Introduction of Dutch immigrant pension system

The Netherlands is one of the economically developed countries. The pension system in the Netherlands combines the pay-as-you-go system, in which employees pay for retirees' welfare funds and personal investment system. The following is an introduction to the Dutch immigrant pension system, welcome to read!

The first part introduces the Dutch immigrant pension system.

First, an overview of the individual investment system, collective individuals can make high-risk and low-risk investments to make up for the part they get from the state pension. It is precisely because these different models constitute the three pillars of the Dutch pension system.

Second, different types of pension funds.

1. Industry pension fund: covering employees in a certain industry such as hotels, restaurants, retail, construction or people's livelihood services.

2. Enterprise pension fund: for companies.

3. Independent professional pension fund: for medical experts, dentists and their related professionals.

3. How old can I get a pension?

According to the regulations, retirees over the age of 65 can receive it and provide basic welfare remuneration with a maximum of 70% of the minimum net salary.

According to the General Old Age Law, which came into effect on 1957, people aged 15-65 who live or work in the Netherlands have the right to receive a state pension.

4. How much national pension can you get?

How much you can get depends on the pension rights you established during your stay in Holland.

In the Netherlands, every time people pay medical insurance every year, they accumulate 2% of the state pension allowance, and people who don't work can also accumulate the right to receive the state pension.

5. How much can I get?

The standards of each group are different:

Cohabitation couples: each person can get about 700 euros a month.

Living alone: about 1000 euros per month.

Dutch national pension only provides limited financial benefits for retirees, and other pillars are benefits that need to be supplemented.

6. What should I do if I want to live in other countries when I receive a pension in the Netherlands?

If you emigrate before retirement, you can get a reduced national pension, because you will no longer be protected by the AOW pension and will no longer accumulate pension rights.

If you immigrate after retirement, you can receive a Dutch national pension (pillar 1), depending on the country where you immigrate. You can visit SVB's immigration page to see if your target country will affect your national pension.

Sometimes, expatriates can receive resettlement allowance from SVB, depending on their country of birth and family status.

Generally speaking, people who have obtained Dutch nationality or permanent residency can receive a state pension as long as they live or work in the Netherlands, but the pension is proportional to your time in the Netherlands and must live in the Netherlands or a specific country.

Whether you can receive the pension allowance from the pension fund depends on whether you have signed a pension contract with your employer and whether you have kept the record of the Dutch pension plan if you immigrate. The amount you get depends on your working years and salary.

Or you can take the initiative to buy pension products and receive allowances.

Article 2 Welfare of Dutch immigrants

1, child allowance and welfare allowance

If you raise a child in the Netherlands, you will receive a child allowance from the government until the child reaches adulthood at the age of 18.

The level of children's money is linked to their age. The older you get, the higher your child's pocket money will be. Low-income or middle-income families with two children will receive a welfare subsidy of up to 2040 euros this year. In addition to this fixed payment for children, the Dutch government will automatically grant you a child-care welfare subsidy linked to your income according to your income.

Generally, it is not necessary to apply for this subsidy. The tax bureau will pay you according to your income, the amount of property and whether you meet other conditions.

2. Pregnant women also have family assistance after giving birth.

The Dutch health care system is considered as a European system. Moreover, universal medical care is implemented, and the coverage and amount of medical insurance are very wide. Even prenatal, postpartum and postpartum health care are free.

Not only that, but also 7 days and 5 hours of domestic help every day after delivery. Someone comes to your house to wash your clothes, clean your room and teach you how to look after your newborn. Even the government's child care subsidy is big enough to live a leisurely life without worrying about money.

3. Full tax refund

This tax rebate is comprehensive. There is a high tax rebate for buying real estate and a 30% tax rebate for renting. There is a 45% tax rebate for purchasing medical insurance. Spouse has no job and has a tax refund.

Even, every single purchase between companies has a tax refund of 19%. This kind of tax refund benefits can be collected every year or every month according to your own requirements.

4. Pension system

The original intention of Dutch pension system design is to ensure that everyone can enjoy a decent life after reaching the legal retirement age, both now and in the future. Its characteristics are mainly manifested in three pillars: national basic pension, employee pension and private pension.

This embodies the design concept that everyone enjoys basic welfare equally. Among them, the national pension is paid by the central government and everyone has a share. It is paid at the age of 65.

Article 3 Special Benefits of Dutch Housing Immigrants

Therefore, the welfare that national immigrants do not have is the regression law. Dutch housing immigrant applicants can enjoy this special social welfare.

Since July 2008, this regression law has included Chinese and Dutch immigrants for the first time. Here, we will briefly interpret the situation of Chinese and Dutch immigrants who benefited from the Reunification Law. To put it simply, they will retire early with Dutch nationality and lifelong benefits and return to their original place of residence to spend their old age in Guoan.

According to the provisions of the Reunification Law, different Dutch high-tech immigrants can enjoy different rights and interests from the detailed rules for the implementation of the regulations. In short, China immigrants who can enjoy the rights and interests of the reunification law can be roughly divided into the following two categories:

A: If the applicant is under 45 years old and has lived in the Netherlands for more than one year and less than three years, he can apply for basic allowance, which includes travel allowance, moving allowance and two months' living allowance.

B: If the applicant is over 45 years old, has lived in the Netherlands for more than three years, and has received relief, unemployment, disability or old-age pension from the Dutch government for more than half a year, he can apply for repatriation allowance, including travel allowance, moving allowance and life-long living allowance.