The Effect of Prinsjesdag 2017 on Your Wallet

By: Together Abroad 21-09-2017 3:44 PM
Categories: * Daily employment news,


Numbers and measures were soaring around Princess's Day. NU.nl explains what the cabinet’s plans for your wallet will mean. Princess's Day this year was different from usual, because the new cabinet has not yet formed. Therefore, no major policy changes have been proposed. The budget for 2018 was presented on Tuesday, while the former parties VVD, CDA, D66 and ChristenUnie still negotiated a government agreement. Therefore, changes can still accrue relatively, but this is what is known so far.

Purchasing Power

The Dutch purchasing power on average will increase next year by 0.6 %. As long as income grows steadier than the average price level. This is estimated to apply to 82% of all households. However,purchasing power for the remainder is inclined to remain the same or to decline. This normal increase will allow Households to buy more goods and services. However, this purchasing power growth can be different for one individual to another.

The purchasing power for workers is expected to gain the biggest plus. It is expected to increase to 0.7 %. The purchasing power of 87% of workers will see an improvement in 2018. However, beneficiaries are the least to increase with 0.3 % increase. This group will probably get 78% next year with an improvement. Over three-quarters of retiree pensioners can expect a 0.6% increase in purchasing power. However, a quarter of the elderly with a higher supplementary pension appears to decline. This is due to the fact that pension funds barely increase the supplementary pensions.

Per Income Group

Higher incomes will especially see their situation improve next year. Households with an income above 500% of the legal minimum wage will see their purchasing power increase by 1%. The group per income with an income between 350% and 500% of the minimum wage can accommodate a plus increase of 0.8%. Households in 2018 with an income below 175% of the statutory minimum wage are expected to rise by 0.6%. The legal minimum wage was 1.565.40 Euros per month in the second half of this year. The new amounts have not yet been publicized.

Translated by Maybeline Whitter

Source
https://www.nu.nl/prinsjesdag/4927250/overzicht-effect-heeft-prinsjesdag-2017-portemonnee.html


1514 views
No reactions
Print
Mail a friend
This article is restricted. You have to be logged in to be able to add further reactions.

For an expat moving to the Netherlands, getting the right direction is very important. It's important that one knows which steps and direction to take. Linda is an exceptionally talent counselor, her advice has helped me land a job within a week of coming to the Netherlands. I am grateful for her mentoring and look forward to a great working relationship in the future.

Dr. Hrishiraj S | Clinical Research & Affairs Manager

Together Abroad provided expert advice on personal branding including developing a top-notch, market-aware CV, highly tailored job applications, and approach strategies with potential employers in the Netherlands. Furthermore, I found them be highly knowledgeable in key related fields such as recruitment strategy, immigration law, contracts, labor agreements, and (un)employment benefits. I would recommend Together Abroad to anyone who needs professional help with transitioning to a new career.

A. Aboufirass | Structural Engeer

Linda is a big mind. She thinks about things that the rest normally overlook. The insight she has about the dutch job market can only be achieved through years of experience and persistence.

Her business savvy is complemented by her mastery of understanding the client's needs and requirements. For my career I could say, she was the “Mary Poppins”, who guided me through thick and thin and helped me to land a career in the Netherlands

S. Bhattacharjee | FP&A Manager

If you are going to enlist the services of a "Career Coach" look no further. The only person you want in your corner is Linda van Orsouw. As an expat, you absolutely want to work with a highly skilled and knowledgeable professional who knows their way around the Dutch career/employment/job market. Linda assisted me in writing and positioning my CV, helped me organize and prioritize my list of opportunities, coached me through mock interviews and was there when I got offered a senior position only 2 months later. When asked I will only refer to Linda and "Togetherabroad".

Mr. C. Joubert
Lead Workplace Strategy Consultant 

 

New item