Since 1 January 2010 the law has permitted severance payouts to be held in a special type of bank account – a ‘stamrecht-’ or ‘standing right’ account – without payroll tax being deducted.
Please note that we do not currently offer such an account, but we do expect to start doing so within a few months.
This new type of account is intended to be the banking industry’s alternative to the existing insurance-based options. Both types of product are designed to avoid tax being levied on the severance payment itself. Instead, tax is levied on the payments ultimately made to the individual through the insurance product or special bank account.
The ‘standing right’ account is now a third option – alongside insurance products and the ‘standing right’ company – for postponing the levying of tax.
Please note that existing bank savings products (annuity savings) cannot be used for severance payouts. | 
