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Income tax (Tables)
12 Months Ended
Dec. 31, 2022
Statement [LineItems]  
Components of Income Tax for Period (Income) / Charge
 
     
Note
      
            2022
                   2021 
1)
                   2020 
1)
 
         
Current tax
                                         
Current year
                (6        (18        (23
         
Adjustments to prior years
  
 
 
 
       (3        (6        (24
               
 
(9
    
 
(24
    
 
(47
Deferred tax
  
 
40
 
                                
         
Origination / (reversal) of temporary differences
                (540        163          (309
         
Changes in tax rates / bases
                (2        (39        (11
         
Changes in deferred tax assets as a result of recognition / write off of previously not recognized / recognized tax losses, tax credits and deductible temporary differences
                8          (5        12  
         
Non-recognition
of deferred tax assets
                9          9          7  
         
Adjustments to prior years
  
 
 
 
       16          (9        11  
 
  
 
 
 
    
 
(509
    
 
119
 
    
 
(289
Income tax for the period (income) / charge
  
 
 
 
    
 
(518
    
 
95
 
    
 
(336
 
1
 
Amounts for 2021 and 2020 have been
re-presented
to reflect the classification of Aegon the Netherlands as held for sale and discontinued operations, refer to note 51 Discontinued operations.
Summary of Reconciliation Between Standard and Effective Income Tax
 
Reconciliation between standard and effective income tax:
  
            2022
                   2021 
1)
                   2020 
1)
 
Result before tax from continuing operations
     (1,543        1,164          (958
       
Income tax calculated using weighted average applicable statutory tax rates
     (329        231          (218
       
Difference due to the effects of:
                              
       
Non-taxable
income
     (116        (57        (54
       
Non-tax
deductible expenses
     12          21          21  
       
Changes in tax rate/base
     (2        (39        (11
       
Different tax rates on overseas earnings
     3          -          -  
       
Tax credits
     (43        (48        (57
       
Other taxes
     (46        38          (2
       
Adjustments to prior years
     12          (15        (12
       
Change in uncertain tax positions
     (0        (16        -  
       
Changes in deferred tax assets as a result of recognition / write off of previously not recognized / recognized tax losses, tax credits and deductible temporary differences
     8          (5        12  
       
Non-recognition
of deferred tax assets
     9          9          7  
       
Tax effect of (profit) / losses from joint ventures and associates
     (19        (18        (17
       
Other
     (8        (5        (4
 
  
 
(189
    
 
(136
    
 
(118
Income tax for the period (result) / charge
  
 
(518
    
 
95
 
    
 
(336
 
1
 
Amounts for 2021 and 2020 have been
re-presented
to reflect the classification of Aegon the Netherlands as held for sale and discontinued operations, refer to note 51 Discontinued operations.
Summary of Income Tax Related to Components of Other Comprehensive Income and Retained Earning
The following tables present income tax related to components of other comprehensive income and retained earnings.
 
               
            2022
                 2021 
1)
                 2020 
1)
 
Items that will not be reclassified to profit and loss:
                                     
Changes in revaluation reserve real estate held for own use
                -        1        (2
         
Remeasurements of defined benefit plans
  
 
 
 
       (5      (78      14  
               
 
(5
  
 
(77
  
 
12
 
         
Items that may be reclassified subsequently to profit and loss:
                                     
         
(Gains) / losses on revaluation of
available-for-sale
investments
                2,802        269        (635
         
(Gains) / losses transferred to the income statement on disposal and impairment of
available-for-sale
investments
                (121      71        (1
         
Changes in cash flow hedging reserve
                42        47        54  
         
Movement in foreign currency translation and net foreign investment hedging reserve
  
 
 
 
       (12      3        (7
 
  
 
 
 
    
 
2,710
 
  
 
390
 
  
 
(589
Total income tax related to components of other comprehensive income
  
 
 
 
    
 
2,706
 
  
 
313
 
  
 
(577
1
Amounts for 2021 and 2020 have been
re-presented
to reflect the classification of Aegon the Netherlands as held for sale and discontinued operations, refer to note 51 Discontinued operations.
 
 
               
2022
     2021      2020  
Income tax related to equity instruments and other
                             
         
Income tax related to equity instruments
  
 
31
 
       2        13        18  
         
Other
  
 
 
 
       1        3        1  
Total income tax recognized directly in retained earnings
  
 
 
 
    
 
3
 
  
 
16
 
  
 
19
 
Aegon N.V [member]  
Statement [LineItems]  
Components of Income Tax for Period (Income) / Charge
 
     
                2022
                        2021  
     
Current Tax
                
     
Current Tax
     47         54    
     
Income tax for the period (result) / charge
  
 
47
 
 
 
54
 
     
Reconciliation between standard and effective tax
                
     
Result before tax
     (204     (193
     
Tax on result at Dutch corporate result tax rate
     53       48  
     
Differences due to the effect of:
                
     
Tax rate changes
     -       4  
     
Change in uncertain tax positions
     -       8  
     
Non deductible expenses
     (7     (7
     
Total
  
 
47
 
 
 
54