Archief van "English"
30% ruling, tax free salary
The 30% ruling is meant to attract employees with specific skills or expertise that are scarce on the Dutch labor market to the Netherlands by providing these employees with fiscal incentives.
The most significant incentive or benefit is that employees are allowed to receive free from Dutch taxation the higher of either 30% of their employment income or the so-called extra territorial expenses (such as cost of living allowance, housing, home leave, etc.). In addition, employees are allowed to receive a tax free reimbursement for the expenses of an international school for their children. In a nutshell and in general, this means that 30% of your salary can be paid tax-free. (meer…)
Defined Benefit and Contribution Pension Plans
Differences along with advantages and disadvantages of both
- A defined contribution plan provides an individual account for each participant. The benefits are based on the amount contributed and are also affected by income, expenses, gains and loses.
- A defined benefit plan promises the participant a specific monthly benefit at retirement and may state this as an exact amount. Monthly benefits are calculated through a formula that considers a participants salary and service. Unlike defined contribution plans, the participant is not required to make investment decisions. A defined benefit plan is sometimes referred to as a fully funded pension plan.
Advantages of Defined Benefit Plans (meer…)
The Institutional Architecture
The pension system in the Netherlands is characterised by the coexistence of different schemes. While no major reforms had been introduced in the last decade on old-age pensions, the trajectory of pension programmes radically altered after the Second World War. In the Dutch case, the public pension regime was completely changed in the 1950s: from the traditional Bismarckian model it shifted towards the universal social-democratic ideal-type realised in Scandinavian countries.
Then, its evolution was characterised by the presence of public and private institutions covering the old-age risk, in line with the multi-pillar paradigm. (meer…)
Collective defined contribution pensionplan in the Netherlands
Up until now, workers in the Netherlands have typically been covered by industry-wide defined benefit plans. These plans are administered by boards which include representatives of employers, workers, and retirees. Together with the Dutch social security benefit, these traditional plans are designed to provide a total replacement rate of 70 percent of preretirement salary. (meer…)
Voluntary AOW insurance
The AOW is a national insurance scheme. This means that you will normally be compulsorily insured under this scheme if you live in the Netherlands. If you start living or working outside the Netherlands, you will normally cease to be compulsorily covered under these schemes. This will affect the amount of your AOW pension or Anw benefit. If you meet the conditions, you can continue these insurance programmes on a voluntary basis.
30% ruling voor foreign employees and their pension
The 30% ruling is meant to attract foreign employees with specific skills or expertise that are scarce on the Dutch labor market to the Netherlands. This means that employees either need to be recruited while outside the Netherlands or assigned to the Netherlands. The Dutch employer should be able to demonstrate that there was no candidate on the Dutch labor marker for that position. (meer…)
Too young to remember
The people who are starting college this year across the nation are too young to remember
the space shuttle blowing up.
Their lifetime has always included AIDS.
Bottle caps have always been screw off and plastic.
The CD was introduced before they were born.
They have always had an answering machine.
They have always had cable. (meer…)
