U-rendement is een rendementsmaatstaf die wordt berekend op basis van het gemiddelde effectieve rendement behaald op alle guldens- en euro-obligatieleningen die worden uitgegeven door de Staat der Nederlanden en genoteerd zijn in de Officiële Prijscourant.

How is the U efficiency calculated?

Het U-rendement wordt maandelijks vastgesteld op basis van het effectieve rendement van de guldens- en euro-obligatieleningen die aan specifieke eisen voldoen, zoals vastgesteld door het Centrum voor Verzekeringsstatistiek.

What is the average remaining term for the U return?

De gemiddelde resterende looptijd voor het U-rendement ligt tussen de twee en tien jaar.

What are the benefits of U-yield?

Het U-rendement biedt inzicht in het rendement dat wordt behaald op obligatieleningen uitgegeven door de Staat der Nederlanden, wat nuttig kan zijn voor investeerders en financiële professionals.

Where can I find the U yield?

Het U-rendement wordt maandelijks gepubliceerd door het Centrum voor Verzekeringsstatistiek en is beschikbaar voor het publiek.

What are the historical U yields?

De historische U-rendementen voor de afgelopen jaren zijn beschikbaar en tonen de maandelijkse rendementen van obligatieleningen.

What are the criteria for bond issues to qualify for the U rate?

Obligatieleningen moeten voldoen aan specifieke criteria, zoals toelating tot de definitieve notering van de Officiële Prijscourant en een gemiddelde resterende looptijd tussen de twee en vijftien jaar.

How can U-rendement help with tax issues?

Het U-rendement kan inzicht bieden in rendementsontwikkelingen die relevant zijn voor belastingplanning en -advies.

What are the frequency and timing of publication of the U return?

Het U-rendement wordt maandelijks gepubliceerd en biedt actuele informatie over rendementstrends.

How can I learn more about the U rate and tax issues?

Voor meer informatie over het U-rendement en hoe dit van invloed kan zijn op belastingzaken, kun je binnen één werkdag vrijblijvend contact opnemen met een fiscalist van Habermehl.

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U-efficiency

Professional insurers use the U-yield particularly for pricing immediate annuities, but also as a measure of profit sharing.

More information

Niek Pilgram

tax specialist
+31 (0)35 628 57 53
niek@habermehl.tax

What is U-yield?

Each month, the Centre for Insurance Statistics calculates and publishes the U yields. These return measures are derived from the average effective return achieved on all guilder and euro bonds issued by the State of the Netherlands, which are continuously quoted in the Official Price List. The average remaining term for the U-yield is between two and ten years.

	2025	2024	2023
January	2,42	2,85	2,24
February	2,48	2,59	2,33
March	2,48	2,43	2,43
April	2,60	2,48	2,62
May		2,58	2,43
June		2,66	2,67
July		2,72	2,66
August		2,75	2,72
September		2,68	2,79
October		2,56	2,85
November		2,46	2,95
December		2,46	2,98
average	2,50	2,60	2,64

Source: Association of Insurers: Return measures (insurers.com)

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What requirements does it have to meet?

Definition adjusted as at 1 June 2001; circular SL-L 2001/13

1. The U-yield is determined monthly based on the effective yield of all guilder and euro bonds issued by the State of the Netherlands and
meet each of the following requirements.

The loan has been admitted to the final listing of the Official Price List of Euronext Amsterdam.
The loan is not prepayable.
The average remaining term of the loan is between 2 and 15 years.
The size of the (remaining principal of the) loan is at least 500 million euros until January 1, 2001.
The size of the (remaining principal of the) loan as of Jan. 1, 2001, is at least 225 million euros.

The loans are tested against the size requirement as described under D and E respectively at the end of each calendar year.

2. The U-yield is the average of six partial U-yields. A partial U-yield is determined twice a month, on the 15th and at the end of the month. The determination of a part-U yield is based on the latest known effective yields of each loan, as published in the Official Price List, on the mentioned dates.

A part-U efficiency is equal to the sum of A 10 % of the arithmetic mean of the medians of the effective yields of all loans with average remaining maturities of 2-3 years, 3-4 years and 4-5 years.

B 65 % of the arithmetic mean of the medians of the effective yields of all loans with an average remaining maturity of 5-6 years, 6-7 years, 7-8 years, 8-9 years and 9-10 years, C 25 % of the median of the effective yields of all loans with an average remaining maturity of 10-15 years.

3. Once the partial U return as of the 15th of a month is determined, the U return applicable for the following calendar month is also determined as the average of the six most recently known partial U returns.

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U-efficiency

More information

What is U-yield?

This we promise

Contact within 1 working day without obligation

Answers to all your questions about U-Rating

What requirements does it have to meet?

We help withU-efficiency

This is our working method

Meet

Checklist

Reception

Facts and figures about Habermehl

Over 1,000 individuals and businesses rely on us for tax advice

Customers rate our services with a: 4.7 out of 5 (source: Google)

Quality guaranteed: we are a member of the Dutch Association of Tax Advisers

Continuing education through PAOB, the Postgraduate Education in Tax Science

Customer experiences

Habermehl works together with

What can we help you with?

We help with
U-efficiency

Customers rate our services with a:
4.7 out of 5 (source: Google)