box 1 in one year. If all premiums were deducted, the full surrender amount may be taxable. In 2026, revisional interest may apply above €5,513 and is capped at 20%, subject to the rules. An assessment can change dividend, mortgage, or investment plans.
Example
An owner-manager’s private annuity expired in June 2025. The insurer discussed payment options, but the file has no dated confirmation of fixed payments or a qualifying conversion. If this remains unresolved after 31 December 2026, it may be treated as surrendered. Box 1 tax and revisional interest could reduce private cash. The owner may then delay a dividend or company investment. An unfinished email chain does not automatically extend the deadline.
XTROVERSO tips
- Check the contractual expiry date. Find the original policy, amendments, and provider letters. Confirm whether the contract expired during the holder’s life in 2025.
- Get proof of completion. Ask the provider for dated confirmation that payments were fixed or a qualifying conversion was completed. Do not rely on calls or an open email chain.
- Rebuild the premium record. Collect old tax returns, assessments, and payment records. Separate deducted premiums from premiums that were not deducted.
- Calculate the cash effect. Estimate possible box 1 income and revisional interest. Compare the result with dividend, payroll, investment, and private cash plans.
- Check the contract’s tax regime. Older Brede Herwaardering and pre-Brede Herwaardering policies may have special treatment. Review the policy terms and contract history.
- Address delays before the deadline. If special circumstances prevent completion, check whether you can submit a documented extension request to the relevant tax office. Extra time is not automatic.
Have your deadline, possible tax bill, and cash effect reviewed before making year-end decisions
The data, sourcing, and analysis behind this article were conducted by Linda Pavan. AI was not used to identify sources, build the factual basis, or produce the analytical judgment contained here. AI was used only as a drafting aid. The final English text was personally reviewed, edited, and approved by Linda Pavan before publication.
References
- KG:070:2026:5 Overschrijding wettelijke termijn bij expiratie in 2025 | Kennisgroepen Belastingdienst
- Belastingdienst — Lijfrente
- Belastingdienst — Belasting en revisierente bij afkoop van een lijfrente
- Belastingdienst — Waarde van een niet tijdig omgezette of ingegane lijfrente
- Centraal Aanspreekpunt Pensioenen — Verzamelbesluit lijfrenten van 31 maart 2026
- Wettenbank — Wet inkomstenbelasting 2001
- Belastingdienst — Uitgaven voor inkomensvoorzieningen
- Belastingdienst — Waarover betaalt u belasting bij een lijfrente?
