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How to create retirementplan in the Netherlands?

retirementplan in the NetherlandsEmployees normally retire at the age of 68 year so there is a need for a retirementplan in the Netherlands. They can choose to retire earlier or later, perhaps while continuing to work part-time, or to exchange the dependant’s pension for a higher retirement pension or vice versa. The options depend on your pension regulations.

How to create retirementplan in the Netherlands?

The three parts of a retirement plan. Retirement plan is a term that covers a set of financial arrangements providing your employee with an income upon retirement. A retirement plan generally consists of three parts:

  1. A statutory state pension: from the age of 67-68, everyone who lives in the Netherlands receives a state pension under the General Old Age Pensions Act (Algemene Ouderdomswet AOW). State pension age calculation.
  2. An employer-sponsored retirement pension: under the administration of a pension insurer, the contributions paid by you and taken from your employee’s paycheck accrue to the retirement benefit of your employee. They provide information on the target pension and accrued value in the annual uniform pension statement (UPO). A retirementplan in the Netherlands is a transparent way to create excellent employee benefits.
  3. A supplementary pension: your employee may have made private arrangements to supplement his pension through savings, investments or an annuity from an insurance company. That is how to create retirementplan in the Netherlands.

Pension management

Good pension management depends on finding the right balance between competing interests such as attractive pensions, costs, certainty, indexing, risk and manageability. At the same time, proper account has to be taken of the interests of both the employer (the sponsor) and the employees. We have a wide-ranging experience of the various solutions that can be deployed to answer questions such as:

• How can organisations use their pension scheme to differentiate themselves from their labour market competitors?
• How can we minimise the risks and costs of their scheme?
• How can we offer participants attractive pensions in return for acceptable contributions?
• How can regulations and pension schemes be made comprehensible and operate transparently?

We are an independent pension broker in Amsterdam. Below you find a form to get in touch.

Extra information about the 30% ruling for expats

If certain conditions are met, expatriates may be eligible for the 30% rule. This arrangement means that there is a tax-free allowance which will be given up to 30% of wages. The tax free fee is for the extra cost of the temporary residence of the expat in the Netherlands. This allowance is tax not paid.

In principle you usually do not build up pension on the tax-free reimbursement of the 30% rulers. The pension benefits granted by your employer are based on your taxable salary; thus lower since the “top” is taken off as a tax free reimbursement.


Most common Dutch employee Benefits and Insurances:
Pension scheme employees
Sickness insurance employees
Disability employees
Healthcare employees
General liability business
Product liability
Professional liability
Directors liability
Environmental liability risks
Cyber Risk liability
Business Travel
Inventory business
Legal expenses insurance

Please inform me about the following:
We need professional Dutch assistance with Employee Benefits and Insurances.
Please send a price quotation.
Give me a phone call.

Our request
Name Company*
Address Company
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Emailadress Contact person*
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Additional Information

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English, pension-netherlands

Dutch Employee Benefits and Insurance risks

Dutch Employee Benefits and Insurance risksEnglish companies wishing to settle in the Netherlands are faced with strict legislation about Dutch Employee Benefits and insurance risks.

Strict legislation with mitigating possibilities

The labour conditions are a fine-grained system of pension and Dutch employee benefits. Especially the terms and premiums for sick leave conditions and disability arrangements are to be sharply calculated. The premiums are often high and can affect the profits of your company. With professional guidance these costs can be mitigated. Sometimes the terms and premiums of Dutch Employee Benefits are mandatory, but often they can be lowered. Below you find a explanation of the pension system in the Netherlands.

Pensioen plan

Pension plan is a term that relates to a series of financial agreements that give your employee an income in retirement. A pension scheme generally consists of three parts:

A statutory state pension

From the age of 67 year, anyone living in the Netherlands will receive a state pension under the AOW General Age Act. The Dutch AOW pension (paid under the National Old Age Pensions Act, AOW) is a basic state pension. In general, everyone who has reached the AOW retirement age and resided or resided in the Netherlands was entitled to an AOW pension. The SVB pays your AOW pension from the day you reach the AOW retirement age that applies to you. It does not matter which country you currently live. Information

An employer’s pension

Under the administration of an insurer or pension fund, the contributions paid by the company will be reserved for the employee’s pension allowance. The pension fund will provide information on the target pension and the promised value in an Annual Uniform Pension Statement (UPO).

A supplementary pension

Your employee may have made private arrangements to supplement his pension through savings, investments or an insurance company’s or pension fund annuity.

