One of the proposed measures in the Tax Plan 2014 relates to annuity entitlements. If the annuity entitlement is paid at once in 2014 only 80% of the distribution will be taxed.

However, according to a recent amendment, this only applies if the severance payment is credited to the bank account of the executor of the annuity entitlement no later than 14 November 2013.

The “80%-facility” only applies to a final settlement of the annuity entitlement in 2014, not to later settlements.