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. We also check the case where a co-owner or heir lives abroad.
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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?
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 has 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 is a Dutch private limited company. With shares in a BV, the policy can belong to the company or to 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 sketch what each route changes for you.
You get the scope in writing before any work starts. Nothing moves until you say so.
Kim, at our associated company, lines up the application, the policy and your agreement. Then Kim arranges the cover with you.
“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.
Quick question about your agreement or your cover?
Call +31 20 2170120 and ask for key person insurance.
Your advisor starts with a first conversation about what fits your situation.
For one specific question
For co-owners with an agreement in place
For owners setting the cover up now
You decide what happens after the first conversation.
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 and arrange the insurance. 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.
Reviews
Quick, very clear and thorough report that answered all my questions about my Dutch tax situation. Highly recommended!
Professional and on time services !! Thank you Nienke. Certainly I will continue filling my tax return with TaxSavers
Exceptional service! i’ve used other tax agencies and this one is by far the most efficient, speedy and friendly! Can’t recommend them enough
These come up in almost every first call about funding a buy-out. Ask Kim
Book a free call. We read what you have, outline the two routes and talk through what fits you.
You decide after that. You’re not committing to anything.
What's included
Cover advice and tax advice, matched to each other
Your agreement read alongside the policy
Help in English or Dutch
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