Contact

Tax-free continuation

‘Tax-neutral’ means ‘without settling taxes’.
Capital built up in a Capital Insurance Own Home (KEW), a Savings Account Own Home (SEW) or an Investment Right Own Home (BEW) can be transferred tax-free into a new mortgage. You can take out the new mortgage with the same bank, but this is not required. You are also allowed to take it out with a different bank.
One advantage of continuing to discharge the mortgage fiscally silently is that you can continue your repayment product and thus build up capital in a tax-efficient way to repay your mortgage. The value remains exempt from tax in Box 3, while you still receive mortgage interest relief on the full loan amount. Compared to choosing an annuity mortgage, this can be a very advantageous choice.
In order to continue fiscally seamlessly, the following requirements must be met:
  • The end date cannot be later than the original end date.;
  • The target capital (= final capital) must not exceed the original target capital for the KEW (savings variant) and the SEW. For a BEW or KEW (investment variant), you may not contribute more than the current premium/contribution.
You can, however, shorten the original end date in some cases.