| It has changed in NL. It used to be 1.2% (it used to be 30% of 4%, I believe, but it was a bit before my time) on the value of all your assets (so what you said), but now they have a progressive system because the assumption that you make 4% on your investments has changed, the 30% stayed the same. Their assumption changed to: if you have less money you have relatively more money on the bank. The actual calculation is a mix from all the brackets. E.g. if you have 1 million euro, then 71.650 is taxed at 0.58%, the bulk at 1.33% and a bit at 1.68%. The progression goes as follows (I'm too into this apparently, forgive me): ----- BRACKET 1 ----- Until € 71.650 You save: 67% @ ROI of 0.13% You invest: 33% @ ROI of 5.6% Average ROI: 1.935% Taxed: 1.935 * .3 = 0.5805% ----- BRACKET 2 ----- from € 71.651 until € 989.736 You save: 21% @ ROI of 0.13% You invest: 79% @ ROI of 5.6% Average ROI: 4.451% Taxed: 4.451 * .3 = 1.3353% ----- BRACKET 3 ----- From € 989.737 to infinity and beyond You save: 0% @ ROI of 0.13% You invest: 100% @ ROI of 5.6% Average ROI: 1.935% Taxed: 5.6 * .3 = 1.68% Source (Google Translate works relatively well): https://www.belastingdienst.nl/wps/wcm/connect/bldcontentnl/... |