Company Insurance risk

Insurance risks such as liability, fire, theft, and other risks are also important to be able to handle immediately. Sickness insurances, disability or accidents. We offer a wide range of solutions for the basic and professionals risks.

Liability can be

  1. a general liability,
  2. professional liability and/or
  3. a directors liability. (meer…)

Dutch insurances and Dutch pension 2018

Dutch insurances & pensions are not mandatory. But most businesses want to insure their Dutch employee benefits (pension, illness en disability) and their business risks. Below you find a summary of some aspects of the Dutch insurances and risks in the netherlands.

General liability insurance

Dutch insurances

Business owners obtain general liability insurance to cover legal hassles due to accident, injuries and claims of negligence. These Dutch insurances safeguard against payments as the consequence of bodily injury, property damage, medical expenses, liability claim, slander, the cost of defending lawsuits, and settlement bonds or judgments required through an appeal procedure. This kind of Dutch insurances is not too expensive (relatively) and is an important business insurance; a no-brainer. These insurances are a part of the Dutch insurances & Employee Benefits.

Professional liability 

Business owners providing services should think about having professional liability/ Indemnity cover (additionally acknowledged as errors and omissions insurance). This form of liability coverage protects your business against misconduct, errors, and negligence in provision of services towards your customers. Depending on your profession, you may be required by your government to hold such a policy. Professionals are often obliged to procure malpractice insurance as a stipulation of practicing in most countries. This Dutch insurances are a part of the Dutch Insurances & Employee Benefits.

Dutch Insurances

A (almost) complete list of Dutch Insurances you find on this (Dutch) page.


English, pension-netherlands

The employee pension contribution 2018 calculation

A free example of a employee pension contribution 2018.

employee pension contribution 2018

At the end of the month of January 2018, everyone will receive a new payroll. For employers, it is therefore important (if applicable) to state the new own pension contribution. The calculation of the own contribution is as follows.

If there is an employee pension contribution 2018 in a pension scheme, then this contribution is often a percentage of the pension salary. (for example 4%). Pension salary = Full-time Annual Salary minus State pension franchise 2018.  This fulltime Pension salary times the part-time percentage yields the correct pension salary. The employee pension contribution 2017 is thus a percentage of this pension salary.

A calculation example employee pension contribution 2018

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  1. Maximum pensionable salary is set at € 105,075.
  2. Forgotten personal contribution. Has your own pension contribution been forgotten on the salary slip? An employee can make up for this by paying it immediately via the next pay slip. Sometimes an employer also offers the opportunity to spread this over a period of the next 12 months.
  3. Overpaying your own pension contribution 2018. Please note that you will never be able to calculate your own contribution more than the premium is paid by the employer.
  4. “Pension Distance Declarations” are out of the question. Here are the reasons. If you want to register an employee for the pension scheme, then think about a number of things. The date in service is usually set for example on 1 January 2018, while the actual date in service may be far in the past. This can be a problem especially for the survivor’s pension. In that case, too little survivor’s pension is insured. Clearly state the expiry of the waiver so that it is official and accurate.
  5. Partner definition. If in doubt, check the partner definition. This differs from the tax partner definition. A pension fund or insurer sometimes makes specific demands on the partner definition.
  6. Registration. Always report changes to the pension advisor. They help and correct where necessary. You will always receive a confirmation. That is so easy because from then on we take care of everything.
English, pension-netherlands

Dutch liability insurances. 6 variations and no-upfront fee.

Dutch liability insurances are important for English firms with a subsidiary in The Netherlands. You will have to get informed about the different kinds of liability insurances which mitigates the company risks in The Netherlands. Most of the insurances are voluntary but some of them are mandatory (all motor vehicles). We can help you in choosing for the right Dutch liability insurances.

A summary of the main Dutch liability insurances

Dutch liability insurancesThe main 6 Dutch liability insurances are:

General liability

Your company is liable  if

  1. Your company (or an employee) is responsible for damage of property of someone else. For example; if, due to a fire in your building, you are also responsible for the claims if the building of your neighbor is burned down. This general Dutch liability insurances will insure this risk.
  2. Personal damage. If your company (or an employee) causes a personal damage they will sue your company for the financial consequences.

