May payday is the best time of the year for many people as they see their bank balances a lot more fresh and full than it usually is. However, for many people in the Netherlands, it may not be looking quite as fresh as they were expecting this year.
Who will be affected and who won’t be?
If you earn the minimum wage you will be better off this year and will earn slightly more on your holiday pay than what you did last year.
If you are earning 34,000 or more you will be worse off. The more you earn, the worse you will be (unless you are in the highest bracket).
With high incomes of 98,000 or more, your holiday pay will actually rise (which confirms to most of us, that we really wish we were earning a lot more money). This is because are all paying less tax on holiday pay, therefore it benefits those who earn the most in this case. ‘For most incomes, that tax benefit is more than offset by the reduced labour credit’ reports RTL Nieuws.
Back to plan B it seems.
Will you be affected? Let us know in the comments!