The Netherlands has dozens of new rules, regulations, and laws coming into force on January 1, 2020. Of over four dozen major tax changes rolling out in January, we are putting the spotlight on ten changes that could have a real impact on the wallets and bank accounts of people living and working in the Netherlands.
Some 856 thousand Dutch employees are not building up a pension, according to a study Statistics Netherlands did on behalf of the Ministry of Social Affairs and Employment. That amounts to 13 percent of all Dutch employees. Previously the Ministry estimated that only 4 percent of employees are not saving for retirement, RTL Z reports.
Most Dutch people are not building sufficient financial buffers for a financially healthy future, Rabobank concludes based on a study by Nibud. Only two in five Dutch put money aside for training, income decreases, pensions, or healthcare, ANP reports.
Nibud questioned 2 thousand people for this study. Nearly half of respondents indicated that they are concerned about money matters in the future, yet most do nothing about it. Around a third don't have the money to set aside. But of the two thirds who do have financial room to set money aside, only 39 percent actually do so.
In the coming years, the Dutch police will face a shortage of officers on the streets, especially on night shift and in the rural areas, managers at the National Police, police union NPB and the Police Academy leaders warned in the Volkskrant.
Less than 20 percent of the 873 thousand freelancers and self-employed in the Netherlands have insurance against occupational disability, according to figures by Statistics Netherlands and TNO. 70 percent of this group don't have insurance because they can't afford it.
A quarter of this group say they can carry this risk by themselves and just over 20 percent can fall back on their partner's income. 14 percent don't have insurance because they don't trust insurers. This is especially common in the construction industry, according to the stats office.
Nearly half of self-employed people in the Netherlands don't save enough for their pensions - 43 percent of Dutch self-employed will not be able to retire with an adequate pension on their current rate of savings, according to a study by the Economic Statistical Bulletin, RTL Z reports.
Feyenoord captain Dirk Kuyt is retiring his football career, the Rotterdam team announced on its website on Wednesday. Following a career high point of scoring a hat trick and winning the national title for Feyenoord on Sunday, the 36-year-old footballer feels that this is the right time to step down.
Geert Wilders and his PVV came out as the most popular party among the highly-educated and people with a mid-level education in a survey done by trade union De Unie. "The mantra that the PVV attracts the angry, low-educated white man is with this study definitely broken", Reinier Castelein, president of De Unie, said to WNL.
De Unie surveyed nearly 4 thousand people about their political affiliation. The PVV came out as the most popular party, followed by the VVD and D66. Though the vast majority of respondents did not know who they will vote for.
The increasing retirement age in the Netherlands will eventually cause problems because many Dutch are not physically able to work after the age of 65, the Dutch association for occupational medicine NVAB said to newspaper AD on Tuesday.
As of 2022 the retirement age for state pension will increase from 67 years to 67 years and thee months, affecting those born after 1954, the Volkskrant reports based on a new life expectancy estimate by Statistics Netherlands
The retirement age is currently slowly being increased from 65 to 67 years. From the moment retirement age reaches 67 years in 2021, retirement age will increase along with life expectancy. According to the newspaper, this is recorded in Dutch law. The aim is for the average Dutch person to receive state pension for 18 years.
Nibud is concerned about the financial situation of future pensioners. The combination of the rising cot of living and the current group of freelancers and entrepreneurs building less pension, leads the institute to expect that the current under-65-year-olds will soon have a quarter too little pension
Unemployment in the Netherlands continues to decline, according to figures released by Statistics Netherlands on Thursday. Most of the decline can be attributed to the age group 25 to 45 years, where unemployment has been falling almost continually for two years. People in long-term unemployment are still struggling to reenter the workforce.
Nearly 40 percent of Dutch pensioners are struggling to get by on their retirement income, according to a survey done by interest association ANBO among 9 thousand retirees
The Dutch parliament will be considering adopting a law that would make it easier for individuals aged 65 and above to work after they start receiving the state pension. The bill was proposed to the House of Representatives on Thursday by the Minister of Social Affairs Lodewijk Asscher. It is likely to receive broad support from the MPs, reports NRC.
According to Statistics Netherlands, the average retirement age increased further in 2014 to 64.1 years. That is 0.2 years higher than in 2013 and 0.5 years higher than in 2012.
Freelancers should be obliged to save for their own retirement and company employees should be given more power over the amount of their pensions, writes the Netherlands Authority for the Financial Markets (AFM) as a contribution to the national pension debate.
Labor unions FNV, CNV and VCP have said that the plan to keep employers in the labor market after their retirements will lead to unfair competition.
Three former employees of the Gaykrant revealed in Nieuwsuur that former chief Henk Krol did not speak the truth about the pension contributions at the Gaykrant.
50Plus party leader Henk Krol, resigns from his position as representative of the people, after it has come to light that he evaded paying pension premiums for his staff for years.