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Your agreement already says the survivor buys the shares. Key person insurance in the Netherlands is how that promise gets funded.
We read your agreement and the amount behind it. Our associated company, a separate licensed insurance advice firm, arranges the insurance. We take on the tax that follows.
One conversation
we line up your insurance advice and your tax advice
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Agreement and policy
Three documents decide whether your buy-out clause works: the agreement, the policy and the tax. You may have the agreement. Whether the policy and the tax match it is the open question.
Your shareholders’ or partnership agreement already names who buys the shares when a co-owner dies. In Dutch that clause is the overnamebeding. It rarely says where the money comes from.
Your agreement also sets the share price. Is it a fixed amount, a formula or a valuer’s call at the time?
We read the agreement, the policy and the tax consequence in one sitting. Normally those live with your notary, your insurer and your accountant. They rarely see each other’s documents.
The cover itself is one simple product. It pays a fixed amount if the insured person dies. Personal life cover for a mortgage or your family sits on its own page. Add any business debt held in your name to that share price.
Three starting points, from a two-person partnership to a key employee. Still choosing your legal form? Read about sole trader or BV
A VOF is a general partnership and a maatschap is a professional one. In a partnership there are no shares, only each owner’s stake in the business. You each take out the cover on the other personally. That decides the tax.
See the private routeBV or holdingA BV holds the shares, so the policy can sit in the company or with you privately. Each route changes what the payout costs in tax, so we check both. We explain each route's tax outcome once we see your holding structure.
Discuss the BV routeEmployer and employeeKeyman insurance is what the Dutch market calls this cover. A company can insure an employee whose death would hit its revenue. This cover pays out on death. Income protection pays out on long-term illness.
See income protectionKey person insurance is one of several business covers. Our business insurance page sets them side by side.
Policy set-up
The test is who owes the premium, not who pays it. You agree that liability with the insurer. It then has to show in two places: the signed and dated application form, plus the policy or clause sheet.
With two co-owners the cover is written crossways. The Dutch term is kruislings verzekeren. You are the policyholder on your co-owner’s life and you owe the premium there. Your co-owner does the same on yours.
With three or more owners it is no longer a simple cross. You get a structure designed to fit, not a copied template.
There is one more condition. The tax authority can read two crossing policies as one construction. Their terms and premiums track each other, so it does not weigh them one by one.
Who owes the premium decides the tax, so we check that. We read the application form and the policy next to your agreement. Then we say plainly where the tax risk sits.
Does a co-owner or an heir live outside the Netherlands? Then residence and any treaty decide who taxes the payout. We go through that with you.
Our page on Dutch inheritance tax explains what the payout can cost.
You send the agreement and any policy. We tell you what they say together.
Privately between owners or inside the company. We show what each route changes for you.
You get a written fee before any work starts. Nothing moves until you say so.
From here our associated company takes over: they line up the application, the policy and your agreement, then arrange the cover with you.
Book a free call. We read what you have, show you the two routes and give you a fixed fee.
You decide after that. You’re not committing to anything.
What's included
Cover advice and tax advice, handled by different specialists
Your agreement read alongside the policy
Help in English or Dutch
“Most agreements I read are fine. What is usually missing is the money behind them. Often nobody has looked at it since the day you signed it. So that is where we start.”
Kim van der Manden
Your advisor
You speak with Kim directly. Kim works for A&H Finance, our associated company. Kim stays your point of contact throughout.
The fee for this advice is in your quote, not on this page.
For one specific question
For co-owners with an agreement in place
For owners setting the cover up now
Advice on this cover is fee-based, agreed in writing before any work starts. No commission is paid on this cover (provisieverbod, Bgfo article 86c). TaxSavers charges nothing for the cover and receives no fee or commission for it.
The premium itself is set by the insurer. You get advice on the construction and a check on the paperwork behind it.
Insurance advice is provided by our associated company A&H Finance. They advise you, arrange the insurance and invoice you. Your agreement for this advice is with them and they are responsible for the service. TaxSavers introduces you and is not a party to that agreement. Do you have a complaint about the advice? Raise it with them first. If you do not reach a solution together, you can take it to Kifid. They are registered there and have accepted binding advice, so a Kifid ruling binds them.
These come up in almost every first call about funding a buy-out. Ask Kim
Reviews
I was very happy with the service provided. They were efficient available and very helpful!
Being new to The Netherlands, filing my personal tax return was a little daunting. Jessy at taxsavers was an excellent guide and incredibly helpful.
We have worked with TaxSavers for some time now - every interaction is a pleasure. The team is super responsive, and their work is quick, accurate and comprehensive.