No-brainer. This general Dutch liability insurances is voluntary but we find this insurance a no-brainer. The risk change is low, but the damages and claims can be huge. The premiums are most of the time moderate. There is a width range of different insurances with extensive coverages. (meer…)


Brexit product liability insurances 2018-2019

Brexit product liability insurances 2018-2019 will be a tour de force to create a new balance. If something is wrong with your product that you have sold, and a buyer encounters property damage of personal injury, you may be liable as a producer. Due to the impending departure of the United Kingdom from the EU, product liability also changes. To get a clear understanding of the future situation you have look from different perspectives of Brexit product liability insurances:

Before Brexit

1. You are a UK-based company and sell your products in the EU-zone.

Brexit product liability insurancesYour product liability in the current situation is that you are an inside EU-producer. A customer can claim his financial damages directly as the producer if your product is the cause of an accident or damage. This is due to the current European legislation. Product liability insurers have clauses which incorporate this risk.

2. You are a EU-based company and sell your products in the UK.

Before Brexit the UK is within the EU-zone. Therefore, your product liability before Brexit is that you are an inside EU producer. A UK-customer can claim a financial loss directly if your product is cause of an accident or damage. This is also due to the current European legislation. Product liability insurers have clauses which incorporate these Brexit product liability insurances.

Retailers and consumers in the UK en the other EU countries are always allowed to sue you directly if there is a product liability. Retailer who sell your products are not liable can be transfer the claim to the EU producer.

After Brexit

1. You are a UK-based company and sell your products in the EU-zone. (meer…)


5 important variables in a Dutch retirement plan

5 important variables in a Dutch retirement plan The future of ten employees financial security will largely depend on the Dutch retirement plan. It is important to understand how this plan works and which benefits they will be entitled to. It is also important to understand the choices they can personally make with respect to your retirement plan. After all, it is their retirement plan. We have set out the options so that they can make well-informed decisions and choose the retirement plan that meets their individual needs. Please check also the state pension arrangements.

The options described below do not apply to every pension scheme. Which options apply will depend on the retirement plan your employer has selected. If you want to know which conditions and choices apply to the employees, check your copy of the pension regulations or review the introductory letter you received from the insurer when you started as a company the pension scheme.

Pension plans in Dutch retirement plan


s offer members a range of options. It is important to make sure that you are properly informed on options such as:

  1. Opting for a higher retirement pension (the benefit they will receive upon retirement) in exchange for a lower partner’s pension (the pension your partner will receive after your death) and
  2. a higher partner’s pension
  3. Retiring earlier or later.
  4. Opting for variable retirement benefits.
  5. Part-time pension.

A (Dutch) online calculation page

Higher retirement pension



English, pension-advice

30% Ruling special tax regime for expats

30% rulingThe Netherlands has a special tax regime for expatriates, the so-called 30% ruling, which provides a substantial income tax exemption of up to 30%, for a period of up to 120 months. This is viewed as a reimbursement for the extra costs involved in living abroad.

More information

Gerrit-Jan Doorneweerd, registered Pension Advisor,
Amsterdam, +31 (0)20 6200825
Mobile, 0651 471 9 – six – five. (Also in the evening and weekends.)
Please give me a call

English, pension-netherlands

An employee reaches retirement age – 4 steps

draaitrapStep 1
Six months before retirement, an employee will receive a letter from the pensioninsurer of pensionfund containing:

Step 2
An employee provides the pensioninsurer of pensionfund with:

Step 3

The pensioninsurer of pensionfund carries out the administration.
Theu process the information supplied and determine the final entitlement.

Step 4
The pension insurer of pensionfund makes the initial pension payment to your employee in accordance with the pension regulations.

Tip: It can be profitable for an employee to combine different pensions and annuities. 

English, pension-advice

Risks and your pension

toetsenbord met koptelefoonThe amount of your pension is not fixed and may change. In addition to changes in your private or work situation, there are also developments which are outside your control. These developments can affect the amount of your pension. We would like to explain these risks and their influence on your pension to you.

Inflation risk
Inflation decreases the value of money each year. This also applies to your pension. Think about it: you can buy less with €100 than you could ten years ago. Therefore your pension loses some of its purchasing power. You may think now that your pension will be sufficient, but be aware that your pension will lose some of its purchasing power due to inflation.

Investment risk
Your pension may (partly) be used for investments. Investing is never without risk: at this moment you do not yet know the final value of your investments. Depending on the choices made by your employer, you yourself can decide how much risk you want to take. This allows you to determine your own risk profile.

Interest risk
Are you about to retire? The pension amount you will receive does not only depend on the value of the investments, but also on the interest rates at that time. The lower the interest rate at that time, the lower the pension will be.

Longevity risk
Are you about to retire? The pension amount you will receive does not only depend on the value of the investments, but also on the life expectancy of the Dutch population. People are living longer and therefore receive pension for a longer period of time. The pension will be lower because we have to use the same amount of money to pay out your pension for a longer period of time.

English, pension-netherlands